All Forum Posts by: Steve Rozenberg

@Andrew Haney I can give you a few recomendations feel free to contact me directly

There are a lot of great resources and forums as well as people you can learn from right here in the posts my advice is before you start asking for a mentor make sure you know what your end goal is with a time limit and a quantifiable amount attached to it only then should you identify what strategy will actually get you there once you know those things then you start looking for someone to help you if you don't know your destination of what you want and when you're going to get there you can't expect someone to help you because they may take you to where they want to go and their destination not yours

Very well said I think the only thing that I would add to this conversation is that people need to spend more time understanding the mental side of being successful.

having a certain amount in your bank account does not deem you to be successful and if you don't start working on it from the very beginning you'll never know when you reach it and it's not like you popped through a glass ceiling and you're on the other side and now you think that you're going to flip a switch and enjoy your life part of doing this is learning and enjoying the journey that you're on not just trying to get to the destination thinking you'll be happy at that point.

You have to become a successful person mentally before you ever will financially or physically

I would say it depends on what your goal is and what the time limit is that you're trying to accomplish that.

My question would be what is your strategy to reach your ultimate goal?

I'm not a big fan of asking questions unless I know what the end outcome is I want and then I ask advice from people but it's always driving me in the direction of my goals not theirs

Welcome to Texas Chris

Lots great investment opportunities in that area just try to join some networking event go to some happy hours and you will mix and find a lot of like-minded people to help you get the success you were looking for.

Make sure you try to clearly Define your goals in your strategy so that you know what you're looking for and you can identify them when you see them

You need to do what is best for you based on your own goals in your own strategy I would caution you from asking other people their opinions until you have a clearly defined goal and strategy of your own

Remember that their information could actually put you in a worse position because they're giving you their goals and their strategy based on what they would do not based on what's right for you always be careful of asking other people their opinion

First thing I would do as others in here have stated is figure out "WHY" you are doing this. Once you know that and you know your end goal then you work backwards. The goal has to have a finite destination and time limit on it.
For example you may say your goal is 20 houses in 20 years (paid off) earning $20,000 per month.. (20,20,20 goal).
Now you know where you're going and the timeframe for this to happen. From here you can build out your strategy, for example here you would want to have the 20 properties purchased the first 10 years so that they can use the final 10 years to pay themselves off. This means that you have to buy 2 properties per year which means you have to close on a property every 6 months which means that you have to find a property in 3 months to have it on the market and rented the following 3 months.
And the properties need to have a final cashflow of $1,000 per month after all expenses are paid. This will dictate where you purchase and look for properties based on that number alone.
My point is that you always start with the end in mind and work it backwards, this creates the strategy (Buy and hold, flip, Wholesale, Notes) which will be driven by the tactic (SFR, MFR, Mobile homes, Short term rental etc)
I always coach people and explain that the property is actually the last piece of the puzzle not the first.

Hope this helps

Normally comes down to price and product you have to figure out what is the challenge if people are calling on the phone and coming to look at the property then it's price correctly and you have something wrong with the product.

If nobody is even calling you then it's not price correctly or you have some sort of marketing problem.

I may suggest talking to some realtors in the area as well as property management companies that do this for a living on a daily basis amount of money you're losing Everyday by not having the property rented you could have just had somebody lease it for you.

Also don't forget you're assuming that you know how to screen and do the proper credit criminal background checks on the tenant which is what actually gets more people into lawsuits for violating tenant rights.

I would just make sure that I was familiar with all the laws as well as all the marketing that is going on in your area if you don't have the time to do that it's okay that's when you hire someone to do it for you

Being an investor in Houston for the past 20 years I can tell you that it's the landscape has definitely changed. What I would suggest is make sure you know exactly what it is you're looking for and what the goal is before you start buying I know this because I made the mistake of not doing this when I first started and I ended up with about 40 properties that was the wrong properties in the wrong area

There are definitely some great networking events as well as very helpful if you reach out to them here in the Houston market stop

@Jackson Poscablo

Honestly I don’t think it matters if you have a job for you don’t

I am flipped at wholesale hundreds of houses I owned a property management company that I built from 0 to 1000 properties and sold the business. And I am a full-time airline pilot. 
it can be done the question is what is your priority and what are you willing to give up to get it

Also what are your being coached almost here in the bigger pockets learning on the forms either way you can do it, I think it’s just the speed at which you want to happen is the difference

First thing I would do as others in here have stated is figure out "WHY" you are doing this. Once you know that and you know your end goal then you work backwards. The goal has to have a finite destination and time limit on it.
For example you may say your goal is 20 houses in 20 years (paid off) earning $20,000 per month.. (20,20,20 goal).
Now you know where you're going and the timeframe for this to happen. From here you can build out your strategy, for example here you would want to have the 20 properties purchased the first 10 years so that they can use the final 10 years to pay themselves off. This means that you have to buy 2 properties per year which means you have to close on a property every 6 months which means that you have to find a property in 3 months to have it on the market and rented the following 3 months.
And the properties need to have a final cashflow of $1,000 per month after all expenses are paid. This will dictate where you purchase and look for properties based on that number alone.
My point is that you always start with the end in mind and work it backwards, this creates the strategy (Buy and hold, flip, Wholesale, Notes) which will be driven by the tactic (SFR, MFR, Mobile homes, Short term rental etc)
I always coach people and explain that the property is actually the last piece of the puzzle not the first.

Hope this helps