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All Forum Posts by: Solomon Floyd

Solomon Floyd has started 17 posts and replied 46 times.

Post: Adding $33K in Value Within Year 1!

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25

There have been many times that I have questioned whether or not I was on the right track with my real estate career. Even more, when I asked investors to follow me into the depths of uncertainty. To this day, it is still exciting to see that I have provided unmatched value to my investors. This is not about self-promo, but more to encourage you to keep going. This was not easy, it was not simple.

✅️A $33,000 gain in value for 70 identical units in the span of a year is proof that you can make consistent returns outside of the "top" markets.

✅️Doing the research for trends that will yield the best result for each party (investor, buyer/renter, yourself). Townhomes and BTR provide housing to those who need it and returns for those willing to take the leap.

✅️My investor's $45,000 investments are now worth $78,000 within one year! Not an easy road to walk, but it's one that's well worth it.

There have been many times that I have questioned whether or not I was on the right track with my real estate career. Even more, when I asked investors to follow me into the depths of uncertainty. To this day, it is still exciting to see that I have provided unmatched value to my investors.

✅️A $33,000 gain in value for 70 identical units in the span of a year is proof that you can make consistent returns outside of the "top" markets.

✅️Doing the research for trends that will yield the best result for each party (investor, buyer/renter, yourself). Townhomes and BTR provide housing to those who need it and returns for those willing to take the leap.

✅️My investor's $45,000 investments are now worth $78,000 within one year! Not an easy road to walk, but it's one that's well worth it.

Post: Cigars & Real Estate Mixer

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25

Reunion Investments is the host of Cigars & Real Estate, a monthly real estate event for professionals looking for the chance to connect in a relaxed setting with no pressure. Our event is designed to bring together newbies, veteran investors, qualified vendors, and market experts together for a great night. Join us for an amazing night of Cigars and Real Estate Networking!

RVSP HERE

!This event is for 21+ Years of Age!

Keynote Topics:

  • Selling Homes With Higher Interest Rates

Activities:

  • Attendee Networking
  • Vendor/Sponsor Networking
  • Sponsor Speakers

Dress Code:

  • Business Casual
  • Please Bring:
  • Business Cards
  • Smart Phone
  • Photo ID

Post: Diversify Your Assets Worldwide

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25
Diversify Your Assets Worldwide

Expanding your investments internationally is vital. While protecting yourself against the local market and currency variations, you will also protect against declines in a single asset class. Real estate crowdfunding is a good way to begin with your assets globally.

Knowledgeable investors recognize the significance of diversifying their portfolios globally. Extending your investments through different assets and areas can guard you against the unknown. If one market abruptly flops, you may still be able to attain a strong ROI through your additional international assets.

Real estate crowdfunding in particular is a respectable way to start branching into diverse markets. Different than REITs or REIFs, which generally give you access simply to local property, you only need to invest lesser quantities of capital through crowdfunding to transform into a property investor in some of the most profitable foreign markets.

Choose Varying Asset Categories

Investing does come with risk, so a great way to shield your money is to diversify. Placing your life savings into a single property, index fund or REIT means you risk losing it all if your investment doesn't go as planned. The way to shrewd investing is to spread your funds out, both by region and investment type.

Try to vary your portfolio by investing in various asset classes, such as bonds, stocks and funds. Property can be a rewarding place to invest, especially if you’re open to unconventional investment methods such as crowdfunding. This provides a concrete asset that can protect you from inflation (as property costs usually rise with it). Additionally, property is forever needed, particularly if you invest in spaces with a thriving property market and elevated levels of need.

Invest in Diverse Areas

Though it is achievable to diversify your ventures in your home market, branching out throughout the world will present greater security. In the event your local or the national economy goes into decline, investments in other countries could still be safe. Or if the economy in Arkansas is bad, you might still be making money in Washington.

To repeat, property is an exceptional way to diversify globally, even if you don’t have much knowledge of overseas investments, as you won’t have to pilot the stock market.

Attempt to invest in markets that are reflected as relatively safe areas. A survey by AFIRE (Association of Foreign Investors in Real Estate) discovered that 58% of people consider the US the most stable place for real estate investment. Selecting properties in cities that have increased levels of demand will make it simpler to either lease your property out or increase the probability of a surge in value when you’re ready to sell.

Post: Taking Your Returns Further.

