All Forum Posts by: Matthew A Rodriguez

Great advice concerning the legalities. Thank you Rondi! Something I need to conduct proper due diligence on and run by my RE attorney possibly. Ignorance is not bliss and can unfortunately destroy some unprepared and unsuspecting people.

Thank you Rob. I appreciate your thoughts. I'm sure the PM company I do land with will have me sign a non-compete agreement. I fully understand that. My goal is to become the face of the industry. I want to revitalize this slacking area of real estate and become an asset not just for the owners of the community but to every tenant that lives in that community. I've been a apartment dweller all my life and I see the lack of professionalism, dedication, and love for the job. I want to make a difference is what it boils down to.

I will try to keep this post/ question short and concise. My love for multifamily investing it growing every day. I love studying my market and sub markets. Analyzing deals. Talking to everyone I can about my love for real estate. I realize that property management will either be the bane or salvation of a solid investment deal. Because of this, I am opting to in-house PM rather than "out-house" property management( thank you Syrios Bros!). My goal is to not only manage my own eventual large portfolio of properties but also other investor's properties for a fee. I will transform the PM industry in my local market for the best. I will offer a superior service and build THE trusted name in PM first in my community and then all of the thriving surrounding markets. I will build a company synonymous with quality PM. I am earning my RE License this year. I will be going for my brokers license three years after obtaining my RE license per South Carolina law. I currently work a dead end job in the agricultural industry. I need to make a transition. I am strongly considering applying to a PM company in my area to learn the ropes. With so many bad companies out there, I fear learning the wrong way to do things in the industry. In your experience should I take the leap and do what I can to make the PM company I end up working for great while learning? Also, will the commercial lenders see me working a W-2 job and having a working knowledge of the industry as a plus and possibly sway them even more into underwriting a financially sound investment? Thank you in advance for your consideration and advice.

It is number 12. Yeah it is everything about wholesaling. I recommend every episode of the podcast. 

I was listening to Sharon's podcast today for the 5th time. This sounds along the same lines what she was saying. Maybe reach out to her. 2 things I recommend. 1- you are a problem solver. Not an investor. 2- never lie or even exaggerate the truth, Good luck!!!

Love to hear about the progress so far. I hope your still at it. 

In my calander!! Looking forward to meeting the BP family.

Go ask someone worth 100MM. Follow their(and others) model and don't reinvent the wheel. Take MASSIVE action to net 1 billion and if you fall short you will hit 100MM. Understand that only you can prevent yourself from making that money. Do what no one else will do (legally) to get the job done. Also find something sure and push all in. No diversification. Just some tips that I have received from people worth 100MM. 

If anyone has any recommendations could you private message me and point me in the right direction?

It is a good general rule to never let the phone ring more than twice. If someone is calling you IT NEEDS TO BE ANSWERED!!! Consider finding a friend that you can train on a script that is willing to answer 24/7 for a commission on every deal. Means you don't have to pay out right away and they get well paid out of what is produced. If they get even 1 call a day for a month its only 30 calls. If you close 1 deal a month for a average 5k fee and they make 10% on every deal they are making $500 for probably 10 hours of work. Most Wholesalers let their clients go to voicemail. Exploit this as your unfair advantage.