All Forum Posts by: Ken Nieves

Okay...somewhat of a feeler post, to see if I am even close to being accurate, with my research.

Currently looking in the Austin, TX and Boise, ID markets.  I have selected these two based off of a few core criteria principles. 
-Austin, TX seems to be a good LT appreciation play, cash flowing may be difficult but not impossible.  This would be a long distance investment strategy, as I do not want to relocate to Austin.
-Boise, ID seems to have better opportunity for cash flowing, while still having a good chance of LT appreciation.  Reports suggest 60% population growth in last decade, and forecasts show the same, for the next 10 years out.  This would be a house hacking strategy (duplex/twin home), as I am willing to relocate to Boise.

I have no previous experience in RE investing.  I have recently acquired a few different spreadsheets for analyzing deals, but very unsure if I am using them correctly.  In terms of budget, we are blessed to have family who is willing to help us get into something that pencils out (no commercial MF).

I could really use any and all advice, suggestions, insights and assistance in starting this journey.  Open to all.  And if anyone needs a remote assistant, for RE/MF investing related tasks, I can dedicate 40 hours monthly towards something like that, in exchange for training/guidance.

Thanks!

Good Morning/Afternoon/Night!
Newbie/Wannabe Real Estate (MF) Investor here.  I've decided I'd like to offer "free" man hours (unpaid work) to someone who is willing to provide part time employment, in exchange for training, essentially.

At the moment, my career situation does not support completely moving/transitioning from my current industry (transportation), to RE, full time.  However, I have a burning desire to gain experience, work with/for current professionals, and begin this journey.  I can afford to allocate 70-90 hours of my time, monthly, in exchange for training/tasking.

The question for everyone here is...how could I word such an ad/offer, in an attempt to attract legitimate industry professionals?  Does this offer seem reasonable or likely to return good results and/or "real world" knowledge?  Any tips for vetting a potential employer?  I want to learn how to confidently analyze/underwrite small MF properties, strategic deal finding, property management tactics/scaling, and anything related to the industry/networking etc.  I am very much a "hands on" learner who enjoys being tasked with specific duties, especially repetitive ones.

About me: 32 years young, living in Orange County, CA.  Father of one, soon to be two.  Currently working in management, within the transportation industry.  Going on 10 years with my current company, working in three different departments, one of which I manage individually.

Any information or feedback would be greatly appreciated!

TIA

Hey there, long time wannabe (multifamily investor) here.  I've done plenty of reading, just needing to follow through with that action now.  

Curious to see if anyone knows about or can recommend any resources for analyzing deals, penciling numbers/cash flow, and key metrics relating to researching markets.  I am a hands on learner so being provided with work or tasks is how I typically learn best.

Any recommendations or advice would be greatly appreciated.  TIA!

Vending machines/locations can be very lucrative too.  Large learning curve for newcomers, but it's an inflation proof side hustle.  Most products have a profit margin from 70%-300%.  But selling the location is where you can make money fastest.  

Example: I secured a high traffic location, purchased two used machines ($3,200), operated the machines for 7 months ($250 avg. monthly net) and then sold the location, along with both machines for $8,850.00.  After factoring in a few repairs, it averaged out to be a bit above $920/monthly net.