All Forum Posts by: Jordan Santiago

I'll be using private money in addition to my own capital to aggressively acquire cashflowing multifamily properties using leverage. So far only in Georgia. I may expand in the future though.

Awesome, how many do you have right now? Do you buy small like quads? Or big like 80 unit complexes?

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Originally posted by @Emmanuel Gonzalez:

Take what im going to say with a grain of salt, i have 0 properties and have never invested.
First, i dont think its nessasary for anyone to know your age. If you sound educated in real estate and know what you're talking about it shouldnt matter.

Secondly, you want to run a business that runs itself. This is one thing i do know about being a business owner. Personally, i would reword it to, "I want to start a business and put in place systems that allows the business to run itself. Anyone who runs a business knows you have to systematize things from day one.
Read: The E myth

Remove i want to be a millionaire. Rather put "I want financial freedom"
Read: The Millionaire next door

This advice would be to attract potential investors.

Thank you for your input, I appreciate it!

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Originally posted by @Rosston Smith:

I mean, I'm getting 300 units by 31 years old.

Mines possible, so yours is too.

Ah I would love that! What your plan? Do you invest only in Georgia?

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Originally posted by @Account Closed:

The Ghetto, that's one of your option to start with that small amount. NY is being overrun by the big boys. That's one area the big boys won't touch but easily feast able if you have thick skin for it.

Thanks William

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Originally posted by @Sochima Eze:

I know the feeling, New York is a beast of a market to begin in 😖

Yeah man, so expensive.

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Originally posted by @Abel Curiel:

Good Morning Jordan,

@Thomas S. put it best. Start identifying your options (i.e. wholesaling) and get educated on the ins and outs. Cut back on your current spending as much as you can.

I'm from Queens as well. I've started wholesaling with little money with my partner and I'd be happy to share more info with you. As Greg mentioned, this is a long slow process. Please come to terms with that because if you're looking to turn that 10K into 20K or 100K, it won't happen overnight and it wont happen easily. This takes time, TONS of homework, execution and focus.

That being said, 10K can do a lot for you as long as you use it strategically. I would suggest avoiding any guru courses/seminars. Just connect with fellow investors and entrepreneurs. My best education over the last year or so has been free!

Best of luck to you!

-Abel

Hey Abel, nice to hear from a fellow Queens resident. Yes, I am going to look to save effectively and wholesale or to use the 10k for a downpayment on a cheap beat-up house and try to flip. Then use the money to start a rental property portfolio. I have a similar rental unit goal as you, to have a huge amount of units for passive income. Thank you for the help!

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Oh yes i forgot I would have to live in one of the units. Maybe, but not sure if I can find a profitable multifamily that cheap, even with a 3.5% downpayment.

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Originally posted by @Rosston Smith:

Down payment on an FHA loan for a multifamily property

I would love to but I would have to find a very cheap property, these New York properties are crazy expensive. Unless, I invest out-of-state.

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All Forum Posts by: Jordan Santiago

Jordan Santiago has started 87 posts and replied 302 times.

Post: Wholesaling a Wholesale deal

Post: Wholesaling a Wholesale deal

Post: LOOK AT MY BIO

Post: LOOK AT MY BIO

Post: LOOK AT MY BIO

Post: Starting with $10,000

Post: Starting with $10,000

Post: Starting with $10,000

Post: Starting with $10,000

Post: Starting with $10,000