All Forum Posts by: Meghan McCallum

Another point, many federal employees were vets. It's very difficult to get hired into positions with the fed gov if you were not. So, those Fed employees you don't have compassion for were in Iraq, Kuwait, and other war time missions. They are incentivized to stay on as a fed employee. So, stop talking about them like they are garbage. They serve you! 

That doesn't make them overpaid, lazy, and all the things I have heard them called or alluded to on this thread. 

This shutdown effects all the private companies who have contracts w the government. They have employees. They go out to eat, watch netfix, spend money...

If you listen to what I'm saying nad you take a long look at your business and make some tweaks to make it resilient and nothing comes of it? Great, you have a stronger business for it. You completely ignore me and tell me to pound sand...you can give yourself a name.

You hear what I'm saying, tighten up your business, and the sky does fall? Then I'm the smartest person in the world. I'm hoping you all create COOP (continuity of operations plans). The government has enacted them...emergency personal only report to work. No new projects funded. They aren't paying their bills and the president has threatened the use of declaring a National State of Emergency to force the wall to be built. Then he doesn't need congress.

I care about you guys. Get your business battle ready. Pretend like its 2006 and you know what's next. I'm not saying sell it all. Just, don't think everything is fine and ok because flippers, wholesalers, and turn key providers need the calm to continue. 

@Account Closed     and to the rest of you who are opposed to those with experience sharing their feelings. Hyperbolic thinking is how a majority of our decisions are made. Then we back them with "facts" to further support our personal biases. 

I WAS a federal employee who WAS NOT PAID the last time they furloughed people. I was INJURED ON THE JOB and because I was no longer available for emergency work I was forced to use sick time and vacation to keep a paycheck coming. For me, I was lucky that I banked time. I never got my time back. I was not an investor. I lost the time I had saved to stay home when my first daughter was born. 

I am tell those of you out there who are looking for more than opinion, but experience. My experience has me concerned. My connections are saying 'THERE IS NO END IN SIGHT". You can't base what HAS happened on what WILL happen.

It's never gone on this long. Both parties are begging to temporarily open the gov't to maker a few moves so it can function. It hasn't happened before, everything that happens next is thus, unprecedented. 

For those of you who like facts tho, Americans employed:

Fed gov 2.7M

Walmart 2.2M

McDonalds 420K

feel free to learn the rest below

https://ipfs.io/ipfs/QmXoypizjW3WknFiJnKLwHCnL72ve...

To those calling people idiots on here because you don't like what you hear. I'm sorry. This business isn't about the number of units you own, flip, how many courses you've sold to unsuspecting newbies...none of it. It's how you treat risk. That's this business. Good luck out there. This is just my lifelong experience and knowledge. Take it or leave it. There are PLENTY of people who should be making moves and plans and DO NOT WAIT. Its better to over prepare than to tell people like myself and others  who have THRIVED in a bad market. 

There is no space for **** talking on here. 

My guess is he is racing to build a portfolio to sell to a REIT which means he'll walk away with a **** ton. especially if he sells it to himself and then he sells it to a REIT.

Like exit strategy when it worked so well on the way in.

Buyer beware and read all 200+ pages of his PPM

You guys. I apologize of someone else posted this earlier but...THIS IS A PROBLEM. I look at it this way. Everyday the gov't is shutdown it adds 1% greater chance that will create a drastic shift in our economy! The US government is our largest employer. This is going to effect us all. It will be the memberships people canx or default on. 

I'm very uncomfortable in our position as an American let alone an investor. This may be a great wealth grab.  I'm very spooked.

I was in his mentorship program last year. I paid attention. If anyone is thinking about investing w GC passively...you just need some better exposure to deals. I have a large number of friends and high level business partners that would NEVER go a quarter without an investor update. A conscientious operator will often give monthly updates...even if its just pics, plans, or promises. It's an investors kind of HGTV...we want to see our beautification. It also help comfort people. If I took 100K off your hands wouldn't you be just slightly uncomfortable...just a little? 