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25

Copy that, the illustration above is more of an annualized return scenario, factoring in fluctuation (and keeping my hopes from getting to high). Worst case is the outlook shown in the previous comment, best case is mountains of cash. 

Post: Taking Your Returns Further.

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25

@Chris Seveney Hahah I don't think so. The proper math puts me somewhere in the ballpark of $507,508 after 6 years, still not bad for a $15,000 investment. Even after an additional 6 years, I'd be just shy of $1.4M. 

Post: Taking Your Returns Further.

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25

Hey Everyone,

I wanted to share a bit of the experience I have had with a mixed-income approach. This is the combination of my passive real estate income and the returns from my stock (options) trading. It's so important to put your income to work for you, that's how you grow your wealth! This is a basic example of taking $15,000 from my savings and making roughly 4%-5% per week on the cash value, I take $5,000 of my rental income and utilize that to grow the portfolio. This strategy is known as the variable income method, by deploying your passive income into opportunities that produce consistent and safe returns you can get to your goal quicker. This method has been applied in a much larger aspect to mine and my clients' portfolios, but I started this to highlight the ease of use for many of you starting out. Happy to answer any questions and offer a more in-depth explanation of how this works and when to establish this strategy. I will be posting an updated version of this every month to keep you up to date on the journey. 

Breakdown: 

$15,000- Deposit from savings

$5,000- Rental income from four properties

$2,224.04- Option trading income

Post: Finding Value in Military Markets

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25

@Eliott Elias I am a big fan of the markets around Killeen, it's a great city that has become more open to larger development projects. 

Post: Finding Your Niche & Growing

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25

A question I normally get asked by new investors, syndicators, and developers is "how did you find your niche?"

Finding your niche is not an easy process nor is it a quick one. It requires a lot of research and thought as you try to determine the right market conditions that will lead you to success.

These are the three moments that lead me to my niche of military and tertiary markets.

1. Being exposed to the other side:
I grew up in big cities for the most part and spent a lot of time around those who had significantly more than I did (two-parent households, ski trips, big houses, the newest car every two years). Growing up I thought that this was "normal" and how much of the world lived, it wasn't until I dropped out of college that this was the opposite of the truth. I saw how most people lived paycheck to paycheck and were just barely getting by in the world. They didn't go on ski trips for spring break or take winters at their homes in Florida, these people worked hard every day. This taught me the value of the working class and having a work ethic that would propel my own entrepreneurial endeavors. This shed a light on the lack of resources available to people who power our economy and allowed me to study the needs of the people who would eventually become my customers.

2. Fighting for a cause:
In the military, they instill in you that "you are fighting for a cause bigger than yourself" a phrase used over and over again to assure you that you are fighting the nation's battles to protect our way of life. While I didn't appreciate this saying at the time, I found it to be extremely beneficial when I arrived at my first duty station. What I saw was the same lack of resources that plagued everyone not born into the top, what I saw was an opportunity to benefit two groups at the same time, while serving a purpose greater than myself.

3. Build what they need:
I was at the front gate, scanning IDs, and I asked a sergeant how his weekend was. He looked at me and said how bad it was and how he hates his landlord, after about 5 minutes of him holding up traffic he told me something that caught my attention " I get paid to live here, but there's nothing worth spending my money on". The next day I saw him again and asked him what he was looking for, he very clearly stated that he wanted a room and bathroom to himself with all the service taken care of. Where I was from, this was incredibly common in rentals, but here there was no one else to rent from but bad landlords. I thought to myself, "if other people have this problem, then we may be in business." I bought my first home and renovated it to accommodate three bedrooms with their own bathrooms, a cleaning that came once a week to clean common areas, two sinks, two dishwasher, and two stackable laundry machines. I listed each room for $950 per month and filled them within 15 days. This later turned into our portfolio of over 250 units of single family housing. 

Post: Finding Value in Military Markets

Solomon FloydPosted
  • Texas
  • Posts 56
  • Votes 25
Quote from @Brian Bohrer:

Great Information! 

I live in Colorado Springs, there are 5 military bases here.... What is the best plan of action for a new agent in a new market to take advantage of this demographic?   Thank you in advance for any information you can provide!

Take Care,


You can always sign up for the military relocation class, it's a sweet designation for those who want to be the first call military memebrs make. You may also want to understand the VA loan in more detail. Most people think it's one time use, but it can be used basically once a year.