All Forum Posts by: Kevin Christensen

@Greg Grant Hell yea brother! Congratulations!  I am so excited to see how it turns out!  Maybe throw some before and after photos up here for us?  If you are anywhere near Delaware and need a hand with renovations, let me know!  I'd love to help if I have time.  Good luck man!  I'm sure it will be the first of MANY!

BP Members,

I just joined the group a few days ago after listening to the podcast.  I am absolutely thrilled with the amount of knowledge and how helpful everyone is here.  I am 36 years old and I live in Delaware with my wife of almost 18 years and our three kids.  I own five successful retail businesses and still have my full time job as a computer programmer of sorts for a major security company.  I am an avid hockey fan and an insanely hard worker.  My business partner and I have been considering real estate for about 5-6 years now.  I think we are finally ready to start making moves in the next six months or less.  Today I had to resolve the home inspection issues listed on the home I'm selling that my wife and I just moved out of in August.  I built out all five of my businesses myself, almost entirely myself, and did a full renovation of my previous home to get it ready for sale.  But never before today have I been as confident that I can do this investor/landlord thing until now.  I fixed a whole pile of issues from a new expansion tank, to replacing electrical breakers, to fixing slow drains, all in under an hour.  Nothing was hard, but I approached every task with confidence and knocked them out quickly.  I am absolutely ready to start my journey and I look forward to making connections with as many of you as possible.  I hope to be active on the forums and help where I can.  

I was a Marine from 2000-2005, 2621 - Intelligence.  My background is generally computer skills, leadership, organization, optimization, and most recently, pretty much anything carpentry related.  I've done floors, doors, electrical, counter-tops, etc.  I cannot wait to choose and purchase our first investment property.

I hope everyone has a productive and valuable weekend!

Thanks,

Kevin

@James Masotti I live in Smyrna personally. But I’m willing to travel a bit if needed.

@Richard Sherman I appreciate it man. I want to learn every day. I’ve been very successful in my retail business by never being too important to get dirty and never being too smart to ask for help. I plan to keep that mentality in my real estate journey.

Hello BP, I am in the pre-investment education period of my journey. I would love to shadow a local investor doing multi-family deals. I am incredibly handy from websites to drywalling. I have a full time job and some after work engagements weekly with my kids but I have usually two or three evenings a week that I would be available to help out a local investor in any way I can. Completely FREE. I want to experience the business and what it means to be a landlord and I’m happy to put in some sweat equity to earn your conversation and mentorship. Please send me a message if you’re interested. Thanks so much! Kevin Christensen

@Chris Mason That's not a bad idea.  I've got no problem with compromise.  We wouldn't have lasted this long without it.  Thanks man.

BP,

I am in the education phase right now.  I am consuming every drop of information I can via reading, blogs, podcasts, YT, etc.  I am ready to move forward with my first property as soon as the first of the year, maybe sooner if we can close within 30 days around Christmas time.  My issue is, my spouse is not driven for long term goals like I am.  She wants to enjoy our money that we've worked hard for, while our kids are young, and make memories.  To her, that is more important than long term wealth.  We aren't promised tomorrow.  Before anyone clowns about finding a new wife, we've been together almost 18 years and she is my best friend.  No amount of money is worth losing her.  With that said, have any of you gone through this type of struggle early in your real estate journey and overcome it?  I am not worried about getting her involved.  I am worried about her being friction in between me and MY goals.  She is super supportive of my mindset and my goals, she just doesn't support things that cause time to be taken away from family stuff or money to be hoarded that could be used for memories.  I really appreciate everyone's feedback.  

Thanks guys.  I really appreciate all of the feedback.  @Matthew G. I grew my business slowly and then expanded.  But I also built it out to not require much of my time, so time is an asset I have a lot of currently.  I definitely understand bigger risk, bigger mistakes with a larger unit.  I was planning to buy a quadplex, but I've recently felt after listening to PodCasts and YouTube that running a much larger 30-75 unit property wouldn't be too much harder than running a quadplex.  Especially since either way I plan to get a PM and do it mostly hands off.  These are long term plays, not  quick cash.  I'm super excited to have found this group and can't wait to know more and meet many more of you!

@Steven Smith I would be real iffy about that if all of the units are already rehabbed.  That means you can't really force appreciation, which tells me you are basically tying up your money for a slow equity leak that you have to contribute to.  You could probably use that money much more effectively on a break even or slight cash flow property.  Imagine what happens if you're tying up all that money, plus 200-300 per month and something breaks in the near future? Now you're REALLY putting out fires with cash.  Doesn't seem like a great deal to me, but I'm basing that on just what you've said here.

@Abraham Anderson I am also in talks to pick up a mobile home park.  You said your 5k/mnth isn't due until the current lease is up in 7 years, but what about the 15% income split? When does that become active?  And does that scale down as the second owner (of the houses) sells them off to tenant owned?  This is a really interesting deal and I'm super curious to see how it turns out for you.  Thanks for sharing.