All Forum Posts by: Rene Hosman

Welcome to the forums, this is so great I see questions about design all the time and I've personally experienced the design paralysis myself. If you have a minute, upload some of your past projects to the "deals" section of your profile so people can see some of the work you've done. Even if it's not real estate you've bought or sold, you can use that section to highlight some of your talent on different projects :)

Are you only doing in person design in SC or do you offer virtual design too?

Hi Rene! Thanks so much for your reply and advice. I will definitely upload some of my work to my profile (didn't even think of that!).

And I do offer virtual design as well. Happy to chat further if you or someone you know may be interested to learn more!

That's great! I can't wait to see your work, tag me when you get those uploaded so I can see :)

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Charleston, South Carolina

Hey Ellie!

Are you only doing in person design in SC or do you offer virtual design too?

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Charleston, South Carolina

I would agree, speaking with a LOCAL lender who understands the area would be your best bet if you're having a hard time finding comps then an appraiser is also likely to have a hard time

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Salt Lake City, Utah

Former FBI hostage negotiator and bestselling author Chris Voss will be delivering a keynote at BPCON2025!

What aspect of his presentation are you most looking forward to?

1. Learning negotiation tactics I can apply to business partnerships

2. Hearing real-world hostage negotiation stories and their business applications

3. Understanding the psychology behind effective communication

4. Discovering how to get better deals through tactical empathy

5. Getting his insights on handling difficult conversations

Get your ticket today and use code Welcome25 for $25 off the early bird fare!

2 Votes

Come grab a drink and network with other local investors plus some of your favorite BiggerPockets Authors, Devon Kennard, Grace Gudenkauf, and Amelia McGee!
Whether you’re trying to buy your first rental property or your fiftieth, you’re in the right place. BiggerPockets real estate meetups are a fun, intimidation-free way to meet and connect with local investors in your area. No specific real estate investing strategy or experience level is required—all are welcome!
We'll mingle, discuss hot topics like how to make today’s market conditions work for you, and so much more! Your next partner, lender, agent, or real estate-obsessed friend will probably be there!
Reserve your spot now 🍻

Venue: Arizona Wilderness DTPHX | 201 E Roosevelt St, Phoenix, AZ 85004
Tickets are free but registration via meetup.com is required to attend the event

By registering for this event, you acknowledge that your email address may be shared with BiggerPockets and any supporting sponsor of the event.

1 Vote

Phoenix, Arizona

How are you feeling about filing your taxes this year? Maybe you feel prepared and ready to go. Maybe you're already set and filed. Maybe you're feeling a bit behind and avoiding the mess of bookkeeping that piled up.

No matter how you're feeling, BiggerPockets flash tax books sale is happening NOW from Feb 25-27th. Pick up your copies of Amanda Han & Matt Macfarland's Tax Strategies books or get the Guide to Self Directed IRAs from Kaaren Hall!

Check out the sale here

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Are you ready for BPCON2025? Early Bird Registration is NOW OPEN!

🎉 EXCITING NEWS: BPCON2025 early bird registration is live, and you do NOT want to miss this opportunity!

What Is BPCON
BPCON [The BiggerPockets Conference] is the premier annual gathering for real estate investors, bringing together industry leaders, seasoned professionals, and newcomers to learn, network, and grow. Since 2019, this immersive conference has been the go-to event for investors looking to scale their portfolios and achieve financial freedom.

Why Attend BPCON2025
BPCON is not your average real estate investing conference. We offer a unique, tailored experience, providing actionable strategies that are relevant to your specific goals, whether you're just starting out or already managing a multi-million dollar portfolio. Our focus is on cutting-edge strategies and an action-oriented approach, ensuring you leave with a concrete game plan, not just outdated information and notes.

What's New for 2025

Event App: Easily manage sessions and schedule
Targeted Session Tracks: Personalized recommendations for your investing experience level

Incredible Keynote Speakers:
Two of our Three keynote speakers have been announced.

🔥 Chris Voss
"The Master Negotiator” & Author of Never Split the Difference
Learn high-stakes FBI negotiation techniques for real estate deals

🏆 Dave Meyer
Head of real estate investing at BiggerPockets
14+ years of experience in real estate investing
Expert in housing market analysis and investment strategy

Venue:
This year BPCON will be held at the legendary Caesars Palace in Las Vegas. Book your room through our discounted booking link and get automatically entered into an epic prize draw.

