All Forum Posts by: Josh Gorokhovsky

@Scott F. I understand where you're coming from because I am quite bipolar when it comes to my work environment myself. Most of the time, I like my privacy and a quiet space to compose my thoughts, but there are times where it's time to socialize and interact with my colleagues. Unfortunately, if I'm someone who cant afford my own office space (who these workspace environments mainly target) or I'm looking to keep my fixed costs low, then I can't have the luxury of being picky.

@Allan Glass, as someone who recently came out of the USC entrepreneurship scene, and now working in real estate, I have an interesting perspective: 

I have visited, toured, and worked in several USC incubator spaces as well as some SF and LA based shared workspaces like CrossCampus and StartEngine. These spaces work because they offer the shared common space but also have small shared private rooms and conference rooms with time restrictions and reservation capabilities. Members of the community understand what they are getting into and respect the "house" rules in regards to networking, being obnoxious, etc.

Lastly, I think we will continue to head into a shared ecosystem as a society and these spaces will become more and more common and in demand... especially with the rental prices that continue to rise in LA's private offices. As millennials, like myself, graduate and as technology and real estate continue to intertwine, this seems like a great idea to me.

Our team just switched to REIpro as our CRM tool a couple weeks ago and it has been awesome for our purposes. It is very specific to the real estate investment process while also allowing customization for your specific needs. We were using Salesforce before and although Salesforce is great, it is pretty difficult/expensive to customize it.

Let me know if you have any questions!

No worries, hope I can help.

I've had an investor tell about a situation like that where he didn't want to be the work horse any more and had someone hungry like yourself run the deal.

You are getting paid for your labor, not for your investment so that is the pitch. Then your job is to sell yourself on time-efficiency, experience if you have any, and getting it done right.

You can structure it based on timeline of expected ROI over time as well. Meaning, you get x% of the profits until the investors make either their entire investment back or a certain percentage of it, at which point your payout will increase. This would be very ideal for the long-term I think.

Hi BP Community,

I hope everyone is doing well and working hard towards their goals!

I have been experimenting with various forms of marketing recently. My main goal is to reach 3 different audiences: Other investors, brokers, and home-owners.

I'm interested to hear what platforms and respective strategies you have been implementing to get your name, brand, and message out there?

Looking forward to all your responses!

Josh

Hi Cassidy,

Sounds like you're in a pretty good situation. A couple things I would do:

1. Focus on the long term relationship
   • Make sure "deal" you find or get into with these investors is an actual deal. Too many people focus on making small short term profits at the expense of the longevity of a potential long-lasting relationship. If you show these investors you care about their long-term benefit, they will always do business with you.
2. What value would you do besides brokering the deal?
   • Will you be managing the project? Is there a fix involved? Did you find the deal?
   • Reverse-engineer the value you'd want someone in your position to bring if you were them and work backwards.

Maybe a little more info/detail on what you're trying to solve?

Hope I was somewhat helpful!

Hey @Account Closed,

I recently faced the same problem and here is what I've decided to do and why:

I believe although you should have a primary investment vehicle you are spending most of your time and money on, you should still diversify slightly and prepare for a rainy day/the future.

I set up a 401K-match program my own corporation offers to employees (including to myself)

I make automatic contributions from the paychecks my corporation pays me into the 401K account my corp has set up. I make these after-tax contributions and those contributions are matched by my corp which ends up being a write off at the end of the year as well.

I make these after-tax contributions for a couple reasons:

For regular 401K programs, the maximum contribution limit is $5,500 annually for those under 50 or $6,500 for those 50 or older. Moreover, if the employee's income exceeds certain limits, then Roth IRA contribution might not be possible at all.

An alternative is if the employer wants to provide a Roth-style alternative to a Roth IRA, then one option is to offer a Roth account within its 401(k) plan (which is what I have done). These accounts use after-tax dollars in the same way a Roth IRA does, and withdrawals from the account are tax-free.

This route allows me to diversify, prepare for the future a small piece at a time, reach my tax efficiency goals, and lower the taxes my corp pays.

Hope that helps!

EMPTY LOTS

------------------

Total Purchase Price: $720,000

Total Build Cost: $600,000

Total Completed Value: $2,200,000

2 separate lots, side by side. One property is 3,400 sqft and the other is 3,000.

Lots have been approved for the split by the city and 

are shovel ready pending permits paid by buyer.

If you would like to be sent information regarding the following, please message, email, or call me directly:

• Architecture
• Grading
• Structural
• Wet Utilities
• Renderings
• MEP Completion

LAST CALL

Total Purchase Price: $720,000

Total Build Cost: $600,000

Total Completed Value: $2,200,000

2 separate lots, side by side. One property is 3,400 sqft and the other is 3,000.

Lots are shovel ready pending permits paid by buyer.

If you would like to be sent information regarding the following, please message, email, or call me directly:

• Architecture
• Grading
• Structural
• Wet Utilities
• Renderings
• MEP Completion

Total Purchase Price: $720,000

Total Build Cost: $600,000

Total Completed Value: $2,200,000

If you would like to be sent information regarding the following, please message, email, or call me directly:

• Architecture
• Grading
• Structural
• Wet Utilities
• Renderings
• MEP Completion