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All Forum Posts by: Kohei Hayashi

Kohei Hayashi has started 5 posts and replied 16 times.

Post: First BiggerPockets forum post!

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

Hey David! Your story is super relatable. You've got your priorities straight, putting family first and I think it's great to hear that you have a vision to make an impact on other people through your business. I'm sure we'll face challenges ahead, but enthusiasm and energy can make up for a host of our shortcomings.

Glad to have you here in the community!

There's a Princeton professor named Ed Zschau that talked about an idea he calls "leaving footprints" during an interview between him and Tim Ferriss, the author of "The 4-Hour Workweek". He said, 

"I'm not able to change the world alone. I said, 'My goal in life is to live a life that matters'... but I can better achieve my goal leaving footprints with you feet, so that's why I do what I do."

He felt that the best way to go about making a difference in the world was not just to teach his students lessons, but to share stories with them, to guide them during their time together, and to show them to live life on their own terms. Each student that he changed the trajectory of might go on to help their own students lead better lives, and so on and so forth, each successive generation might be impacted by him. I think it's an elegant way to think about the legacy we all have the potential to leave behind, but the effect isn't something that we can immediately measure and see for ourselves. In your case, maybe each of those people you mentor take their financial success and parlay that into meaningful causes that impact other fields. They could go on to take on the role of the mentor for others as well and pay it forward. 

If that answer isn't satisfying enough, then I think it'd be best to model those who already have influence in the information age. The people who are the most influential are those that have a valuable message, a compelling story behind them, and a medium that conveys that to a large audience. Great writers can do it through books and blogs, while others use podcasts, videos, websites, in-person conferences, etc. Brandon Turner made it happen combining pretty much all them. You seem like you already have something in mind.

Post: Starting My First Real Estate Deal Journey

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

Welcome to BP! I'm currently in Texas and will eventually be in Nebraska. What cities or markets are you currently looking into in these states? And any reason why for these states in particular?

In most books involving flipping, the authors usually bring up hard money as an option to help fund your deals early on in your investing career because they are focused on the hard asset. I was under the impression that because they are focused on the property, they don't usually care much about your credit score. However, I came across a fix and flip loan that looks a lot like a hard money loan, except that they have minimum credit score requirements, liquidity requirements, and reserves requirements. After some Googling, it looks like these are two different types of loans. They're both asset-based but one has more underwriting.

I'm interested in the fix-and-flip loan if the additional requirements will end up giving better loan terms. Does anyone have experience using fix-and-flip loans with these additional requirements? How did their terms compare?

Post: Ecstatic beginning investor!

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

Welcome man! I hope to see you around, active on the forums. It's always great to see others taking steps to take control of their financial future!

Post: San Angelo RE Agent Recommendations?

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

Wow, I don't know how I missed that email. I checked back in yesterday and this morning, but it looks like I just overlooked it. Thanks for the prompt responses! I saw you on both the Facebook group and on BiggerPockets so I wanted to reach out to you first before I made a post. 

Post: San Angelo RE Agent Recommendations?

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

Good afternoon folks! Recently arrived in San Angelo and I'm looking to connect with local agents who also invest in real estate. Before I start calling different brokerages and teams for who in their office would be a good fit, I wanted to see if anyone on BP had any recommendation. 

Anyone in the area know any exceptional agents who are well connected, have experience investing in real estate themselves, and are detail oriented in their work?

Post: First Flip Complete!

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

Wow! This was your first investment property? Incredible. It looks like you handled all the problems that came your way like a champ.

In the finance portion of your post, you mentioned you were able to find an amazing partner as well as a private investor. I'm curious, how were you able to meet them? Any tips for building rapport with these folks? Unless it was just natural charisma of course..

Post: Tools for Business and REI Documentation?

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

Good call, I tend to jump the gun, asking too much, too soon, without enough context. The core of what I'm curious about is regarding documentation. I guess if I were to just ask one thing it would be, "What medium do you use to document your business systems if that's even something that people do?"

Post: Tools for Business and REI Documentation?

Kohei HayashiPosted
  • Omaha, NE
  • Posts 21
  • Votes 18

With the way my brain is wired I like to have a moderate amount of organization and structure. Real estate investing clearly requires a wide range of skills to be successful. From what I can see so far, the acquisitions process alone involves marketing/prospecting, deal analysis, making offers, negotiating, etc. When I think about rehabbing, financing, property management, and other aspects of the business, it can feel a bit disorganized.

I may be getting ahead of myself here by thinking about documentation and systemization, but I'd like to have some kind of mental framework regarding how to think about the different aspects of real estate and how they relate to each other so that I can have a bit more structure in my thinking. 

I'm curious, what technology or tools do you use for organizing, documenting, and tracking your business processes? Just folders and documents on your desktop? Google Drive? Physical forms or charts? Mind-maps? 

And how might it look different for a well established company vs a small team vs an individual investor?