All Forum Posts by: Junior Soares

@David Wilson Good morning David, If you're interest in real estate without having to be a landlord you may want to consider adding REITs (Real Estate Investment Trusts) to your portfolio. There are alot of big players out there who offer awesome returns on your investment. This gives you an opportunity to invest in all fields if you want. Medical Real estate, Industrial, Multi-Family, etc. I have a few of these and they perform well and eventually with I'm tired of playing landlord I will sell all and put into REIT's so I can focus my time on other things. Theres no such thing as truly passive investing if you want to be a landlord, you still deal with problems, still have to communicate with your property managers, sometimes need to get involved yourself with tenants, etc. It still requires work on your end.

@Mark Gonzalez Message me, let's talk. I may be able to take it off of your hands provided it's in a decent area.

@Jared Cheney There are alot of OOS investors who dont do this, but I strongly recommend going there and hunting down areas. I have investments in 4 different states mine included and before buying my first OOS in 2017 I flew in, built a team, drove all sorts of neighborhoods good and bad walked 20+ houses before making my decision. I was more comfortable spending a couple grand doing this than losing 100k on a bad deal. It's a write off anyway. I personally prefer A-B neighborhoods or an up and coming solid C. For the areas I'm in for SFR they're usually 80k plus and for small multifamily $150k plus easily. There are many people killing it with cashflow in lower C and D areas but that naturally comes with lots of turnover, babysitting and headaches. I'd rather be focusing my time on generating revenue to buy another solid asset in a good area. My personal $.02

If you're asking for an opinion,  I personally would rather take the $3,600.00 and save it for when you're ready to invest it. 

There is an abundance of self learning you can do here on bigger pockets and tons of books that will teach you probably everything this coaching program offers. If not, as you know, you can simply ask a question here on BP and you will be fed with knowledge and many different opinions and strategies from both small and big time players in the game. 

Best of luck,

Junior

@Darla Smith I think you need a breakdown from the contractor on where this big down payment is going!. Typically, contractors that do this use the money to fund their other projects and this results in a big no no. Typically I do progress payments. I breakdown phases of work for my clients in the proposal and collect progress payments as each phase has been completed. If the previous phase hasn't been paid for, I don't continue until I've been paid for my work. I never take anything up front as most contractors have credit accounts with all suppliers they use. I put all material on credit and I pay my crew out of pocket and I get it back once progress payments come in.

@Junior Soares It's good*

@Josiah Sia You're plan is a great one! Theres nothing like a paid off property! I'm not a fan of the whole 90% LTV investing. I personally own 40-100% of of all of my properties granted I only have a handful, to me it beats owning 100 highly leveraged properties. I sleep great at night! Slow and steady wins the race, lifes beautiful. Enjoy the hustle ita good for you

@Angelo Mart Thank you brother and likewise, 4 years later and a handful of rental properties I'm still hustling and doing whatever it takes as one should

@Eric Ippolito You need a new lender brother. If you're looking for property in Ohio or Michigan I can connect you with my lenders who are wonderful and will gladly lend you money provided you qualify.

@Wesley Edwards I'm a lath and plaster contractor here in the Bay Area. Although my market is much different, 7k sounds really cheap to redo an entire home. Sounds fair to me as our prices here in the bay area can range over 13k for that square footage.