All Forum Posts by: Steve K.

I found some old diaries written by a college aged girl from 1938-43. Pretty interesting. I don't have the heart to toss them out but I'm not sure what to do with them.

Also found someone's old teeth, lol. No idea what they're made of or how old they are.

if it's yellow, it could be gold, if not, it might be cast chrome, which has gold, platinum, and palladium

there are companies that melt dental scrap and pay out the value of the precious metals minus a fee

pawn shops with "we buy gold" signs may buy it too, but will likely give you a real low value

you could try and contact Garfield mining and ask for a patient envelope kit and see if they will help you out

2 Votes

how much were the attorney fees?

why not just have them be partners on the deal rather than syndicating?

0 Votes

Originally posted by @Abel Curiel:

Originally posted by @Zachary Peek:

Alright so to start I want to give you some background. I have worked as a bartender for the last 8 years of my life. Paying off all debt and saving money. Recently became a real estate agent. Closed a deal in the first two months, not a relative. I want to segway out of the service industry but walking away from a 70,000 a year pay check has got me hesitant. I’m new to real estate and the wholesale market. I have amazing credit 825+ some savings, no debt, no kids and a track record of accomplishing goals that I set for myself. I would like to make real estate/investing a full time gig. I’m looking for advice of any kind. Where to start. How to start. How to make my credit score and savings work for me through investments. I’m not looking to get rich quick. I’m interested in playing the long game. Hints my job that I have been at for 8 years to get myself to this point. Thanks for any advice.

Hello Zachary,

Congrats on closing a deal so quickly! Most agents go 6-12 months before closing their first deal and that usually comes from a relative or friend... needless to say, you're off to a great start. Your savings and excellent credit will be huge assets for you as you take your next step.

One option that comes to mind is house-hacking. Using your income history from the last 2 years can help you qualify for a multi-family investment property that you can owner-occupy. The savings on your monthly living expenses (and/or cash flow from the rental units) will allow you to leave your job with some piece of mind.

As far the segway is concerned, I worked for the City of NY for 8 years before diving into Real Estate full-time as an agent. I made sure to have about 6-months of expenses (aside from my savings acct.) before making the job. In addition, I had some deals under contract to insure that I would have some income in the coming months. Of course, a deal under contract does NOT mean that it is going to close.

Being that you're looking to invest long-term, I would recommend finding a brokerage that aligns with your goals.

I know what this transition is like so feel free to reach out if you want to discuss further!

Best,

Abel

the problem is going to be that his income, while well above the national average, comes from bartending, which means tips and irregular hours, and a transient career. might be more difficult to get a loan...

1 Vote

@Brian Burke ?

0 Votes

I came up with this a while back after looking at a few deals

"trust the operator, trust the numbers"

so I would agree that the operator is the main factor...

1 Vote

one of the best sources of info

https://joefairless.com/passiv...

0 Votes

Originally posted by @Arthur Fuller II:

I live in Los Angeles and I am selling my primary residence. When I'm done I will have $100-$150 to invest. What would you do?

Flip?

Remote flip?

Notes?

Loan loan money?

1) don't post online how much money you have to invest

b) ignore all the "deals" and "offers" that are now filling your inbox

0 Votes

Originally posted by @Jesse Lewis:

@Danny Randazzo

Would you mind @ me in that post from @Ben Leybovich Im having a hard time finding it.

aloha jesse

it's just over halfway down the first page of this thread

0 Votes

Originally posted by @Jason Golliday:

I've been saving and have established some good credit, what now? what would you do? should i just keep on saving or go ahead and jump in?

you should ignore all the "offers" and "deals" that are filling your inbox...

1 Vote

Originally posted by @Danielle Wolter:

@Steve K. I’ve had a couple people send me examples of projects they’ve done only after talking on BP and showing interest in syndication. They didn’t just approach me cold. I just wasn’t sure what to look at to evaluate them as syndicators.

ok, cool

@Michael Bishop @joe fairless @david Thompson give good info on syndications and how to vet operators. as do @alina trigub and @ian Ippolito.

2 Votes

All Forum Posts by: Steve K.

Steve K. has started 6 posts and replied 246 times.

Post: What's the coolest thing you've found in a property?

Post: Raised 340K to close 1st Multi-Family Syndication!

Post: Looking for some perspective on my situation

Post: Syndication companies still here that started before 2005

Post: Opinion: Main factor for passive multifamily deals to succeed?

Post: What is a syndication deal?

Post: $100k to start with. What would you do?

Post: Turnkey or value add?

Post: what would you do with $20,000?

Post: Solo 401K Investing in Syndications