All Forum Posts by: Zach Tobias

I will be attending the HAND departments Home Buyers Class on Saturday so unfortunately I cannot make it this weekend either :( 

Let me know if you guys need any questions answered!!

I can certainly understand that. I actually just found out today that hes over extended $250,000 on 3 commercial buildings he built around his office so he can't help me anymore. I have another friend that wants to flip some properties with me so Ill have to go that direction now. Thanks for the help everyone!

Build real estate portfolio of cash flowing properties with other peoples money

Make a return on his money

I believe it will meet both goals

Yah its a quiet kind of busy around here. I am in Bloomington and our economic base is Indiana University. The city is growing and there are a few projects that are up and coming that will bring growth and money to the area where these properties are located. 

Thanks Corey! I am looking at two other deals that would cash flow nicely and dont need a lot of work. They are unique because they have 3 homes on one parcel. 

So in any of these cases I would say that he would be my partner but I wanted to come to him with some solid numbers to be able to get something started. 

I am a new real estate agent in my area and I am looking to use private money to get my investment career started. My mom's boss is the president of a commercial construction company and said if I found a deal he would finance it. My question is what is in it for me and what is in it for him? I read forum posts and have read through the bigger pockets investing book but the water is still a bit muddy for me for some reason.

Duplex is listed at 123,000, I would earn a 3% commission on the deal.

Taxes are 1400/yr

Location is C but about to get a boost when the city puts in a brand new 60 acre park near the property

I would manage it, I used to work for a management company and learned how to fix just about anything

Both sides already rented by the year one for $550 and other for $650

The one side could stand to be updated but hasnt because the tenant has been there the last 8 years. The other side just got an update and looks really nice. 

From a private money standpoint, how would you want this deal structured? I would take care of the management because I am local and have that experience and I found the deal but what money would I make and what would he make on this type of deal? 

I apologize as well I will be working all Saturday unfortunately. Someone recap what happens at the meeting on here!

hey guys sorry I missed! I ended up helping a friend move some things until 3am and I didn't wake up in time. How'd the meeting go?

Hey guys! 

Ill be there this Saturday let me know if yall can make it.

@Thomas Landis will you be attending?

Incredible, just incredible! Your quote about getting started and just doing it is all too true. I'm in that mode right now, just get out there and do-stop waiting!

I should be able to make it! Need to ask the boss (check ins Saturday) but I'll do my best to be there.