Event Details
Date: October 5-7, 2025
Venue: Caesars Palace, Las Vegas
Check out our agenda at-a-glance to help plan your travel days.

How to Register
Visit biggerpockets.com/conference to secure your spot and unlock exclusive early bird pricing! Register now, and we’ll notify you when the full session catalog is live.Pro Tip: Book early to guarantee your place and take advantage of the discounted rate.
See you in Vegas!

#BPCON2025

7 Votes

Hi There! The zoom links are going out today for all who are registered so don't worry you haven't missed anything!

As for the cost of the ticket I'm very sorry but I'm not able to help with anything membership payment or ticket related I just don't have access to any of that info but the support team should definitely be able to help with that question [email protected]

I'm also attending Mometum so I look forward to seeing you there tomorrow!!
Rene

0 Votes

@Sami Gren Happy to help! What if any property management software are you using right now? And are you using that software to collect rent?

For example I use RentRedi and offer that as one of the options for my tenants to pay rent. Do you offer anything like that currently?

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Quote from @Leslie Beia:

Quote from @Rene Hosman:

Quote from @Leslie Beia:

Hi All!

I've been investing for 5 years, combo of BRRRR, Airbnb, and flips, near me and out of state. I listen to podcasts and read books and have absorbed a ton of information over the years, so I'm familiar with numerous strategies, at least in concept. This year, I'm partnering with my sister, who is in a miserable corporate job taking her nowhere. But she has the W2 income and around $500k cash she's able to deploy towards our goal, which is to reach 'financial freedom' in 5-10 years. For me, that looks like around $15k/month income (and I'm starting from very little- long story). I have her figuring out her FI number, it's going to be a lot more than mine, but she also has a substantial 401k. So I'm thinking a good target will be around $30k/month to replace both of our incomes and live how we want to live, respectively.

We both live in MI and my current plan is to invest in single- and multi-family in solid, path-of-progress neighborhoods in metro Detroit, and also get some larger SFH's in the more expensive market where we live and do rent-by-the-room/co-living. We have a very severe affordable housing issue here! We are both committed to re-investing any cash flow back into the asset to snowball equity as quickly as possible. I like MI because of our climate, which is relatively stable compared to much of the country. I think our cooler climate and fresh water resources are going to attract a lot of population in coming years, especially as CA/FL become impossibly expensive for many people.

I'd love feedback and advice from those of you who are well ahead of me. I've resisted long term rentals, but am finally accepting that this is the most boring but solid way to create wealth. I am definitely focused on appreciation over cash flow. I am planning to BRRRR in DET and do turn-key up here as we are so short on labor. Are there other pathways I should consider, based on my goals and experience? I'm going to be doing all the research and execution, and I would self-manage the co-living at least the 1st year or two to learn it. Regular LTR's in DET would be fully managed. I love doing flips but I don't often see enough spread in DET and again, labor is too scarce up here to make it viable. It's exciting to have capital, I just want to be very careful and strategic. Thanks in advance for any insight!

Hi Leslie! This is a great question to start with, I appreciate that you mention you're familiar with many strategies in concept. It's funny how you can fill your mind with education and then when the moment of truth comes and you have to decide it can feel paralyzing in some ways.

Educating yourself is so important, and I think that the general education of listening to the podcast can serve as a great foundation. But when you're really ready to put rubber to the road you have to start being more active in your education, seeking out specific information and really thinking through what that would look like for you. Versus just listening to whatever topics are on the pod that week. That's the real difference that will allow you to make educated decisions.

First let me say I agree with @Greg Scott - starting with 500k is quite a bit different than 25k or 50k and should be treated as such. Secondly, I would like to point out you do not need to spend 500k in one place, at one time, spreading yourself too thin is a recipe for disaster.

Many investors if they make a mistake can recover as long as they took risk proportional to their tolerance and income. But for most investors, recovering from that mistake may take some time to rebuild. You however have the luxury to take a couple big swings and be able to recover and repeat what worked much quicker.

