All Forum Posts by: Peter Eberhardt

Finished a home inspector course and in the middle of a real estate one? And now asking about multifamily? 

Unless spending money on courses is your definition of "figuring out what is best for me", why all the different courses? 

Taking action, even buying a SFH, is 10000x better then spending all this money, learning all this stuff, and doing nothing. Don't trick yourself into thinking you are making progress when in fact, you are not and just on the hamster wheel of "learning".

Feel free to reach out if you would like. After buying and renovating a 4plex I am now on my way to becoming a operator in the multifamily space and found a good mentor that is helping me learn the ropes.  

Hey all! 

So far, I have plans to attend the Pay it Forward Mastermind in April and Michael Blanks Deal Maker Live event in June.

What events geared towards Multifamily this year are you planning on attending? Looking for some others to add to the calender. 

 I didn't see registration was open yet, did you have early bird access because you went to BPCon last year or maybe I looked in the wrong place? 

Study up on AB 1482 as you will inherit a problem. Lots of people have had experience but you can only get good solid info from simply calling an attorneys office. They will also have the most up to date info on how backed up the courts are. Many factors go into timeline, could be anywhere from 90 days if everything goes smoothly to 6 months or more. 

 @Kenny Simpson, you and Rose and the rest of your team have been awesome so far in helping me with my current debt projects! I take it you also do commercial lending? What about construction loans, do you broker those as well? 

Also, congrats on closing your recent Multifamily! 

It is absolutely possible to get half your rent covered if not more with a househack here, more likely if you get a distressed duplex and take a few months to fix it up yourself. I bought a condo in El Cajon and have 60% of my total expenses paid for by my roommate. Keep in mind that when I bought it 5 years ago only 40% of expenses where covered but I have increased his rent a little bit. 

I could increase it to market which would be 80% coverage of monthly obligations but I am a nice guy. Point is, make sure to factor at least 3 years into the future with your UW, just because it doesn't pencil now doesn't mean it won't in a year or 3. 

Also, MTR is where the good and easy money is at right now if you do not want a LTR

 This is literally the worst and most negative post I have ever seen on a BP form. Shame on you. 

Hell yeah! Congratulations to you and Kenny! 

@Anderson Bigate Nogueira thank you for your .02, and I have heard of all those groups. I take it you are apart of Sumrok because you are in the same area or are there other reasons why you picked that one? I would be most appreciative if you are willing to talk a little bit more and I will send you a DM.

 @Charles Seaman thank you for your response! I am definitely the latter. My mind is very prone to paralysis and I only look into something enough to know that I can and want to do it. Then I do it. Head first into the fire was the only way I was able to go from not knowing what real estate investing was to closing on my first deal in 9 months. 

and if I was a experienced syndicator, no I would not want to train someone from scratch either. I consider myself "from scratch", is that wrong? Because I do know what I consider to be the "basics of vanilla investing": I know how to underwrite a 1-4 unit property, I know how to analyze a market, I know the ins and outs of hard and private money, I know what framework of a house looks like, I can bring a SFH to the studs and back, I feel confident I can flip or BRRR a 1-4 unit in any market and find the team to do it.

But I am "from scratch" because I haven't done a syndication or underwrote a 100 unit deal, I am learning a ton a day but again, doing and taking action is much better for me personally. So would you say a good place to start would be to reach out, find a GP that needs help with something I can help with and hit the ground running?