All Forum Posts by: Pavlos Kasselouris

 I understand the stats, but I have also been told that a lot of franchisees get stuck and cant afford to bail out, and end up putting more capital.

I'm almost finished the book E-myth ( there is also a biggerpockets podcast with M.Gerber) and I'm really troubled with this.

I dont agree that success or failure is based on the skilled set of a specific individual. I believe it's a business and like any other business there are  a lot of factors, from marketing and sales, to effective operations.  I dont plan doing any repairs or renovation myself, no more than I do for my properties.

At the end of the day I just want to know if franchises work for others and if they believe its worth the investment, the same way we evaluate RE deals.  

What is your opinion on a handyman franchise opportunity? Is it worth the investment? I havent found yet someone that actually invested in a franchise and I'm concerned about a business giving royalties from gross profit. It doesnt feel good especially for systems that I can create.

I was thinking tieing this business in my general business model, but at the same time it will operate independently. 

 I was referring to Denise where she says that agents are claiming to know the areas but in reality they dont know them not so good. A REA cannot stire you to areas. So some are more open to talk about an area more than others, but generally speaking you will have to do your own due diligence on that matter.

Real estate agents are bound by the law, and have to be very careful about neighborhoods. After a while of previewing properties you will get a good feel anyway.

@Chris Shepard If you were a company located here in Florida I would apply for a job with your company asap! I think you have set some very nice goals, and will be looking closely at your venture so I can learn as much as possible! 

Stay away from properties that are unique! You can't go wrong with typical houses.

Location will attract certain category of renters, and according to that category you have to judge everything about a house. The cheaper the property the more tenant proof has to be.

One advice I can give you besides the location is that "kitchen sell houses", and that what I found when working as a real estate agent. And that goes for tenants too. They will pay that 10-15% more than market avg  for your property.

 Hi Ashley,

End goal is retire as fast as possible with the rental income. But because when "man makes plans, God laughs" I cant say that I wont create a small business out of this. I have what it takes to go either path...real estate, property management, construction, flipping...

I have a good amount of cash sitting from a cash out refi, and now I'm torn how to proceed. Currently I have 3 rental units, out of which #1 was successful rehab, #2 basic things, #3 turnkey . 

Scenario A: Continue purchasing cash flowing properties with my partner financing conventional 75% until I dont have any more downpayment money. Problem with this is that deal are very very few.

Scenario B: Go solo and find a flip through a wholesaler, work with a hard money lender, and then cash out refinance, go to the next one. Risk is a lot more, but also reward...

Scenario C: Do the same as B but with my partner so we dont have to use any lenders and be more comfortable with time. My only complain is that my partner is very slow-busy-not motivated as much...

I have a day job, but have people and systems in place to handle the project comfortably 4 hours away...