All Forum Posts by: Ryan Zeisel

UPDATE TO INITIAL POST:

I have connected with some local investors who have a group of about 30, or so, here in the Fairbanks and North Pole area. If you PM me I can get you set up with the group.

@Daniel Iles

Great news! Tim Illguth has an REI group for locals. Let me see if I can send you the link.

@Terrance Ross

Absolutely, I'm an open book. Anyone is welcome to connect with me.

@Chris Kelly

Hey Chris, really sorry you're dealing with this. That would totally drive me crazy. If you're open to outside the box ideas, I have one for you. Some police departments allow off their duty officers to be hired for security jobs. You should look into whether you can hire an officer to walk through your problem unit and have his professional opinion on whether they are smoking in the unit or if it is a residual smell. It might be legal now, but it wasn't that long ago and they definitely have prior experience with these scenarios. If it his/her opinion that the smell is a result of smoking in the unit, it may be enough to have them sign something like a report saying it is their profession opinion that the tenant is smoking in the unit. You could then go to the tenant with the "report", of sorts, and let them know that you would have that for a court case if they wanted to take it that far.

Like I said, outside the box. Just if you are worried about them taking it to court. As for some of the others' comments, I think it absolutely does require your action for moving this tenant out. Even if it is a 50 to 100 unit complex. If every unit around this problem tenant can smell it in their own units, why wouldn't they move out as soon as their lease ends? In that case you're out a whole lot more money. Plus, you should absolutely not have to install different air vents. That's ridiculous, you're losing money just because they are lying to your face and won't stop smoking in the unit. If I rented an apartment and smelled weed in my bathroom everyday I would move out asap. I can't stand the smell, it's disgusting. Legal or not. And btw to the other guy who said they shouldn't have voted for it, if they hate the smell and are complaining about it, they probably didn't vote for it in the first place.

I personally don't care what people do in their own homes, but they are renters and it is in their lease agreement. It affects you. Don't be a push over.

I hope you are able to work it out!

@Dan Heuschele

Hi Dan, this is in reference to your son not wanting to go to college.

First I'd like to say, this isn't a bash on going to college and this isn't a bash on you. I just think maybe you would benefit hearing this from someone in your son's generation.

Your son sounds like a really intelligent individual and that's great, and from what you said it seems like he won't be able to do what he is interested in doing unless he got specific degrees in college. My initial plan after high school was to join AFROTC in college then join the Air Force as an officer. Plans changed, as they do very often with young people, and my interest turned completely away from the military to psychology. I wanted to be a counselor or therapist. I won't say it was the main reason but it definitely wore me down and it made me resent the idea of going to college, but one of the reasons I decided not to go to college is because every normal conversation I ever tried having with my parents, about anything at all, ended up being (not exaggerating) 30 minutes to an hour long lecture about how I need to go to college. It was like that for over 3 years. Just try to imagine if everytime you saw your parents they would lecture you for an hour about the same thing every day, for three years straight. Needless to say, I hated the idea of college. It was no longer something that filled me with hope about new opportunities, instead I dreaded it. The reason I say all of this is because you used words like "forced" when talking about making your son go to college. College very well may be the right thing for him, but I can almost guarantee he won't sign up and won't stay in if it isn't HIS idea. I know that sounds silly, but it's the truth. He will most likely drop out because going wasn't his idea. How many things do people stick out for years if they didn't want to do it in the first place?

If you really want your son to decide to go to college, the best thing you can do is tell him one time, "I will pay for blank for your first year if you go." Then never bring it up again. Also, don't do ultimatums, it will just make him go the exact opposite way that you want and it will most likely set him back like it did for me.

@Jeffrey Masessa

Hi Jeffrey, I'm 20 and my wife is 19. We both work the same job, neither of us have ever gone to college and only a high school diploma was required for this job. In fact I know multiple people in my job who don't even have that. I think everyone's opinion (who responded to you) is valuable and you can take some wisdom from just about all of them. However, my wife and I are living proof that a college degree is a huge waste of time if you are set on making real estate a career. Unless you see real estate as just a hobby or a way of diversifying your income, college now days is quicksand for your potential, and your money. Even if you are fortunate enough to have scholarships paying for 100% of college fees and tuition, your life for the next 4 years will still be consumed with memorizing information (of which 99% has zero real life application for a real estate investor). You most likely won't be able to hold down a well paying job fulltime while in college so you can say goodbye to 4 years of potential saved money for your first investment. Then right out of college you'll have to pray to God that there is actually a job, in your field of education, available- which is its own battle. My wife and I had started our real estate education just about a year ago and are now in the process of searching for our first investment property after saving money for just about 4 months. It is SO doable, especially if you are passionate and set on it. All in all, we've probably spent maybe $100 on our education through audible books and paying for a spotify subscription to listen to real estate podcasts. So what would you rather? One year and $100 education that is directly associated with your passion, or 4 years and over 40 thousand dollars for something that isn't guaranteed to help you in real estate?

Connect with me and I will go over our very specific numbers on what we are qualified for through a bank loan, how much we make, how we are saving and how we have been able to easily get to where we are just a few short months later.

What are the most important things to think about and research when analyzing/looking at foreclosures with the intention of going the brrrr method route?

What are the risks involved for a buyer with foreclosures that you don't run into with normal listings?

@Alexia Ned-Sowell

I'm very new as well, however I'm not trying to get into wholesaling.

I don't think you should ignore what Lydia was saying and I really don't think she was trying to be mean or belittling. I spent 5 months (30-40 hours a week on average) researching and learning as much as I could. That research came in the form of listening to podcasts while at work, reading the recommended books, talking to people on BP, running comps, looking and doing the numbers on

100s of properties in my local area just to get the practice, and Then I decided I was ready to start the process of getting my first property.

Now I have zero interest in wholesaling, nothing against it just not interested, but I still know the basics of that kind of investing. The reason I'm saying all of this is because, while this is definitely the place to ask questions, it definitely Isn't the place to be rejecting advice from bonafide wholesalers if that's what you want to get into. Even if you don't like what they have to say, you're going to be a very short lived and bitter RE investor if you only look at the bright and cheery "You've got this, nothing could go wrong!" comments.

I'm really not trying to be rude, the fact is if you really weren't sure or didn't know that you want off market properties for wholesaling- you aren't at the point (Yet!) that you should be putting your money into this. Spend money on education (books), not tools for actual wholesaling. Not just yet.

You might be thinking you don't want to get analysis paralysis, but there is nothing wrong with waiting 3-5 months just learning.

Scott Mac

We used to, but none of them passed through the quality inspection phase, so we were "let go".

You know the story of Rudolph? Yeah walking out of that toy factory as the other elves were laughing at us was much worse than what Rudolph had to go through.

That's why we're trying to get into Real Estate.

I'm thinking about doing the same thing, this is a relatively old post so have you by chance done it yet or no?