It seems like he let his plan slip and another friend of mine who is syndicator caught it too. He bought a property with HIS cash then sold it for a $25M premium to his investors. He DID not disclose this...when I realized what he did...and yes...gave 7% with his 35/65 split I was floored. 

He broke his word throughout the program, when things would fail he'd laugh it off and make another rule like, "No Negativity". Well, that good and all...but...then anyone who expresses any discord with his message he'd put down. Never engaged in conversation. Controlled every second he could. It was sad that by day two of his conference I realized that he had been near me so many times and I didn't care to turn around. 

His conference did have value...but not in his conference, or message, or investment ploys.

The people that follow him are passionate! Many have become great friends of mine. But, if you love being sold constantly, then being high pressured into EVERYTHING. 

After studying him it was often that I saw him do and say things that lead me to seeing that he has a scarcity mindset. The same for the guys who talks about all the units he controls (when its really a company you work for...owned by a number of people you've never met). 

We are about to see a **** show in multifamily investing. I know people who are COACHING syndications and have never done one. They are speaking at conferences. People are also investing in their projects. 

Grant is opening up his investments to non-accredited investors because (I'm hoping) the accredited AND sophisticated investors are the ones are walking away. People trust what they know. But, the trend is personalization, connection, and balance. This is where business is going in the next 3-5 years. If you are looking to invest, find someone who will allow you to get to know them, who communicates with you (I raised a measly $45k and the borrower was instructed to give us monthly reports because we know what our investors want, he almost ruined the relationship when he didn't follow through and raised his voice at me telling me that my investors don't know what he knows). My investors are normally other real estate investors who want a better deal, with better treatment, cause no one should be reduced to being a faceless number unless they want to be. Some syndicators are inviting the investors to learn along their investment.

Moral of the story, take your time finding the right operator. The right team can raise a diamond from the dirt, a **** team could ruin Rodeo Drive. 

Note the factual number of posts removed. Most likely inappropriate, but NUMEROUS. That's not normally a good sign. Maybe, just maybe...they were expressing...negativity?

Unless you like NLP being used on you.

@Jay Hinrichs- This is very strange. Just yesterday I had a weird thought come into my head. It said, "I wish I could be on a Board so I could use everything that I know to help lead and guide others beyond real estate." I thought that was strange and I let it pass.

I would be honored and humbled. 

How and when can I get to work? Thank you for this opportunity.

Jay, I just want to mention this, I remember where I was when I listed to your podcast. I was driving in my car headed east to Chicago. I remember listening to you talk about land valuations and knowing about the prices of timber. Growing up and predominantly living in the city all my life that moment you shared opened up my mind to see that there is money everywhere. Its how I saw my scarcity mindset melt...and it made me realize how little I've known about real estate investing. 

I just wanted to say thank you. (and I am now very nervous that I quoted the wrong podcast)

@Steve B. AND TO EVERYONE ELSE... 

*** Sorry, this turned into a rant***

@Russell Brazil  is ABSOLUTELY RIGHT. Now you all have a friend that was a lowly under paid employee. I made $75K a year and I have a masters degree from the University of Chicago. I interned at one of the greatest Emergency Management Companies and I have every but three certifications you could have in the fire service. NO PUTTING US INFRONT of the camera when we were working 5 days straight on mandatory work is what allows the administrative employee forced to work those 80 hours and not get paid for all of it be seen. Abuses should be seen and dealt with. Don't worry about getting paid on time. Worry about getting paid. Period.

The gov't can stiff you. The gov't can steal all your funds from your retirement...all in the best interest in the nation. When something breaks...screaming "NOT FAIR" won't keep your property from going into foreclosure. Only the property owners who have paid off their properties should worry that little.

Oh yeah, to the  mathletes out there my $75 k was based on 144 hours worked. I made $17hr. 

We don't do it for the money. I don't know another person who can say they were Obama's medic on his motorcade, I was in the Middle East Theater's War Room in Kuwait in 2005, I was the Incident Commander of the world's only Nuclear Waste disposal site in the world...that may or may not had radiological releases happen. 

