All Forum Posts by: Matthew Baltzell

Real estate is a relationship business. People will hear this and often forget it. I would recommend you check out a book called The Power Connector by Judy Robinett. This book will help you to develop contacts and add value to in the correct ways to help you move ahead in business and life. 

@David Smith I would look for news articles about the area, see if anything is happening in the area. 

Maybe there are developments you're unaware of.

What type of property is this?

@Jason Thomas I would suggest  a camera and signs stating this area is under surveillance.

Can people climb a wall to get access to the dumpster? If so, you could put up barb wire in addition to the camera's.

@Gabriel Lopez What are you good at? 

Are you great with numbers?

Maybe you can bring help raise capital?

Sweat Equity?

Numbers person?

Point being. Real Estate is a team game and everyone has a strength. Find yours and then double down on it. 

Go to meetups and begin to network with people. Add value the their weaknesses. 

You'll grow a lot faster that way. 

@Shannon Richardson welcome to BP. 

Investor = People. 

You need to be able to put yourself in a situation where you have access to more people, wether it's a meetup, mastermind, charity event, etc. 

You work until 9pm, correct? 

Let's think outside to box here. 

9 pm in New York means it is 6 PM on the west coast. You both are getting off work at the same time. 

You could create a digital meet up. Schedule it at 10 PM EST.

You'll soon have access to more people. Now they may not directly invest in your deals, but you'll have 'people equity' which will lead to more networks and more money. 

or

Create a newsletter and tell everyone about all the deals your finding, but lacking the capital.

These are just two ideas, feel free to reach out if you'd like some more help. 

Hello BP,

Establishing an investment criteria to purchase a property is a key step to becoming a successful real estate investor.

Saying "I want a cash flowing property in a good area" will not cut it. 

You need to be absolutely CLEAR on what YOU want!

NO Investment Criteria = NO respect from broker 

Get your investment criteria TODAY.

For the next week (ending March 25th) I'll be offering my services as a real estate analyst pro bono "free of charge". 

Don't hesitate. 

Email me NOW!

Cheers,

Matthew Baltzell

www.boardwalkwealth.com

[email protected]

@Colin Merrill What is your overall goal? Do you want to scale your business? Are you just simply wanting more time?

These are the questions I'd be asking myself. 

Also, where are your properties? Are they close together? If so, hiring a PM could be more cost effective. 

Hi @Andy C. congrats on your purchase. U da man! How many units is your property? Also, when you bought the property, did you have an exit strategy before hand or are you trying to implement one now?

@Brian Daugherty I get my information mainly through brokers and reports. DM me and I'll send you one your way. 

I agree with @Frank Wong you wont be able to get an accurate answer. A broad answer would be it'll very from market to market. You could pay $70k a door for a nice area or $10k a door for some place in the sticks. 

With that said you wouldn't want to take the metric of $70k a door and compare it to a different submarket. 

Try and compare apples to apples. Not apples to oranges:)