All Forum Posts by: Steve Adler

 Would the objective of that be to get them to give me his personal number?

Thank you, makes sense. I’m a CPA and that was going to be one of my ways “in” when I finally contacted him. The challenge is actually getting in touch with him haha!

Also, I did not know that I was competing against the leasing office! Thanks for informing me of that. The notes that have been left for him have been along the lines of “I would love to talk to you about x property, and see if you may be interested in selling it. If not, I would still love to set up a lunch and talk about real estate and how you’ve become so successful”

my notes and action to get in touch with him have been nothing but respectful/professional. The “slum lord” was strictly for BP members to get an idea of what the community says about their rentals to help paint that picture. 

I wanted to address the last part of your message first! The “slum lord” is what his reputation in our town is for their properties! There leasing agency has 500 + reviews and it is 1.5 out of 5 stars. 

I do not know him personally, and I want to LEARN from him. Which is why I said I’d love to even go to dinner with him and learn how he accumulated all of the properties, because I would love to have as many one day. I in no way was trying to come off as negative towards him, I was just trying to paint a picture of the reputation and properties he has.
for the rest of it, I tried to have a conversation with the wife but she was not home (communicated through a doorbell haha), very nice person but she said that they prefer for people not to come to their house for business… totally understandable! 

I do not know him personally or anything other than he’s an older guy. Since I don’t know anything about him I have no idea how to add value to him yet, other than being able to buy the properties he no longer wants! Would love to have a conversation with him and see how I could add value though. In order to acquire all those properties you have to know a thing or two and I would love to learn from him.

Hey BP Community quick question. I have a person in my community who is known as a “slum lord”. His company and apartment complexes have TERRIBLE reviews. He has over a couple hundred properties in my town, and a lot of them need work. On my prospect list I have about 25 properties BEFORE I stopped writing the rest down because I just said I gotta figure out a way to get in contact with him. 

I’ve called his leasing office almost twice a week and left notes for the past 4 months, and I’ve even went to his house (he was not home but his wife said that she would tell him I stopped by). I normally would of stopped trying to reach out but his office keeps saying he is looking to sell? Could he just tell them that as a generic response? He has a ton of properties that are boarded up/vacant and some complexes that are getting run down. 

In a worst case scenario I’d love to even take him to lunch and learn how he accumulated all of the properties. Should I just stop trying to get in touch with him?

5k net, 2 years because I like to set short term and long term goals, and like to build action items to get me there! It’s definitely not random, it’s a time frame that I think I could realistically get to my cash flow goal!

Hey everyone I posted this in the wrong section so I’m reposting it on this forum! I have 200k to invest and a monthly cash flow goal of 5k a month. I have one property that cash flows 250 a month.

What route would you go to get to $5k monthly in 2 years? BRRRR SFH? MFH? If it were a bigger deal I would be able to have access to more funds, but would like to create a plan with my 200k first. I look forward to hearing from everyone!

Makes perfect sense! Thank you again for your response. I'm fortunate enough to where I will be able to dedicate 90% of my time to this! I am working on a BRRRR right now and have another one getting lined up, so I plan on going all in and making this happen!

thank you for your reply! I could have worded it better. This is my 2-3 year goal. Do not necessarily care to make it a one transaction = 5k a month. I was just saying that I have 200k, and pretty much trying to build a plan to get me to $5k a month in the next 2-3 years. 

Hey everyone! I have 200k to invest and a monthly cash flow goal of 5k a month. I have one property that cash flows 250 a month. 

What route would you go to get to $5k monthly in 2 years? BRRRR SFH? MFH? If it were a bigger deal I would be able to have access to more funds, but would like to create a plan with my 200k first. I look forward to hearing from everyone!