All Forum Posts by: Shiloh Lundahl

@Corby Goade I agree with you that everything you need to know is already out there and that you could get that information if you researched it and studied it. 

At the same time, I look at coaching like how my wife makes banana bread. There are the ingredients, and then there is the recipie. With only the ingredients, I'm going to have to try and fail several times until I figure out the right proportions to make it come out as good as she makes it. Or, she could give me the recipie and even show me how to make it. The chances are, if she shows me, it's going to turn out great and I won't need to go through several trials in order to get it right. 

The information is like the ingredients. Having a coach or mentor is like having the recipie.  

@Christopher Johnson I have no dog in this fight, however, I have read through several threads on BiggerPockets over the years and have seen similar things play out. If you are unfamiliar, you may want to read the threads about Clayton Morris or Morrisinvest. As that saga unfolded, let's just say Clayton decided to move out of the country to Portugal for whatever reason. And we'll say "moved" because "fled" sounds bad.

If, in fact, you have a contract with @Scott Johnson how has the company done with their performance? Have they provided the good leads that were stated that they would provide? The easiest way for a company to defend their reputation is to provide the services that they were paid to provide. 

There have been several people who have made posts on BiggerPockets accusing companies of being a scam. Then the company responds to the post with their receipts of fulfilling with their services which ultimately makes the accuser look foolish. Additionally, reputable companies usually have other reputable customers who will speak up on the reputable company's behalf. 

So rather than spend a lot of time focusing on arbitration or trying to get this post removed, since it has been a couple of months, surly there should be some receipts of good leads sent. Just provide evidence of those leads that were sent.

Also, another way of defending your company and establishing your credibility would be to ask some of your clients who have been successful using your services who have had accounts on BiggerPockests for months or years to share their experience with the company. Of course these people should have accounts on BiggerPockets that are older than this thread and they should have other posts on BiggerPockets, otherwise they will look like fake accounts. Surely with over a million members and posters on BiggerPockets you should be able to find a few people who can speak positively on your company's behalf.

I am eagerly waiting to see how this unravels. And if it starts to look really bad, well, I hear the house next to Clayton Morris is up for sale. Boa sorte (that's good luck in portuguese in case you want to get a head start with the language).

@Yun Han I have many friends who are agents. Yet I still prefer to work with a sellers agent rather than work with a buyers agent when I am buying real estate. I like as few people between the seller and me as possible. In fact, if I'm able to convince the seller's agent to allow me to talk directly with the seller I will do that. 

Additionally, if I want my offer to stand out above other offers then I will let the seller know that I already own 10 properties in the area and I will offer a $20,000 non-refundable earnest money deposit, a quick close, and I'll wave my inspection period. 

Right now I'd take the cash because I could allocate that to pay off high interest debt or I could use it to buy undervalued properties that could double the money and create some cash flow.

Hey @Keith Freie At the time that I am writing this post, I just finished with The first day of a three day event put on by Aspire where Eddie Wilson talked about buying businesses. It was a great event. But the buy in for the group is pretty expensive. My wife and I joined it back in September of last year and the information that we got about tax savings will create 10 times the cost of the event. 

@Terra Padgett if I suddenly had another million dollars to invest then I would double it (well almost) and create about $2000 a month in cash flow.
I would buy 23 properties under market value leaving about $40,000 into each deal while also creating another $40,000 of forced equity through repairs. And I would keep $80,000 in the account for reserves.  

I would keep the properties for about 3 years and bring in tenant buyers to buy the properties and then I would trace up. At that point, each property should have about $100,000 of equity in them creating 2.3 million dollars with about $150,000 in the reserve account. 

Each time a property would sell I would do a 1031 exchange into 2 properties thus doubleing my money again. Within 6 years the 1 million will have grown to nearly 5 million dollars. 

At that point I would have about 46 - 50 houses and I would focus on paying off about 20 of them over another 3 year period and thus increasing my monthly cash flow to about 23,000 a month.

@Nate Marshall is that how you deal with everybody who disagrees with you? You resort to name calling? If somebody just shared with you their experience, why not ask him more questions rather than accuse him? Unless of course you're just more interested in thinking that you're right and just closed off to the idea that other people may have had a positive experience with the thing you demonize. 

@Nate Marshall why so rude?

Ok, first off I see so many posts about how coaching is not necessary to do well in real estate. Sure, fine, we all get that. But in my opinion, keeping all variables the same, coaching helps people get better results than they could get on their own.

Let's set up the scenario, say there are 100 people who all say that they want to become real estate investors and they all have $100,000 to start out with to start their real estate investing journey. Then they are randomly selected into 2 groups. One group gets coaching at a cost of between $10,000 and $50,000 depending on the coach, and the other group gets no coaching. My theory is that the group that gets coaching even though their is a cost to that coaching, will have a higher net worth than the group without coaching. 

Now I know this depends on how good the coaching is obviously, so that is why I want people to give their experience with coaching. 

Which coach/mentor or coaching/mentorship programs are the best? Let's make an honest comparison. 

Share the following things about the coach or program that you have personal experience with. 

- Name of the program or coach

- The cost

- What was included (materials, online, or in-person, group coaching, individual coaching, coaching through the main coach or through other people the coach has trained, were there events to attend, community meetups, masterminds, etc?)

- What are your results after 1 year?

- What are your results after 5 years?

- Given your experience now, was it worth it to you or not?

Hi @Olivia G Gonzalez, it is great to meet you. I am also a mental health therapist. I live in Arizona and I've been doing the BRRRR strategy for the last 8 years. The math necessary to be successful at this is very simple. It's just addition and subtraction and the use of the regular calculator and mortgage calculator on your phone. The numbers are important but the concepts are more important. And you, probably more than anybody else who has left a comment, know about limiting self beliefs. Telling yourself that you're not good at math can psychologically limit your success. Replacing that belief with I have a master degree (or doctorate if that is the case) and I'm capable of figuring out the basic math that is required to be very successful at Real Estate investing. I have resources, drive, tenacity, and I have the ability to stick with something until I win it's pretty much all you need to get started. With $150,000 you could probably double it in a year and create about $600 in cash flow and then within the next three years you could easily surpass your goal. Let me know if I can be of help.