All Forum Posts by: Tanner Marsey

Just repeatedly upload it to YouTube, vimeo and whatever other sites are out there. Guys a kook and deserves to be exposed...regardless of what him or any of his lawyers say.

Quickly approaching 2020.... this shouldn’t even be a thought anymore.

Use your head and you’ll be just fine going out of state.

I love all the people that immediately jump on the “no” train because it doesn’t cash flow this very second.

You’re into this property for hardly anything at all.... if you see rent rising and appreciation taking place I’d ride it out. Especially if you’re planning on keeping this thing long term. Mortgage pay down and tax advantages alone will probably more than off set the amount of money you’ll spend out of pocket yearly (2,400.00....?)

Some of the people here have me in absolute amazement what they’ll go through to make 200 bucks a month and how the thought of “losing” 200 a month is an absolute nightmare. You’re looking to invest. It’s a long game.

Do you not contribute to your 401k because it doesn’t pay you at the end of the month?? Run your numbers conservatively and determine your goals. If this place will be a winner in the long run then I’d keep it. If you think you’ll lose money over time... sell it. Simple as that.

Good luck.

While I don’t condone or disagree with dropping out of college let’s be realistic.... going to college will NEVER prevent you from achieving your goals. It might prolong the process.... but it might also make the process easier through the contacts you’ve made, the experiences you’ve had and the education you have gained.

It sounds like you’ve done this on a whim. Get back in school or get yourself a full time job. Start studying and immersing yourself in RE in whatever ways possible. If the time comes where you’re successful enough to drop out of school and think RE is a long term endeavor for you... then consider dropping out.

You’re 19. Go to class. Grind on the side and explore your interest in RE. Have fun. Work a job with people your age. Date. Travel. Making big boy choices has big boy consequences. Enjoy the last little bit of youth while you figure it out.

Just my 2 cents.

Good luck.

Hate to be the one to say it but this thread is one giant red flag....

OOS. Zero contacts in an unfamiliar market and five partners?!

Simplify it a bit....Buy something rent ready off MLS. Maybe use a TK provider. Invest close(r) to home.

I don’t want to see you and your 4 partners get burned but this scenario sounds like a recipe for disaster.

Good luck, man. Play it smart!

I don’t know if a “small value add” is going to be worth your time, effort, money and risk. You gotta run your numbers very conservatively and you should get your answer.

And who is telling you this is a value add opportunity? As always.... buyer beware. Good luck and let us know how it goes.

Depending on condition of units and amount of money to rehab I’d say go for it. I really like a cash positive, seller finance deal.

California and *immediate* cashflow don’t generally go together. Coastal CA is a long play move.

Sounds like you’re in a good spot. Now focus on the networking and get the ball rolling! 

Hard or private money.

If the deals are good enough the money will find you.... or so they say. Reality is you should have funds to get started and for some cushion. In addition.... being new I would be shocked if someone would lend you 100% LTV.