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All Forum Posts by: Paul Palo

Paul Palo has started 4 posts and replied 9 times.

Post: Three Pillars Capital Group - Experiences?

Paul PaloPosted
  • Los Angeles, CA
  • Posts 9
  • Votes 3

https://www.threepillarscapitalgroup.com/

Does anybody have experience with this syndicate? It seems that for your capital you are a "KP" or knowledge partner, which essentially a limited partner with more training offered. Looks like most of the investments made are for multifamily properties in the Houston area.

Post: Technology to find Rental History on a specific property?

Paul PaloPosted
  • Los Angeles, CA
  • Posts 9
  • Votes 3

Hi there - 

I was wondering if there are any tools / technologies out there that can find the rental history or estimations on specific properties?

Originally posted by @Brent Coombs:

@Paul Palo, so, you don't mind it costing you more money every month (on top of your $60k deposit), so long as you think that its IRR will outpace those losses in the long term?

Good luck with that.

[Are you sure you can get a 30yr fixed investment loan at 4.25%?]

And my guess is: it's market value, right? ie. Not really a "deal".

Also, I suggest: don't assume its exit cap would be higher than at entry. My 2c...

Sorry can you explain "you don't mind it costing you more money every month ..."

B Area with rents currently at $1900 but comps in the area show that they can be increased to $2,600 -$2,800.

In addition, how can put an accurate assumption for insurance?

Stockton Deal

Post: I want to wait for the next buying opportunity

Paul PaloPosted
  • Los Angeles, CA
  • Posts 9
  • Votes 3

Case Schiller is at its highest point in history. You can find rehab projects that offer value but be prepared to put in work. You are not wrong for waiting it out but you never know when that's going to happen. 

Post: How do I create a team with my SO?

Paul PaloPosted
  • Los Angeles, CA
  • Posts 9
  • Votes 3

@Chris Jensen I think you are actually spot on. We do have a little too much free time on our hands. That's amazing you are able to do what you do with 6 kids! I'm going to try and break out those activities. 

@Linda Weygant I probably do need to do a little more of the legwork upfront. She's got a lot on her plate right now needing to take care of a mom who has become sick and financially insolvent. I didn't realize the extent until recently and she still wants to help me. 

Post: How do I create a team with my SO?

Paul PaloPosted
  • Los Angeles, CA
  • Posts 9
  • Votes 3
Originally posted by @Andrew Johnson:

Paul Palo If she's not interested in looking at a couple of homes with you on a weekend you'll never get her "on a schedule" to work with you on a weeknight. There's a huge difference between "being supportive emotionally" and splitting the workload. It sounds like this is "your thing" so don't ask her to split the workload. She's neither a liability nor an asset, she's your SO. If you can't view her as an SO independent of her splitting the REI workload, that's really your issue. 🤷🏻♂️

@Andrew Johnson - She does want to get involved and I'm not asking her to share the workload. I guess I'm asking more of what strategies couples use to invest in real estate. I share my life and my finances with her and I want to include her because she has a great eye and great intuition. I value her for that, but I just want to know how others are doing it.

Post: How do I create a team with my SO?

Paul PaloPosted
  • Los Angeles, CA
  • Posts 9
  • Votes 3

I'm a new real estate investor and I'm trying to learn as much as I can at the moment. I also want to get my SO involved as well. 

She was very supportive when I purchased my first property, however there were many mistakes that we made during the process. I'm not viewing them as failures, but I'm trying to study up so the next purchase I make I can feel a little more informed and confident. I'm having trouble though as I'm viewing my SO more as a liability than an asset. 

Instead of going out to look at property on the weekend, we usually just watch TV or not do much. I'm staying late at work to do my research, because when I get home we just cook dinner and watch TV. I've tried to set some time up each night to do work on it together, but she doesn't like to be on a schedule and nothing gets done in the time set aside. I'm sure with kids it gets even tougher to find the time. 

I know a lot of these are just excuses, but I'd love to create a team so we could do this together. Has anyone else gone through this and what have you done about it?

I think that's not a bad strategy given the current market cycle. Unless you see something great pop up don't feel like you have to over bid.