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All Forum Posts by: Rob McCollum

Rob McCollum has started 1 posts and replied 4 times.

Post: How to scale as a new investor and buy back time

Rob McCollumPosted
  • NJ
  • Posts 4
  • Votes 0
Quote from @Aj Parikh:

Hi Rob, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties. There are also abundant opportunities for small multi family andSFH. I have been able to scale up to 12 doors in 2 years so definitely recommend this area. Feel free to reach out and we can discuss.





 Would love to learn more.

Post: How to scale as a new investor and buy back time

Rob McCollumPosted
  • NJ
  • Posts 4
  • Votes 0

Thank you for the reply and insight! From my initial call with the company it sounds like I’d be buying the properties, putting in the renovations, and then have the option to  sell to someone who would want a turnkey or I could keep the property and his property manager can help to find tenets. From there they can help to to connect me to a hard money lender to refinance and buy another property.  The advantage I see is having someone with the connections to help me through this process, especially out of state since NJ doesn’t seem the best to invest in.  I just want to make sure I’m seeing this through the right lense.

I have capital (~$140) to invest, and I’d like to scale that as quickly and efficiently as possible to eventually pull away from my W2 job. Open to any other suggestions as well!

Post: How to scale as a new investor and buy back time

Rob McCollumPosted
  • NJ
  • Posts 4
  • Votes 0
Quote from @Nathan Gesner:
Quote from @Rob McCollum:

I don't know Antoine, but I do know that you have to be very careful with turnkey providers. They make money by purchasing below market, renovating, and selling to investors. They make money by managing for you. And they make money with their construction crews. At no point in the process is there an outsider cross-checking them, making it very easy for them to take advantage of the investor.

If you can find an honest provider, I think it's a great option for getting started. I would really do my homework to ensure they are 100% legit.


Post: How to scale as a new investor and buy back time

Rob McCollumPosted
  • NJ
  • Posts 4
  • Votes 0

I have a well paying job, but it's very demanding of my time. My goal is to invest in real estate to eventually displace my W2 income to have more flexibility with my time and more time with my family. I live in southern NJ have about $140k to start off with. I'd like to invest close to home, but I understand taxes here will eat away at my cash flow. This has led me to looking into an out of state BRRR strategy to scale quickly. I found Antoine Martel that has a turnkey business investing in the Midwest. I've also seen some people caution against turnkey because you would be buying the property at market value with a tenant who's occupancy is uncertain. If I work on the back end with Antoine and buy these properties through his network, put in the capital to rehab, then have the option to sell or hold/rent, wouldn't this remove that concern? To me the advantage is having a network of people to work through out of state and a mentor so to speak with being a first time real estate investor. Would love some feedback and thoughts on this strategy or others that may be better considering my goals.