I left a municipality making $65K working 54hrs a week and took a paycut. 

You get a much better view of the world and how it really works if you are smart and keep your eyes open. 

I love this site. I love how everyone come in and shares. But, when you have people who have been investing for as many years as Russell...I'd be asking more questions than being the first one to try and have facts that none of us obviously have.

IF YOU DON'T HAVE 6 mos of reserves...you may want to figure out how you will get it.  I have shut up the past two years...I've learned to listen. If I believe what a wall street insider tells me. I listen. When it starts lining up with what and who I know. I ask questions. Guys...its gonna get weird here. 

My prediction based on all the directions I have been advised:

-get yourself prepared for a rough few financial months...

-the gov't is going through a major NON PUBLIC set of inquiries as they are afforded to do behind closed doors when it comes to matters of military crimes, or matters of national security

Get your house in order, if not for this...then because you have a messy house. Don't be over leveraged. Don't be trying to rennovate 10 properties a month if you can't eat it all. If you want to throw advice to preach from a soap box and you haven't had real estate hand you your *** at least once in your life...you're a greenhorn...shhhhhhhhhh! No one needs to buy your real estate "education" videos. But, most of all...let those who should lead...lead. Here-say will just make you crazy. And no one knows enough to put all the puzzle together. 

It was mentioned that the shut downs don't last long. Not true. Fed employees will get back pay. Not true (totally). I worked for the Fed gov durning the last shutdown. People were furloughed. Emergency responders were ordered to work. We were short a number of firemen bc of budget. We had guys working 5 24hour periods straight. Ordered to be there. then one of and three on. Abuse like that occurred for a long time. I was injured ON THE JOB w a broken foot and they wouldn't pay me. I'm not afraid of Section 8. The guys who are REALLY gonna get hurt are the areas around bases (DC/MD/VA) who have high paying non-essential personnel living in nice housing. Anyone living check to check is about to panic. Mom and pops in these areas could really get hit hard.

I suggest if you have ANY tenants effected by the gov't shutdown that you send a notice to them all setting the way YOU want to move forward with this. You will see their problems before they do. If you are in a state that doesn't handle evictions quickly, HAVE A PLAN. They aren't leaving willingly or open to cash for keys. They have no where else to go. If you (the real estate professional) can see the problem coming then finding the solution will make you $. 

Wall Street is talking. Some are saying its going to be a messy messy couple of months! Here's to selling season!! 

Calling it a QRP is marketing that's just further confusing people. The internet is just full of noise and you can normally tell who is behind the product when someone talks about it. 

If anyone wants to reach out to me on a PM I'd be happy to point you to in the direction the custodians can't point you to, how to find deals to invest in that the operator is underwritten as heavily as the deal. They are not my deals, they are deals Also, there is so much greed from syndicators right now! I mean Grant Cardone is giving 7% pref returns and keeping 35% equity after wholesaling deals to himself. AND he brags about it! People eat it up. They think they are getting a great deal. It's sad. I'm also concerned about the "I read a book and now I'm syndicating" "or flipping" "or raising capital" or I'm brokering off market deals and you are not a broker. YOU CANNOT TAKE A PERCENTAGE FEE of a sale of a property if you are not a broker/agent. 

@Derrick Wallace you know...you can have a simple side hustle producing income. You don't need to be self employed from an LLC. This is what I just wrote about in a piece I submitted for publication on how the Gig Economy presents new opportunities to the middle class investor. This is exciting stuff, but, its still available on a limited basis due to 1) some of the custodians popping up are advising on things they don't completely understand 2) We have found that most banks are confused and tell people they can't invest the way they want to because banks can't sell them anything they want (real estate) 3) Its not how we've done things in the past 4) THERE IS NO EASY BUTTON (working on it) that takes a person from education, to product, to investment opportunity. Until there is we won't see a general "buy in". But, there's $28+ Trillion dollars sitting there deserving better investment opportunities.