All Forum Posts by: Jonathan Greene

Yeah, that is very true, but someone who is that new can't really be mentored because they haven't put in enough work to even be a good use of time for someone experienced if the questions are going to be so basic. That's why meetups help the learning curve because they will get more value out of real people doing it than another TikToker.

It's up in the forms. WED Jan. 8 in Teaneck at Veggie Heaven (we have a great room in the back). You can always find the schedule on my social or at streamlined.properties/zen.

Let's go! Just keep in mind with a HELOC that you really only want to use 1/2 of what you have available to be safe. So if you have access to 145k, I would safely say you could use 70k to invest. Good luck. This is going to be your year.

It really comes down to value. If you are always giving away something valuable (information, time, resources, referrals) and not asking for anything in return, you will get plenty.

Imagine how annoying it would be to manage 100 single-family homes. Even if you didn't manage them, your management payments would be astronomical because it would be unlikely they are all in the same area.

I think people try to get mentors too early, when they haven't built a foundation for their business or their relationships. The best way to get a mentor is to become friends with many other investors (this is why meetups are great) and see which ones stick. I don't think it's harder than that. 

I agree with all of this. I do think you need a separate entrance option or at least two entrances in a four-plex to make it easier on the LTR tenants, but if you are open about it form the start, everyone gets it and you choose the unit composition based on which ones will be STR or MTR.

There are really only two decent books on wholesaling I know of - one by Todd Fleming called something like If you can't wholesale after this, I've got nothing for you, and the BP book by Jamil Damji. Those are good resources, but what you will find is that most of the closing is learned in the field by connecting with people.

A couple of tips:

1. Learn repair costs asap. Befriend contactors and other investors at meetups so you can build a catalog of how much everything costs. Most wholesalers just make this up and so the deals are worthless.

2. Focus on the person (the seller), not the offer. The person has to go somewhere. The person has a problem that needs solving. If you can solve the problem, you can get the house for less than everyone else who doesn't care about the person.

3. Don't oversell the ARV. Classic disaster which just tells us you bought too high.

4. Don't say you have cash, if you don't have cash. If you want seller finance, learn how to explain it well.

Good luck.

Once you complete your class and pass the test, you will start looking for brokerages. If you can make some relationships prior to that with agents in the area who do what you want to, you can find yourself on a team or at a strong brokerage that matches what you want to do.

Welcome, and thank you for your service. You are on a great trajectory and learning curve because you are learning from your mistakes and also preparing to move slowly instead of scaling before you are ready. You have built a great foundation to work from. With your VA benefits and tax break, you are really set to do exactly what you want. A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income. Good luck!