All Forum Posts by: Kyle Aaron Beiter Jr.

FB ads can be super effective if you know your target audience.  A couple tips about high-performance ad copy: 

1. Try to connect emotionally first. What problems will you solve and what is the risk if they don't get solved? To connect emotionally with your audience, Google the phrase "marketing empathy map." That gives you a sense of how the pros approach great advertising. 

2. To find out what keywords people search the most, use trends.google.com and compare the words you hear most in your industry.  

Hope that helps.

A family friend is selling their storage units that produces an income of $4800 with 2 acres of raw land.

Numbers:

Asking price is $750000

Taxes = $460/mo

Insurance = $140/mo

Income = $4800

Scenario:

Family friend is willing to do a contract where I would technically be an employee and trade my time for shares of the storage LLC. So there would be no down payment needed and essentially no risk. The only issue is that the numbers show the property breaking even at $500k and their asking for $750k.

Is zero risk and potential room to grow worth $250k?

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $215,000
Cash invested: $300,000
Sale price: $645,000

This was a duplex, which I turned into an Airbnb.

What made you interested in investing in this type of deal?

I wanted to try out the short-term thing, before getting long-term tenants in there, and that turned out to be a great decision.

How did you find this deal and how did you negotiate it?

I found this on the MLS.

How did you finance this deal?

Cash, from refinancing my primary home, combined with some savings.

How did you add value to the deal?

This duplex was in bad shape, so I invested about $75000 to fix it up.

What was the outcome?

It turned out to be a great investment.

Lessons learned? Challenges?

I kind of regret selling it, because I had great cash flow.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself.

Yes, about 82% of properties are matched to a person in DealMachine - you get their phone, email, age, birthday, income level, renting OR owning.

It is not about the contact information. Even if PS had 100% accuracy, it wouldn't matter.

It is about whether or not these people are motivated and I promise you 99.9% of these people PS will feed you are NOT motivated.

So you should be thankful you only have a 20% success rate getting contact info, because if they gave you 100% contact info you would go bankrupt MUCH faster sending all these people mailers.

Nothing can target motivated sellers, NOTHING can. They target YOU!

Hey Margaret,

I see positive cash flow is important for you. Have you dug into the PA, AZ, TX, FL, NC, and SC markets? I don't know them very well but I do know that finding positive cash flow today is quite difficult.

Usually folks are looking to the midwest when that's one of their main criteria. I personally like Detroit. I invest there myself and do a lot outside my own portfolio. 

I hate to overwhelm you even more but I'd really look at the Midwest market and see if that makes sense for your goals. I'm not convinced the areas you listed do right now.

@Kyle Aaron Beiter Jr. try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.

It depends on you to be honest.

I am strongheaded, stubborn, I think I am invincible a bit of ego, ... a person like me would never do a JV to get started.

But because of all those traits, I am also knowledgeable, my brain is trained to "figure it out", and I don't rely on anyone but myself.

That said, doing a JV doesn't imply you are in any way inferior. I have students, whom I trained them to get motivated sellers, and they JV'ed them.

And now they are rock stars.

There is a very interesting BiggerPockets Real Estate Rookie podcast that talks about just that.

Do a Youtube search for 

This episode talks about the "who not how" mentality.

Finding experts and leveraging them. 

He did a JV and he learned from an expert how it all is done.

I couldn't do that, but that is my weakness.