All Forum Posts by: Josh Teunissen

Is there a market for renting bedrooms in a sfh in your area? 

Also, I would look into a low money down conventional mortgage, itll give you a stronger offer as a buyer. I've heard of realtors passing on FHA offers because of the added hassle.

Good luck!

@Marcus Auerbach that was a great presentation! For anyone wondering, I highly recommend

Learn as much as you can, and have a plan! Whether that's making due with your current resources or to save for a future goal. Get out and meet people!

I'm a bit slow myself, but taking action will get you farther than than agonizing over details and not taking steps forward. Lots of the BP podcast guests started with little, they also took action.

https://tim.blog/2019/04/09/eric-schmidt/

I think this is a very relevant podcast, and answered some of my questions and eased some fears. It's an informative episode for both coaches and someone considering hiring a coach. I haven't finished it yet, but maybe there's something for everyone to learn from. I'm definitely a Ferriss fanboy so take it with a grain of salt haha

Do you remember the BP podcast with Brian Burke? Where he was advised to over promise? 

I wonder If people who spend big money believe they'll take a shortcut to their dreams they've been promised? They're probably heavily marketed to as well, i know my Facebook feed is littered with guru advertisements! Think of what people spend on the lottery.

I'm glad Brew City doesnt over promise. 

When you pay for other services, and the person you pay doesn't deliver, or messes up,  although frustrating it's not usually a financial disaster. You can take your car to a different mechanic so to speak. If a newb investor buys a bad deal early in their investing career, it could be a big setback. Real estate Investing takes a lot of money (traditionaly) to get started. 

Also, noone likes talking to lawyers. You pay every time they pick up the phone haha a neccessary evil no doubt

I'm not sure how you pacify those fears. I'm sure plenty of the interest you've received are just time wasters, you don't want to coach those anyway. But some like me, are just trying to be careful.

For me there's also this element where it feels weird to look up to local investors, but to potentially be looked at as a customer. Idk, I haven't figured it all out. It makes sense to charge, because it makes people put skin in the game and less likely to waste your valuable time. Also in corporate culture its maybe more common to pay for consulting and coaching ect, but us newbs arnt as accustomed to the practice?

I hope noone takes this post as a dig. It's just simply the first things that come to mind. 

Or maybe the prospective clients email is drowning In the junk folder?  Who knows

I became a landlord at 24 and still felt intimidated at first! And my tenant is running for village president...imagine that! 

Above anything else, "doing the right thing, is always the right thing" (garyvee quote), so know the laws, keep the place maintained, be respectful but firm ect. You'll come across so many nuisances along the way that no amount of reading will prepare you for, so just be proactive and dont sweat the small stuff. 

@marcus Auerbach

I think you're probably right. I'll put away my tinfoil hat for now haha

In my town in ozaukee county we have new builds for +/- $220,000 that are smaller sq/ft and "green homes" but even that seems like a stretch for our median household income of $67,xxx. 

Does ozaukee fall into greater milwaukee growth? 

I hope I dont detract from your thread and I appreciate your knowledge and experience. I just feel like any hit to employment or income would be really bad. Where would that come from, idk, but I'm trying to learn

Granny's not buying stocks yet! But my younger brother did get a 0 down loan...

I've been following your thoughts on this subject.

Do you see a potential for drop in demand? I read somewhere unemployment is projected to rise a few points nationally, and GDP growth slowing. 

Inventory may not rise but I see potential pressure on the demand.

This is a hard subject to follow because every article I read has different data and there doesn't seem to be a clear consensus

@Michele B "Screech" (Dustin diamond) from that show saved by the Bell moved to a smallish town around here too!  Interesting