All Forum Posts by: Tanner Marsey

Overheated..... yeah. Absolutely. But so is most of the country at the moment.

All depends how you look at your RE investments. IMO....cashflow is whatever. It’s nice and all but 200/door isn’t life changing money and if you have 10, 15, 20 doors.... that’s just another job and added stress. However, I look at my stuff similar to a 401k. I’m gonna put a down payment on it. I might put some money into it at first and I might even spend some of my own funds along the way to keep it up and running. Talk to me in 20+ years though when my tenants have paid the mortgage, the property has appreciated (hopefully), I’ve used it to buy other properties and it’s throwing off 2.5-3k/mo on rent.... this is a long game.

1. Your average person wants a full time agent. Your friends/acquaintances know that’s not you.

2. EVERYONE knows a handful of agents. You, a friend or acquaintance has a license but their brother, sister, mom or dad may also have one.

3. You’re still new. Maybe they aren’t comfortable/confident with your experience.

4. If they’re real friends..... ask them why they didn’t utilize your services.

Leverage responsibly.

Sounds like a weird/strange/rushed deal.... my advice is to get out as quickly as possible for as little as possible. You’ll probably take a small hit on this one but so be it.... and maybe do a little more DD upfront. You gave them 9k because who knows why....? Back to the drawing board.

Thanks! 

Appreciate it. 

Thanks! Thought about peer to peer and still considering it, for sure. Maybe do Fundrise since it’s RE based and seems to have a good track record. Then throw a a chunk in high interest savings account. Would love to loan it to a fellow local investor but don’t have any idea how to structure that as far as legality goes and how to protect myself in case of default. Definitely something I’ll look into as I wouldn’t mind doing that on a consistent basis. 

Checking in from oside!

Would love to attend. Please post details here.... Bagby on first Friday of October?

I’m about to make the jump and go out of state. As far as I can tell from countless hours of research....

Stay in A/B markets

Vet/hire a good PM

Be prepared to pay a premium for almost everything

Be okay with lack of/decreased cash flow in the present/near future

Buy as new as possible (rehabbed or new builds)

Check in with your PM often

Be prepared to travel a few times per year. Especially in the early stages.

Don’t get excited over these 50k-ish deals that people are doing. Those aren’t for us those are for the hands on, local guys.

Make an investment that is going to pay off 20 years from now and don’t worry about the 200 dollar/door “cash flow”. it isn’t worth it.

@Charles Carillo

Thanks. I’ll probably park a portion of it there. Was hoping to see a little better return for at least a portion of it..... maybe in the 5% range.