All Forum Posts by: Ronald Gladden

@Trey Knight We all can relate in some way or another. My W2 job is extremely fast past and vast in scope. I have learned to leverage that skill set from my W2 job to swiftly process information by compressing and extracting the content needed to make good sound decisions and take action quickly. The things you are doing to have success in your 9-5 are transferable as we move into investing. You currently plan, operate on a schedule and execute. Now add your actions needed to grow you business using the same baseline for your W2 and family.

Things I do:

1) 30 minutes to Plan Weekly task on Saturday since my work week starts on Sunday.

2) Review my task daily before bed and make adjustments if needed

3) Measure my progress on each task I committed to on Tuesday. If I miss can I replan and still hit the task by EOW. If not during my next weekly planning session I will re-evaluate the task and how I make it more manageable to be met within my schedule.

4) Ensure I’m creating stretch goals(task). Growth comes in discomfort.

Best wishes!

Has anyone attended one David Lindahl's live events? Can you share your experience and how it impacted your business? 

Hi @Johnoson Crutchfield, Sounds like you dove straight in! Congrats in many ways but another thought as I read your thread is was he ready? I'm a "learn as you go guy" too depending on the circumstances but I would like to suggest reading David Lindahls book Mulit-Family Millions. Now that you are an owner you will need to get educated quickly. From what I have seen in previous threads if you provide information such as: Purchase Price, ARV, CAP rates, NOI etc. and any other details from the deal then the members are able to give your more insight. Best wishes!

Hi @Mika M., I'm a newbie in this space as well but have spent probably >100 hours researching, reading, listening to BP, following the discussions boards and as mentioned by those more tenured many of those 2%, 50% etc. rules are not applicable in the MF space. You will need to be more granular in your due diligence. I'm reading Dave Lindahls books; Mulit-Family Millions and Emerging Markets. Finished MF Millions last week and now working on EM this week.  Always looking to trade thoughts, feel free to reach out. 

Wow! Thanks for sharing Brandon. Keep rolling! 

 @Matthew Paul Totally agree. 

@Khalid Naziruddin I have had similar discussions with others about since I am in a similar situation. If you were to utilize all or the majority of your cash your down payment on the first deal then what next steps look like to finance the next deal. The first deal would need to be cash flowing from day 1 and with enough ROI to finance a future purchase while continuing my day job. I'm spending time defining what my entry and exit may look like practicing analyzing deals. How many doors? What price per door? Cap rate if you are looking commercial, etc.

Cash is king! Sounds like you are confident in the how they obtain their income, if so sustain your current collection process. If you don't I would have  a discussion with the tenant about whether they can issue payment in another form and be prepared to change your policy for all current/future tenants? I personally have not been able to pay cash any where I rented. I would have similar concerns. Fair callout.  

@Robert Goldman

Good question. We all do something that we know we probably shouldn’t for reasons that are not in our favor but we still seem to make the decisions. Those unfavorable decisions become actual investors opportunities.

@Teresa Buchanan Will do, nice meeting you as well.