All Forum Posts by: Melanie P.

There are sources to obtain the financing you want to buy more property. But is it worth the hassle? You start by mentioning your age... you'd need everything to go just right for the rest of your life to make, best case, $400 or less additional each month net cash flow. Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt. I think you run a real risk of your second rental eating up the profits you're enjoying on the first one. Two doors doesn't provide any sort of scale to make the cash flow more predictable. i would think hard if this is really worth your time, money, and effort...

Congrats. When are you moving?

Chicago has great suburbs to invest in. There is no reason to invest in Ohio if you'll be living in Illinois. 

The massive wave of illegal immigration has added to competition for housing. Without question. it follows that if you could deport 5.5 million people quickly, or even incarcerate them pending deportation, that it would ease pressure on rents, housing prices, availability, etc. In my opinion, this will not have a major effect because new immigrants, legal and illegal, will always outpace deportations. 

In my opinion a number that is positive at the end of the year is "good cash flow."

Real estate takes time and scale to produce reliable cash flow. Some of our units that lost money the first year or two of ownership, after 35 years produce more than their purchase price in positive cash flow every year. Even once you have a unit going well a huge repair or tenant default with inadequate CapEx reserves swiftly returns it to negative cash flow.

What is the target acquisition price and how much capital do you have ready to deploy immediately? Please summarize your real estate experience.

 Justin - 

I'm not the one making false claims, you are. In fact, the whole of my experience with you is that most of the things you say in connection with the "investments" you are peddling turn out to be lies. For example the first text on Goodin Development's web page says:

"We build premium, market rate communities throughout Indiana and help busy professionals invest in real estate, without the hassle of having to analyze properties, manage tenants, or deal with any repairs."

1) Where has Goodin Development built or are you building anything whatsoever? Can you show a single building permit from any time, ever, that indicates Goodin Development has ever completed or is working on a permitted project?

2) You say "throughout Indiana." Where specifically in Indiana has anything been built? Does Goodin Development have offices or assets located anywhere else in Indiana other than where you live?

3) You help people invest without the need for them to analyze the underlying properties? Please explain. Are you licensed to recommend investments (i.e. financial advisor, broker, dealer)? What qualifications do you believe you possess that would make you a good candidate to advise others on the quality, safety and performance of potential investments?

4) What happened to Next Level Equities? How come shortly after questions were asked that you could not or would not answer the website disappeared from the Internet? Did you have any investors there at all? If you did, do they know how to reach you now?

If what you're doing is so wonderfully pure and I'm just too stupid to understand your mastery of the industry why do you have to constantly lie, mischaracterize and misrepresent to raise money? Certainly even someone of your intellect must understand that if you're lying all day in order to promote investments that you do not have a sustainable business model. You make it so easy, you're so obvious, one need not travel further than the second sentence on your web page to find the first lie -- you may find yourself being accountable over silly practices and small dollars. Meanwhile, others who had boiler rooms, or several of you (money bundlers -  aka "fall guys") will emerge unscathed. 

You should estimate th property value using recent sales data. Having an idea of the appreciation is an important part of keeping score. Knowing where you actually stand enables you to plan the next one with greater certainty. 

I love that this boiler room clown, Dutch "da loser" Mendenhall, titled his book Money Shackles then used it to put himself on the road to a real set of shackles. Totally out of control. Total loser.

Living in a great travel destination like Sonoma you should consider a duplex or triplex and operate the other unit(s) on AirBNB, VRBO, etc. You'll achieve a higher ROI. Your partner is right there if you need to fill in for an absent cleaner or resolve a guest issue.

Another benefit is that you won't be around long term tenants who know you own the property, resent you for it and place unreasonable demands on you since they feel like they know you. Every guest is a stranger.