All Forum Posts by: Tamar Hermes

Why don't you start one? Otherwise, go on meetup!  There are a ton of meetings!

Can I convert my duplex into a single-family home and pay my tenant to leave? Do I need to move into the place for a certain period of time then?

I can add my experience with Real Wealth Network.(RWN)  I just closed on a property in Texas.

I like Kathy Fetke and her team a lot.  They are responsive and are there to support you.  

As with any endeavor where you get support, nothing is free.  RWN and the affiliates get a cut on your deal. The affiliates are often the brokers and sometimes even own the properties that they recommend for you to buy.  They do make it easy for you to walk away from deals and the network carries accountability.  

Often times they will flip a property and sell it to you as a "turnkey".  This happened to me on a property in Jacksonville, Florida. The inspection proved that the repairs were not done to my standards and I got out of the deal.

The Texas property is brand new.  It is not yet rented and will turn out to be about to be around a 7% cash on cash return.  I don't have to do much and I am hoping to see some appreciation in the next 5 years.

I think it is a good solution if you are nervous and want lots of support. If you have experience and can manage certain aspects on your own, it is best to find your own deals to make the most profit.  If you get a new construction, you actually get billed $2000.00 paid to RWN on closing. I did not realize this, but apparently it is in the fine print.

Every month the SFREI, Smart Female Real Estate Investors, get together over some wine and snacks to talk about deals they are doing and to share their knowledge with one another.  This is a community event of women doing what we do so well.  We support, share, and nurture one another to grow our Real Estate portiflios.  

After every meeting we think of a theme and this month we are going to share tax tips!  

It is a lot of fun.  The investors have a variety of properties in and out of state, single to multi family. 

Newbies are always welcome!  You need to start somewhere and we all where beginners at one point!!

Hope to see you there,

Tamar

If you are a woman who has been wanting to buy your first property or start investing in Real Estate, this event would be benencial to you.

I'm an investor and wealth coach who is out to make a difference for other women. Over the years, I have been fearful of trusting Real Estate to propel me into the life if financial freedom I desired for myself and family. I stuck with it and am so convinced about the power of Real Estate that I want to share my knowledge with other women. There are more than double the amount of men investing in Real Estate today.  At the Bigger Pockets conference, all the ladies could walk into the bathroom while the men waited in lines! 

Need I say more?

Investing can be intimdating.  There are lots of large numbers, endless options, and no money back guarantee.  Women are smart enough and brave enough to be in the Real Estate game and reap the rewards of a life without financial stress.

There is "no pitching" to work with me.  My hope is that you leave inspired and take action on what you learn and have the determination to pursure what you truly desire. Many women want structured support, accountability, education, and coaching to get to where they want to be. You will be offered that opportunity if it interests you. You'll likely meet some other women you can connect with too and the dinner is always yummy and healthy!

Hope to see you there.  Please RSVP at [email protected] so that I can give you the address and add your name on the gate. 

Warmly,

Tamar

@Tim Herman I know what you mean with tenants.  I am now in several syndicated deals and just started using a property manager.  Do you frequently look for deals?  Where do you live now?

@Tim Herman Thanks so much for your reply. I understand that I did not account for enough expenses and that I would need higher rents to make a profit in that proposed property.  Where are your investments? 

The analysis over time indicates negative and low returns, but the ROI and Proforma are good. I would think they would both show positive?