All Forum Posts by: Lyle McCartee

I have yet to do my first, but I'm close to tje "launching pad." Understandably,  I imagine the goal for most seasoned investors is to automate the process of how you acquire, maintain,  and/or sell off your properties.  I would think that a property management company plays a big part in this process. For you more established investors,  what do you look for when shopping around for a management company? Do you use several different companies, or do you put all of your properties under one company? I'd also like to ask the last question again,  however  apply the topic of insurance to the answer. I appreciate all of you insight.

Greetings all,

Wondering if any of you more established investors with an established LLC, or sole proprietor structure, utilized any of the resources from the Small Business Administration or SCORE. What was your experience like, and how long did it take you to get you biz loan after all the paper work? How long before you were up and running?

I've started to fill out the applications,  and get everything in order. I'm also using the sequential steps they have listed on sba.gov.

Any input and advice is much appreciated. Wishing you all prosperity, Lyle

"I work too hard to be this poor!"

Hi everyone,
My name is Lyle and I live in the "Live Music Capital of the World," Austin, Texas! I read this on Linkedin once. I didn't say it, but I certain can appreciate the impactful meaning of it. You see, over the last few years, I've come to appreciate more and more what my time and energy in life are spent on. Several months ago, I was sitting in my favorite pub downtown watching the Denver Broncos on a Sunday afternoon, and somehow, the age-old question of, "Where do you want to be in 20 years?", popped into my head.

The short answer is, I want to retire in Costa Rica on the Pacific coast! As my mind began churning of how to get there, I realized for the first time ever that it wasn't going to happen on the path I'm on right now! In fact, I received a WHOPPING 2% raise from my employer in June. When I did the math of what that equates to, it amounts to ONLY HALF A PAYCHECK more, per year. I'm pretty good at stretching a dollar, but that is definitely not going to get me to Costa Rica.

As of this past weekend, I took a three-day real estate investing course where I learned acquisition strategies, closing techniques, building capital to fund deals, and TONS of marketing strategies and planning! I can safely say that I am comfortable in pursuing my first deal. Wanna know what kind of deal it is??   .....Ready to have your hair blown back?    .....It's a REFERRAL!!   (OOOOOOooooooo!!!!)  BUT IT's A START!!

Joining this community on BiggerPockets.com is the best decision I've made in the last 5 minutes. (The other was taking off wet shooes and socks.)

I can't wait to connect with you all and learn from the best in the biz! I wish you all great prosperity now and always!

All the best,
Lyle McCartee