All Forum Posts by: Kenny Kuramoto

I understand where you're coming from, but the quality of these newbie questions are horrible. You get their whole life story before getting to the point. KISS keep it simple stupid!

 I frequents the forums at least 3-4 times a week I read statements like that all the time. I don't disagree about with your opinions and prices in Cali but like others stated the first one is the hardest. It's about developing the correct mindset then taking action. 

How many properties have you walked this year? How are you running numbers? How many offers have you made? Are you search off and on market? That's action. 

@Kenny Kuramoto So much constructive advice given here. 

The best you can do is stay hyper LOCAL. If you want to invest and buy in SoCal focus on that. Follow discussions revolving around your market. As a mid west investor I don't read and use my TIME researching Florida. The numbers don't make any sense. The ARV's, rehab budgets, and strategies don't match what we're trying achieve.

You can literally get a degree in REI from this website. it's quite obvious but the format of these forums steers you to newer/tending posts. Use the search bar and read older post (from your market). You'll find quality discussions about rentals, tenants disputes, evictions, or cash-for-keys from the experts in these forums.  

@Kenny Kuramoto check out some of the blogs on here too and the enormous amount of free educational content. The forums only go so deep and can only answer specific questions. Don't ask how to make money generally on here and expect a great answer. I recommend you put together a thesis and ask specific questions that you can have answered by those more experienced.

I'm almost glad this site wasn't around when I got started.  All I knew is I wanted to get started in multifamily.  So I looked to see what multifamily was out there.  Saw an 8 unit.  I had enough for the down payment so I bought it.  I fixed it up a bit, raised the rent, sold it, took the profiles and bought a bigger one.

Fast forward and I have a lot of units

I think if I started on here I'd have been obsessed with reading forums, podcasts, online calculators, etc.  Where as without that I had to just think "Hm, my debt is going to be $x, rent should be $y... yeah, this'll work" and that was that. 

Don't over think it.  It's not that complicated.  There is one item that makes up 99% of your income (rent).  Then there are a small handful of items that make up most of your expenses.  Don't worry about hitting a home run on your first deal.  Just get something.  The first one is always the hardest. 

@Kenny Kuramoto I can't speak for you but ive spent the last 3 years learning stuff about real estate investing and there's still beginner articles that come out that give me an idea or lead me to a better or different thought process

Not sure what you’re reading but the general advice I always give is to invest where you live or where you know and stick to your personal investment criteria. There are a Million ways to make money in real estate no one can tell you what way is right for you. It’s up to you to figure that out and seek information to help you along your journey.