All Forum Posts by: Scott Morongell

@Julian Ramirez luna there are other operators who will get you better returns than going with cardone. To answer your original question, no I have not invested with Michael Blank. I have also never seen his webinars or investment packets so wouldn't be able to critique on that front. Vet in this order and you will have the best chance to make sound investments. 1. Sponsorship Team 2. Market 3. Deal  

@Robert Adams @Brandon Hall and his group as real estate focused. If you have a very small portfolio you may not be able to justify their costs...

@Matt Nettles there are so many GURU's out there today it's sickening. Half of them purely created coaching platforms so they can have bird dogs and capital raisers for themselves. I would ask them how much them bring in a year on coaching vs investments. 

Depending on how much time you have and flexibility I would honestly recommend working for a reputable investment firm. This could be in office or simply from home depending on what strengths you have. You will learn substantially more from a group who does deals than coaching. 

@Adam Adams I have decided to not join any masterminds to date. Why? I haven't stumbled across one that has truly been worth the money. I would much rather use the capital MM's cost and allocate it towards my own capital raising events / new networking opportunities.  

@Benjamin Mensah I would suggest finding someone local who has the knowledge and experience to leverage. Give them a piece of the deal that makes sense for their risk.

@Adam Brammer 5 or more units is considered commercial real estate. This is probably why you have had a tough time getting a loan. You will need to find a bank who lends on commercial multifamily product. 

@David Paez I'd focus where there are jobs being created in a larger MSA. Where there are jobs, there are also people. Markets such as Jacksonville, Orlando, and Tampa check a lot of the boxes for most investors.  

@John Pickowicz there are tons of members here on BP that exercise the syndication model. I'd first recommend reading through older posts related to syndication as it will answer a lot of the questions you probably have. There are also some good podcasts out there to listen to. 

@Shane Craig parking as a resident can be challenging but a great problem for an owner :) charging for VIP parking spaces at 10-15$/month divided by market cap will put a smile on your face. Paint is cheap. One of the biggest bangs for your buck when it comes to ROI.

I haven't seen too much in regards to smells but noise can certainly be an issue. One way to diminish it is to keep carpet and add padding under your planks on upstairs floors.