All Forum Posts by: Luis Orts

JOSH BOOOOOOOM!!!! Brother, this is gold. That's a great first step. Thanks for the advice!

Josh,

Thanks for your speedy reply... two things...

1) I'm familiar with BRRRR.... but my credit isn't the very best!! I tanked it when I first started Revitalize... Should I consider this same strategy with Private Money? I'm just not sure how to structure deals that make sense, since of course I've never done it.

2) I don't do the construction myself, I'm just a sales/marketing guy who understands project management and I have the crews readily available... I feel like the deals where I would win the most are the larger multi-family deals, which I'm not afraid to chase... I just don't understand the mechanics behind it all 100%

BIGGERPOCKETS!!!! WHAT'S UP!!

I've been on the site for a few years (since I was 20, now I'm 25.) but really feel overwhelmed with all the information flowing through the internet on Real Estate Investing, specifically with Multi-Family Investing.

Right now, I'm currently the proud owner of Revitalize, a Commercial General Construction and Facility Maintenance company in Houston, Texas 

I've been doing this for 4 years and feel that my team of 25 is moving up, but a lot of my resources are tied up in this company trying to grow..

Here's the thing.... I want to create FINANCIAL FREEDOM. But I don't have a whole ton of capital available for investing (YET).

I understand, very well, the following things:

1) Team Building

2) Marketing

3) Sales

4) Processes

But I'm having a hard time grasping Real Estate in general... I'd love to start syndicating Apartments that have deferred maintenance or need a management revamp.

I kind of understand the process....

1) Find a deal

2) Analyze the numbers

3) Make an offer

4 or 5) Walk Property and create assessment (ROOM BY ROOM) / Raise Capital?

6) Close

7) Revamp

What should be the next step for me?

I do have a budget for Marketing and would be willing to hire a VA, but I feel like I should get my feet wet first...

Any suggestions would be AMAZING!!

- Luis "MR. REVITALIZE"

Hey brother, GREAT WORK!!!

Share your process, and document it. Not only will it do the community some good, but it will certainly help you see on paper where you messed up and or did exceptionally well.

Once again, good job, and congrats!

Dustin - Awesome spreadsheet man!! This was a helpful thread :)

Gino, I've been looking for a solid analysis tool... could you share that with me as well? Thanks ahead of time!

This is a great post! I'm actually reading The Book on Flipping Houses by J Scott!

It's a great read with tons of viable information.

Well Mr. McGinnis, I agree!

I think that as Real Estate Investors, we're out there buying properties in our markets to solve problems most people wouldn't! So I'm enjoying the feedback! Thanks!

Hey, thanks for your responses!

I'd love to hear what anyone else has to say!

What is it that you look for when flipping homes?

What are some of the BIGGEST green flags when you consider a home?

What are some of the BIGGEST RED FLAGS when you consider a home?

I'm looking forward to hearing all of your opinions!