All Forum Posts by: Nick Bennett

@Marc V Palmeri Thank You!

I look forward to crossing paths in the future!

@Enis Shehu thank you, and that is encouraging to hear! I’m glad to see you and your partner building a successful business and helping our neighborhood! I’d love to connect with you both at some point and work together! I saw your schedule for the next event- I won’t be able to make that one but certainly look forward to other opportunities to connect!

Talk soon

@Bob B. thank you! I loook forward to updating it over the next 12 months!

Hi Himanshu,

I'm speculating, but it doesn't sound like you've put enough time in to learning first. The track as I know it goes like this, or at least it should. Some of these are happening simultaneously.

1) You find yourself wanting to get involved in real-esate

2) you need to educate yourself on the many different techniques, or as you feel your way through you realize its overwhelming and you want to just pick an easy way but you realize you still need education.

3) You need to find which method of REI sounds appealing/within your means (maybe you have money but not time, or time but not money, maybe this is your primary income or a side hustle...) You path can only be selected by you and your situation and your passion

4) you educate yourself further on the "Method" and how to mix and match methods you're passionate about/ start networking at live events with people who do similarly

5) you begin market research/ establish a budget/ ideal property type

6) You go see these properties and use them as learning experiences

7) you execute the plan

There's a lot more, this is a 50,000 foot view that I'm sure subsequent respondents will add to.

I've shared a link below to my post, its lengthy, but for a reason. You wont find the answers your looking for in a couple podcast/webinars and a book and then a post asking for direction. It's going to be a collection of all these things compounded over time. It's how much you can cram in to your brain multiplied by the amount of time that you do it for that will get you an answer, and a result. I highly recommend reading "The Slight Edge"

https://www.biggerpockets.com/forums/12/topics/671...

@Courtney Rollins keep us posted!

@Bernard Sims keep me posted what you find out , I’d be intereste to hear!

@Seth Williams invite sent I’m very interest to talk with your lending partners and would be extatic to reference you!

I look forward to the next event and meeting with you I will be unable to attend tomorrow!

We are looking to connect with an investor friendly GC in South Shore and Cape Cod area.

Lets say a service area from Rayham to Mashpee ideally

Has anyone had a chance to work with any such contractor? House projects ranging from a full gut, electrical plumbing some framing. To already gutted to the studs. 

I understand contractors are some of the most value and not many like to share, but if you're an investor who can't keep your contractor busy, maybe we should partner.

Look forward to your help and connection!

Terri,

I think what you are referring to is the ROE....(return on equity)

It's taking your total cash + projected equity totaling it up and saying ok....you're going to generate x dollars. Example- 

Purchase price of 100,000 and you put 20,000 down. That's 20,000 equity. If you rent it and generate $200/month in cash flow, your return on equity is 1% (200/20,000). The only two ways to increase this ratio is increase the rent or drop the equity. The equation is meant to show you how to maximize your cash/equity and cash flow ratio.

See the post in the link below for a better description. I think your answer is going to be DROPPING how much cash you put in, not increasing it.

https://www.biggerpockets.com/forums/311/topics/671643-my-first-investment-deal-or-no-deal