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All Forum Posts by: Tristan Gardner

Tristan Gardner has started 4 posts and replied 128 times.

Post: Pace Morby Mentorship

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

10000000000% for sure.

I planned to grow my portfolio with the BRRR strategy but quickly realized I wouldn't grow quickly enough. Once I learned subto, my mindset completely change and the world was my oyster.


I bought my first property keeping an 83k loan in place, and only bringing 30k to close. The arv was 220k! This was a huge same when it came to find a PML as the lionshare of the financing was already there.


Pace is also the biggest Go-giver I've ever met. He already provides tremendous value inside of the Subto program, but the bonuses are non-stop. There's more bonus content than included... and it just keeps coming

Post: Looking for people interested in Tiny Homes!

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

I've also been tossing this idea around here in Ohio. Have you done much research on zoning? 

Post: What are the different diseases of entrepreneurism?

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

1. Not thinking big enough 

2. Unclear exit

3. Scarcity mindset

4. Doing it all alone

Post: Rental property websites

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

I know some property management apps like Appfolio manage the marketing element for you. I've also had good luck with my friends resharing social posts

Post: My wife told me to quit my W2

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89
Quote from @Kerry Noble Jr:
Quote from @Will Walker:

1. Quit and put 40h/wk into wholesaling = uncapped potential/risky/unlendable

or

2. Grind out the W2 with security and lendability = drains my soul

SKIP THE FIRST PARAGRAPH IF YOU'RE ON A TIME CRUNCH.

3 SFRs, self managing rent-by-room strategy, tutoring in the evenings, side hustle on weekends, on top of full-time W2 and managing house hack renovations (working ~70+ hours weekly). I recently came from a decade of self-employment making average income and recently took this remote project coordinator role within the Pharma industry for reasons of financial security and improved lendability. I've already been promoted and have received a 20% raise within the first 6 months and have been assigned (consulting) to their largest client based on my performance. 

I feel incredibly fortunate to be where I'm at but I feel trapped.

I'm realizing the "floor" the W2 provides is cursed with a inherent "ceiling" my entrepreneurial temperament is repulsed by. My wife and I will achieve FI in 3-5 years with plenty of passive income to quit our jobs and go full-time into real estate which is my dream. However, I can't sustain this pace caged within the security of my W2. I love the idea of wholesaling and got a our primary residence at 60% of ARV even as the novice I am, but I have absolutely no time to drive for dollars or cold call but would love to start. My wife and I could still coast our way along living on her W2 and rental income but I feel obligated to provide more and build us a better life, I feel like I'd be risking that by going all in on wholesaling.

Advice? Am I being selfish or naive? What am I not considering? Has anyone been here?


My thoughts.........why not find a partner that can JV deals and do things while you're at work? Build enough cash reserves with your streams of income and while you and a partner get the wholesaling biz streamlined. After you've scaled and got it working like a well oiled machine......you can quit?

 I love this thought. I think it will also push you into looking for bigger deals as you'll have to split profits; ultimately the goal anyways 

Post: Keeping track of tenants

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

Google drive. It also may be a good idea for the tenant to initial the move in photos and scan them back in to prove any move out correction charges 

Post: Partnership structure 2 cousins

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

I agree with @Mollie Hess. 50/50 is fair if you're both bringing different roles and skills to the table that you both value equally in the partnership. 

Post: Sound Proofing Hardwood floors

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

I've put down the black tarping material you place under roods as an underlay before. It doesn't deaden the noise, but it removed the noise of the planks hitting the subfloor without making the floor feel squishy 

Post: evaluation of a property

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

It looks like it will cashflow a bit to me. I see this more as a long play rather than a BRRRR property for at least 3-5 years with what you've presented. There's not a ton of equity left over to execute a refiance or heloc right away

Post: CA lawmakers want an additional 25% cap gains tax for flippers

Tristan Gardner
Pro Member
Posted
  • Rental Property Investor
  • Mansfield, OH
  • Posts 129
  • Votes 89

Goodness.. I see why some many people choose other markets outside of CA.