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All Forum Posts by: Luke Peake

Luke Peake has started 4 posts and replied 17 times.

Post: Recently moved to Austin

Luke PeakePosted
  • Posts 19
  • Votes 8

@Costin I. Thanks mate! Will check them out for sure. I was on meetup last night searching through real estate meetups to attend šŸ˜€

Post: Recently moved to Austin

Luke PeakePosted
  • Posts 19
  • Votes 8

@Ryan Kelly hi Ryan, to be honest I change my mind on strategy almost weekly and thatā€™s where my shortcoming is. Leaning towards buy and hold small multi-family though, with potentially house hacking (even though just signed on a 1 year lease).

Would love to come to your meetup - will DM you now!

Post: Recently moved to Austin

Luke PeakePosted
  • Posts 19
  • Votes 8

@Jordan Moorhead just PMā€™d you, thanks for replying

Post: Recently moved to Austin

Luke PeakePosted
  • Posts 19
  • Votes 8

Recently moved to Austin and ready to invest! Looking to network and meet other investors and potentially partner up on deals. Iā€™ve owned some properties before but definitely only a beginner in this market. Hoping to meet some like minded and driven people and talk strategies for 2020 so we can smash it out of the park!

@Bob Prisco ok great thanks for advise, appreciate it!

@Bob Prisco not at all promoting myself, if anything the opposite as being transparent on my shortcomings.

Unfortunately Iā€™m only fairly new to investing so I donā€™t yet have the network. I have attended a couple meetups but everyone I meet seem to be in the same boat and new investors.

For finding deals I donā€™t have people bringing these to me, unless I speak with real estate agents, however from my understanding any properties listed for on market already (and not off-market) are not classed as ā€œdealsā€? Then how (without the network) do I find off-market deals? All podcasts and books I read suggest building a list, cold calling and mail outs - which is what Iā€™m trying to do. They also do suggest building a network, which is also what Iā€™m trying to do.

Any suggestions or recommendations is very much appreciated.

@Ravi Singh thanks for the reply and advice, appreciate it. Any recommendations as to who to use for a VA or where to find one? Thanks again!

This feels weird for me doing this post but I think it's better I admit where I am lacking and find someone to compliment those weaknesses, and hopefully form a solid partnership where we can build a very lucrative property portfolio.

What I can bring to the table:

  • Extensive research and knowledge of real estate investing.
  • Analytical mind / software development company.
  • Have built my own custom CRM with literally thousands of MF properties, across SMF, MMF and LMF, as well as over 1,000 self storage properties. Most of these have owner details.
  • I am a digital designer and have already built own investment website, business cards etc.
  • Have made a spreadsheet of the most recession proof markets around the country, based on population, income, median house prices (and lots more factors) - most of these markets across Texas, Colorado, South Carolina and North Carolina. My list of properties are mostly in these regions.
  • Already have hundreds of postcards printed for mail outs.
  • Substantial savings for downpayment.

Why am I looking for a partner?

I tried to cold call people, I did it for a couple weeks, it was ok. But it's time to admit it's my weakness. I am a computer guy, so mostly prefer email and other digital forms of communication. I want to find a partner who is willing to pick up the phone and hustle, and I know that is not where my strength is. I want someone outgoing and extraverted who would spend the time calling potential sellers from the CRM I have built.

My CRM has thousands of off-market properties. Ideally I want to find a large MF (50+ units) in a solid market. However, medium MF properties, and even small MF is of interest to me. Just want to start building a solid portfolio with hopefully cash flowing properties.

The partner should also have investment funds ready to go, and we would equally source off-market deals and invest based on a split partnership arrangement.

I am located in Los Angeles, but soon may be moving either back to New York, or to Austin / San Antonio. Ideally would like a partner nearby so we can bounce ideas etc, however can make it work if it means jumping on a calls and then just meeting at prospective properties.

(As I write this post I am in Austin. I just spent 2 days driving almost street to street around San Antonio, then some towns on my way to Austin, now Austin, next Charleston and surrounding areas. As I go I am marking suburbs and streets which are appealing. Fly back to LA on Tuesday.)

Please go easy on me - I am a bit nervous doing this post!

Hi to everyone in this thread! In "research phase" and Buffalo and Rochester are high on my list, are there any deals left or do you think I have missed the boat on this market? Looking for duplex / triplex or smaller MF's with good rental returns - any recommendations on a good agent would be very much appreciated! Thanks in advance!

Hi to everyone in this thread! In "research phase" and Buffalo and Rochester are high on my list, are there any deals left or do you think I have missed the boat on this market? Looking for duplex / triplex or smaller MF's with good rental returns - any recommendations on a good agent? Thanks in advance!