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All Forum Posts by: Shaun Ortiz

Shaun Ortiz has started 15 posts and replied 41 times.

Post: New to Buffalo REI? Share Your Tips!

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26

What advice would you give to someone new to real estate investing in Buffalo?

Post: Structuring A Deal

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26
Quote from @Andre Brock:

I use creative financing pretty often  when you mention “overhead” you mean how much it takes to get into the deal? Sometimes you can get into these deals no money down but really just  depends on the seller and the situation.


i like to take title and sell on lease options that’s been my bread and butter. 


Thanks for sharing! I'm really intrigued by your approach to taking title and selling on lease options. Could you break down a specific example of how you've done that? I'd love to understand the process in more detail.

I have a few more questions about your strategies, and I'd be interested in discussing them further. Would you be open to connecting via private message?

Post: Structuring A Deal

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26

What are some creative financing strategies you've used in your deals? I have been trying to find different ways to structure deals that have more flexibility and less overhead

Post: REI Investment purpose and vision

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26

What’s your long-term vision for your real estate investments? Are you focused more on passive income, flipping for profit, or building a large portfolio?

Post: REI Location Pros and cons

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26
Quote from @Shaun Ortiz:

If you could invest in any market across the country, where would it be and why? I’m always curious about the factors that make people decide on specific markets.


 Hi Everyone,

I've been reading through the market recommendations, and it's interesting to see Columbus, OH consistently mentioned. It definitely sounds like a market worth exploring further.

I'm always keen to connect with experienced agents and investors who are passionate about real estate. As a bird dog, I'm constantly researching markets and identifying potential off-market opportunities. I'm especially interested in learning more about the nuances of specific markets, and the strategies that work best for different investment goals.

If you're interested in sharing insights, discussing market trends, or exploring potential collaboration (I am a birddog), feel free to send me a private message. I'm always open to connecting with like-minded individuals.

Thanks for sharing your valuable perspectives!

Best regards,

Shaun

Quote from @Deven Ziertman:

Finding the right partner for a 16-unit deal without family/friends? Best approach:

1️⃣ Network – Attend real estate meetups, forums & investor groups.

2️⃣ Private Lenders/Accredited Investors – Consider JVs or equity partnerships.

3️⃣ Strong Deal Positioning – Highlight upside (cap rate, rent growth, minimal capex).

4️⃣ Professional Referrals – CPAs, attorneys, and consultants can connect you with investors.


Hi Deven,

Just wanted to say I really appreciated your straightforward and practical advice on finding partners for 16-unit deals. Your breakdown of networking, private lenders, deal positioning, and professional referrals is spot-on.

It's refreshing to see such clear and actionable steps. I especially like the emphasis on strong deal positioning – highlighting the upside is crucial.

I was curious, have you personally partnered on a deal of this size using these strategies? If so, any insights or lessons learned you could share would be incredibly valuable.

Thanks again for sharing your expertise!

Best,

Shaun

Quote from @Taquana Hudson:

Hello is it necessary to have Property Management and Accounting Software for landlords? if so what software would be recommended as easy to use? 


Hi Taquana,

Yes, having property management and accounting software can be incredibly beneficial for landlords, especially as your portfolio grows. For ease of use, I'd recommend looking into Buildium. It's known for its intuitive interface and comprehensive features that cover both property management and accounting needs.

Beyond just managing rent collection and expenses, software can be a game-changer for streamlining your entire real estate business. Think of it as your virtual assistant, keeping everything organized and accessible.

Here are some ways you can leverage software to enhance your real estate operations:

  • Portfolio Management: Track all your properties in one place, including tenant information, lease agreements, and maintenance requests.
  • Business Relations: Use CRM (Customer Relationship Management) software to manage your relationships with investors, contractors, and other key contacts.
  • Data Analysis: Utilize software to analyze your financial data and identify trends, allowing you to make informed investment decisions.
  • Automation: Automate tasks like rent reminders, late fee calculations, and financial reporting, freeing up your time for more strategic activities.
  • Communication: Software can help you communicate efficiently with tenants through email, text, or online portals.
  • Document Storage: Keep all your important documents securely stored and easily accessible in the cloud.

The right software can significantly improve your efficiency, reduce errors, and provide valuable insights into your real estate business.

I hope this helps!

Best,

Shaun

Post: REI Location Pros and cons

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26

If you could invest in any market across the country, where would it be and why? I’m always curious about the factors that make people decide on specific markets.

Post: REI Challenges Faced

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26
Quote from @Emran Chowdhury:

@Shaun Ortiz 

One of the hardest parts was changing my out of state property management company to a new one. If you are not self managing, you will need to make sure you have top notch PM from the start. If you are few thousand miles away, and want to transition from one PM to new PM just over the phone - that's really difficult.

But as I said before, nothing is impossible if you are resilient enough to make things happen. Good luck!


Thank you for sharing your experience with the property management transition. It truly highlights the challenges of out-of-state investing. I completely understand how difficult it must have been to manage that process remotely. Your point about securing a top-notch property management company from the outset is invaluable advice.

I'm very interested in learning more about your investment journey, particularly your experiences in Knoxville, TN. I'm actively working to connect with investors in that area and would appreciate the opportunity to hear more about your preferences and insights.

Would you be open to exchanging a few private messages to discuss this further? I'm eager to learn from your experience.

Thank you for your time and willingness to share.

Post: REI Challenges Faced

Shaun OrtizPosted
  • Remote
  • Posts 44
  • Votes 26
Quote from @Emran Chowdhury:

The mindset is the most important thing in real estate investment.

Every problem has a solution, this mindset shift helped me stay in the game for a long time. The people who fail in real estate do not want to go through the troubles.

There were lot incidents like evicting tenants due to non-payment, talk to contractors over the phone for two straight hours during travelling, handling neighbors complaints about noise to name a few. But that's what you get in real estate investment & make most of the money.

Dear Emran,

Thank you for sharing your valuable insights on the importance of mindset in real estate investing. I completely agree that a problem-solving approach is crucial for navigating the inevitable challenges that arise. Your examples of tenant evictions, contractor management, and neighbor complaints truly illustrate the hands-on nature of this business.

I'm particularly interested in your experience and was wondering if you might be willing to share a specific instance where you faced a particularly significant, "make-or-break" challenge in your real estate journey. A story about overcoming a major obstacle could provide invaluable lessons for someone like myself, who's eager to learn and grow in this field.

Thank you for your time and willingness to share your expertise.

Sincerely,

Shaun