All Forum Posts by: Sam Ally

Thank you for your service. Cash flow for long term wealth my man is key and building a portfolio of performing rentals is an exceptional way to do it. So many things to put in place as you move forward, learn your numbers, build your systems and protocols and maintain the discipline you had while serving and you will do well. Surround yourself with others who have achieved what it is you wish to, and finally do not limit yourself to one area and walk before you run!!!

This is really simple @Will Schryver.  Unless you can fill your pipeline with deals on your own, they are necessary but should not serve as your only source for viable product. This business is filled with unscrupulous & predatory individuals at all levels, it is your job to properly vette at every level and stage.  The caution is truly if you are dealing direct or are they selling you another wholesalers deal with an additional mark-up.  That is the constant battle for investors as assignment fees skyrocket out of control. In fact we were offered one of our own deals by a wholesaler and found an additional 20K added to it by the time it made it's way back to us. Ryan above is spot on, as we see the full gamut from an investor and Lender perspective, especially in the Tampa & Orlando markets.  You must be vigilant about conducting your diligence.  There are an abundance in Tampa several of which I would have no issue directing you to, pending your needs of course. Some are polished and established, others perhaps a bit rough around the edges but they hustle to get you product and that has to count.  We have over a dozen wholesalers feeding us at any one point in time bottom line is if they send me something that doesn't fit my criteria they are removed, as that is the classic sign of "throwing **** against the wall" as the saying goes.  Investigate, interview take action do not make this harder than it is.  We are in a relationship business, the onus is on you to identify those that fit your model, establish and build a relationship that is win-win and you will find yourself in good shape. Meet everyone tour assets with them so you can see how they operate & act.  Happy to assist anytime. Good Luck

If you want a team that performs consistently throughout the Orlando market & beyond reach out to Yuri Gomez @ GWorld Properties.  You need boots on the ground for certain, as well as, zip code specific demographics on market cycles and trends in each area you explore, check with the Economic Development council locally aware of development in the area and future plans.  Be thorough. Finally, I must ask, if you are asking people on social sites like this to question what kind of diligence you should be doing, perhaps you shouldn't be doing it. No offense intended to anyone here but this is an industry full of posers and wanna be's and you as an investor must vette each source to insure it is credible and that cannot be done here.  Unless of course you reach out to each member to share a conversation and learn about their credentials. Real Estate is a relationship business, up close and personal. Set some meetingns get on a plane and get out here.  Good Luck

Welcome Mike.   I work with several wholesalers that send their clients to me to fund.  I will be pleased to put you in contact with them if you wish.  Feel free to pm me here and I will oblige.  Since you are coming in to town, I can arrange a meeting for you to meet one of them in my office on Dec 6th if you wish.   

I also may have some folks interested in your Michigan pipeline.  

All the best,

Sam

Stuart:  In the Orlando market you may wish to reach out to Yuri Gomez @ GWorld Properties He is a broker and an investor who has completes approx 40 or so flips yearly & has found many deals for others as well.  As  my man Justin said above Ryan @ SE  Pro  Title certainly "get it"  as well as Rebekah G. Gimenez  @Title Team downtown Orlando (unfortunately BP rules do not allow us to provide email or phone numbers feel free to connect I shall provide same)

If you operate in 3 states already you know how important "boots on the ground" are to your success. As investors with holdings in 5 countries and a Direct Lending division in Orlando I welcome the opportunity to meet with you in our office and share some insights while you are on your research trip here.  Will be happy to make time on Dec 2, 5th or 6th.  All the best and a very Happy Thanksgiving to you and yours,

Sam

Understanding how to use Leverage responsibly and mitigating risk is imperative if you desire to scale your business.  Leverage should be used to increase your buying power as well as your cash on cash return. As an investor and Direct Lender we are out in the field throughout the State regularly educating investors about a host of topics including using leverage, market cycles & the appropriate exit strategies to employ in each, as well as key economic indicators that we must focus on to grow and insulate our businesses from "boom & bust" periods which we've experienced regularly over the last 200 years.  History can teach us a great deal if we pay attention to it.  You must have multiple business models to build a sustainable business and if you are a "one trick pony" (one business model)you are not long for this business. Our evolution has truly been an intriguing journey from our humble beginnings as wholesalers, to residential & commercial holdings in 5 countries, and a Lending & Note sales division which offers opportunities for passive investors. Just like Life, this is a relationship business & our core values are simple, provide value, be of service and pay it forward.  I welcome the opportunity to speak and  learn how we may add value to each other.  

You can read all you want and listen to all the podcasts ever made, but if you do not take action upon what you've learned it serves no purpose.  Get off these forums, forget the seminars and go meet those in your market doing what it is you wish to do.  You want to flip houses?  Are you "flush" with cash? No one is going to give a newbie 100% funding, it's a myth. Do you know anything about home renovation other than what you've read? Have you ever run  your own business before? You need to see what goes on up close & personal and all the details and moving parts involved. This is not reality television, and while it's not brain surgery, it takes a great deal of knowledge, relationships, capital or access to it, and HUSTLE.  Reach out to meet and speak with those who know what you don't and can do what you cannot. Offer them value in exchange for their knowledge, intern with them for a while if at all possible.  This industry is full of unscrupulous types simply because of the money involved here, you better be prepared or it will eat you up.  Unfortunately there are not enough reality checks on this or any of these forums, while it is not my intent to scare you off, you better be prepared for what you are jumping in to. Whatever it is you do professionally right now, did you learn it overnight? Doubtful.  Those that treat this as a hobby or do so part time typically fail. In fact all those seminars, bootcamps, courses etc have a 97% failure rate.  Meaning only 3% of those involved in them succeed.  Do you have what it takes?   Good Luck!

Do you have a specific question @Ruth VARTHOLOM?  Orlando is a sound market, however, inventory is tight.  If you are going to "Flip" do you have "boots on the ground" here.  Have you performed your market research & analytics?  Are you going to be an absentee investor while others perform thei renovations etc? While diversifying strategies is imperative, what is your goal with flips since this is now the time to be building cashflow i.e adding to your rental portfolio.??  So many questions, so many details to cover.  As an investor and a Direct Lender we see many horror stories of those from out of state or country "jumping in" to this market.  You must travel here review the landscape, meet with industry professionals and put your "model" together prior to taking the plunge.  I will be more than pleased to share a conversation with you and your hubby anytime. Careful where you tread.... 

Hi Brian & welcome to the forum.  Flipping and suplementing with additional cash flow, that's music to my ears!  There are so many individuals stuck in a rut or as we say "one trick ponies" within our market it is refreshing to see you operating both a cash flow and distressed business model.  We are investors operating multiple models which includes a Direct Lending division based in Orlando and serving the state.  I welcome the opportunity to speak and learn how we may add value to each other.   

@Account Closed  I urge you to take some of that flip money and apply it to building your cashflow portfolio, this is where the market is currently. We went from 15 flips monthly in So.Cal to building a rental portfolio in Florida and shall continue to focus on building that for the next several years.  Position yourself properly and I guarantee you 2 or 3 yrs from now you will find an abundance of properties at 35 cents on the dollar.