Ultimately no one else can make this decision for you, and it sounds like it's you driving the decisions for both yourself and your sister. Here's a couple practical steps I'd recommend to help make your decision:

1. Read Start with Strategy and do the accompanying workbook. I love how practical and concrete this book is about evaluating options and making a decision. I was stuck in analysis paralysis for 10+months and then I read this book and no joke had my next project under contract within 3 weeks. Now that project is done, I'm re-reading the book to evaluate where I am now and what step to take next.

2. Depending on when you see this response, I think Momentum 2025 could be a perfect fit for where you're at right now, it's a weekly 8-week virtual series going over all kinds of RE topics with the pros, there's time for Q&A and also everyone will have access to small accountability groups to network and bounce ideas off one another. This session starts next week on 2/11 (recordings of sessions will also be available to participants). Message me if you're interested as I have an offer I can give you!

3. No matter what strategy you choose, you could choose to offset some of your active investing income with passive RE investing through Syndications or private money lending. I would definitely do more research into both as they can be lucrative niches in the investing world. PassivePockets.com has a free 7-day trial to go look around and chat with others who are actively investing in syndications. Lend to Live is a great book on the topic of private money lending, and Devon Kennard is also someone I follow closely who has a private lending business.

Thanks! I want to be clear that there is no intention to spend all that money quickly, or even all of it at all. I just mentioned that number because I know it expands our options, and I don't want to limit my thinking to just what I'm already familiar with. That said, I'm comfortable with the BRRRR strategy, I understand how it can help us build net worth and also limit the actual cash in and therefore risk to her. So I am probably not going to shift to a whole new strategy, but build upon the skills I've developed to do better deals. I would like to start thinking about a good next step, in 5 years or so, where we put the equity we've created to use in more passive assets. For now, I'm mostly focused on identifying the right markets. This response is a shift from what I originally posted I know- I spent all weekend down the rabbit hole and have clarified my thoughts a bit, which was what I was looking to do when I posted!

That's great, I'm so glad you went down the rabbit hole and got some clarity on what you want!!

When you think about your eventual passive assets, what are you thinking that will look like?

0 Votes

Detroit, Michigan

All Forum Posts by: Rene Hosman

Rene Hosman has started 40 posts and replied 355 times.

Post: Interior Design - Charleston, SC

Post: Interior Design - Charleston, SC

Post: ARV in a area with very few comps

Post: What are you most exited to hear the FBI negotiator Chris Voss talk about at BPCON?

Post: Phoenix AZ: BiggerPockets Community Meetup + Author Meet & Greet

Post: Are you feeling ready for taxes this year?

Post: Get early bird tickets for BPCON2025 now!!

Post: Momentum 2025: Virtual Investing Summit

Post: received a notice that tenant trying to send rent so an App

Post: $500k to Invest, What Would You Do?

Rene Hosman has started 40 posts and replied 355 times.

Biggerpockets Logo Post: Interior Design - Charleston, SC

Biggerpockets Logo Post: Interior Design - Charleston, SC

Biggerpockets Logo Post: ARV in a area with very few comps

Biggerpockets Logo Post: What are you most exited to hear the FBI negotiator Chris Voss talk about at BPCON?

Biggerpockets Logo Post: Phoenix AZ: BiggerPockets Community Meetup + Author Meet & Greet

Biggerpockets Logo Post: Are you feeling ready for taxes this year?

Biggerpockets Logo Post: Get early bird tickets for BPCON2025 now!!

Biggerpockets Logo Post: Momentum 2025: Virtual Investing Summit

Biggerpockets Logo Post: received a notice that tenant trying to send rent so an App

Biggerpockets Logo Post: $500k to Invest, What Would You Do?

Post: Interior Design - Charleston, SC

Post: Interior Design - Charleston, SC

Post: ARV in a area with very few comps

Post: What are you most exited to hear the FBI negotiator Chris Voss talk about at BPCON?

Post: Phoenix AZ: BiggerPockets Community Meetup + Author Meet & Greet

Post: Are you feeling ready for taxes this year?

Post: Get early bird tickets for BPCON2025 now!!

Post: Momentum 2025: Virtual Investing Summit

Post: received a notice that tenant trying to send rent so an App

Post: $500k to Invest, What Would You Do?