All Forum Posts by: Tim Puffer

Hey guys!

I have an opportunity to partner with a land owner on a development. I'm curious as to what the proper way to structure this type of deal is. Who gets what equity, who pays for what, etc. 

Appreciate the insight! 

@Alphonso Dormun - Thanks for offering others some value in exchange for a little guidance. Feel free to PM me if you have any questions. 

@Barry Inge - Dude - awesome! I've been telling people on here to do this exact thing and that will help them become experienced.

I echo what @Chris Tracy asked - what is it that you would be able to help out with specifically?

@Ben Leybovich and @Sam Grooms - Awesome job guys. Very exciting! Looking forward to seeing how the renovations turn out.

@Account Closed - Do you know what avenue in real estate you would like to do? What learning have you completed on your own? 

Figure out what niche you want to try and/or are interested in and find someone who is doing it at a high level and find out if they are hiring at all. If they aren't offer to do work for FREE! This will give you the opportunity to learn up close and accelerate your attainment of knowledge.

Also - don't type or think this again -  "but I don't really have a whole lot going for me right now". You are the words/thoughts you think and write. Instead you could be energized and motivated to become a kicka%@ real estate investor! Gotta have yourself in the right state to accomplish big things bud!

@Jared Simon - Congrats on getting started my friend! 

How and why did you decide that you want to wholesale?

@Andrew Beaver - My wife and I did a very targeted mail campaign for our house hack. Drive around the neighborhoods that you are comfortable living in. Then find the places that look like they need some love - those are the targets. You are looking for the beat up Chevy in the lot of Cadillacs! 

From there write personalized Thank You cards to those owners. We sent out only 22 of these and had 75% of the people contact us. 

 I hear ya! I love the good rewards cards too. I've actually settled on one that I really like finally. It is tempting to get more though and use those free points. A lot of them transfer to the same airlines and hotels.

Also, your score isn't only affected by keeping below a 30% utilization rate overall for all your credit cards. It's also affected by each individual credit card's utilization rate. It's best to keep everything below 30% for the best score.

Don't see how adding a Nest - with voice capabilities, Schlage keyless deadbolt, and maybe even a few outlets with USB ports would hurt. You can market it as a smart apartment and possibly get higher rents. 

My wife's parents just completed a three unit in a transitional neighborhood and are getting higher rents and younger tenants.