All Forum Posts by: Turner Monroe

Welcome to BP!

That makes much more sense. Send me an email, I'd like to check it out.

Here's a BP thread about someone using a VA loan to fund a multi-family that you might find interesting [LINK]. Although I'm sure the intent is that you need to have it as your primary residence for a year or so, seems like the fact that the military might move you must be a known issue. I'm sure there are other people that have dealt with this. 

Nice pictures, rehab looks great.

What do the numbers look like? You should be able to get actuals for the NOI and expenses, just like any commercial expense.

@Dustin Mellor I think the difficulty is that people analyse the ARV and do the deal for the market price as it is TODAY, but they're selling the houses in the future, where the market price that you did the deal on has changed and eliminated your profit.

You can definitely make money flipping in a down market, but you'd need to buy enough below the market price today that you still make a profit on the reduced market price of tomorrow. And that can be hard to do when demand is so high.

@Josh Collins has some interesting points. Education is great, but what is your goal for it? There is often much cheaper ways to get an equivalent or better education than is taught in colleges. There are so many books, podcasts, and free courses out there now, this is the age of the Internet and free information after all! While going to a university program is certainly the easier, pre-packaged option, it's not always the best. 

For instance, if you are going to get a business degree you could go to a business school and go into debt, sure. Or you could go into the same amount of debt and do self study and start your own business, learning on the job. At the end of the master's program you will definitely be in more, while if you start your own business, you might fail and end up in the same amount of debt, or you could succeed and actually make money.It's higher risk, but also higher reward. 

The do-it-yourself approach is almost always the cheaper, but riskier and more difficult, than the pay to play approach. It also usually has greater rewards. It's true in education, real estate investing (turnkey vs flipping), business (self-employed vs 9-5), and more. I'm not saying that getting a Master's is a bad thing to do, it may be exactly the right fit for you at exactly the right price, especially if your goal is to get a teaching job in a University. I just don't think anything should be taken for granted, there's no "right" way to do things, and you don't explore all the options with an open mind, you'll never know which one is truly best for you.

Education is absolutely the best investment you can make, but there are many ways to get an education and it is often less expensive than people think.

I say set yourself up as if you have a much larger business than you currently do. Don't go overboard or buy a bunch of expensive things, but setting it up right now will allow you to grow and save you headache down the line.

Short answer: Pick an CRM and use it. There's lots out there that will work fine, HubSpot, Podio, Insightly, Salesforce, etc.

@Matt M., I'd love to know the answer to that.

Welcome to BP!