All Forum Posts by: Heshel Mangel

@Ryan Evans this person is not just trying to grow a personal portfolio but to open an investment business - to find, acquire, and manage deals for other people. Some paid subscriptions and software they might want like CoStar, Yardi, Business reports, Buildium, a CRM software, Quickbooks, etc..

I am sure this question has been asked before, I am doing some research and survey, and would appreciate any suggestions, thoughts, and advice. 

The scenario: 

"I have been a casual real estate investor for some time, but am looking to ramp up and create a full scale business. I have $30,000 saved away for whenever I should want to start a new business. What is the best way to allocate that money - is it (1) networking events (2) marketing programs (3) business development - software and hardware necessary to build out the business (4) buy a property"

For the sake of keywords - let's say this real estate investor was in Cincinnati, Ohio - or anywhere in the Midwest, and was looking to buy and hold multi-family properties. 

Thanks in advance!

I wouldn't call it "selfish" as much as providing value and building a business. People value value and will pay for it. If the guy has value to share, why not leverage that and use it to build his business? Please tell me one person in the universe that just goes providing value without expecting anything in return? Being in win-win situations isn't called selfish, it is called going about business the right way.

Thank you @Michael Ealy for the shoutout. Doing big things!

How about Net Leases for retail? 

@Jaideep Balekar welcome to the site! I have a couple suggestions for you, feel free to PM me. 

What is your strategy with these investments? Fix them up? Rent ready? Flip them or hold them? 

There is a @Joe Fairless meetup tonite in Deer Park, I suggest you stop by, you are sure to meet exactly the people you are looking for!

@Matthew Welk welcome to the site! I am local to Cincinnati, so will be biased towards there. There is a great amount of opportunity to build a solid team here to execute your strategy. If you are full-time in your job, have you thought about investing passively in larger deals? There may be some merit in that route should you decide. 

In either case, please do let me know if I can be of value to you in any way. As I said, I am local and have multiple investments here in Cincinnati and would be happy to lend a hand. 

Happy investing and happy holidays!

@Dj Hume Great find! Finding units not overpriced in OTR is pretty hard these days. 

My question is - have you raised money from investors before or was this your first time? Did you put the property under contract before you opened the fund to your network? How long did it take until you raised all the funds you needed? 

My 2 questions to you @Michael Ealy would be: 

How did you build a team of trusted contractors and developers to be able to get to the point where you are vertically integrated? 

Why is most of the education and content related to apartment investing. Would you suggest other commercial asset classes? 

Looking forward to Wednesday!

Welcome to the site @Rachel Loftspring! You are bound to learn alot by interacting here. 

What type of properties are you looking to invest in? Do you have any partners/team members on your side yet? I'd suggest heading to some meetups and network with others in your very position. 

Thanks for the tag @Yonah Weiss!

Honestly got to up my reading game. I just committed 1 hour of my daily schedule to reading/writing so that should be fun. Will definitely take some suggestions from here. 

I do soak in podcasts - I just completed episode #300 of the @BiggerPockets .com podcast. Love @Joe Fairless and @Michael Blank as well.