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9 September 2024 | 52 replies
I might be a little biased because we started purchasing places around 2009/2010 and we were picking up screaming deals all over the place (3/4 of our portfolio is made up of homes we purchased for ten's of thousands of dollars that are now worth hundreds of thousands).
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5 September 2024 | 17 replies
Very likely I would.Would I buy a suburban 80s built multifamily surrounded by cranes putting up thousands of new multifamily units?
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2 September 2024 | 18 replies
I have a MFR developer client that must be a multiple 100s of millions in net worth(a few thousand MFR units in Socal alone), he signs personally as the president/owner for his entity(ies).
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3 September 2024 | 5 replies
And given that many syndicators that offer paid mentorship cost in the 10s of thousands, I would just be very clear with each group you talk to on what you are needing versus what they actually offer.From the bits I have seen about a lot of people's mentorships (to be clear I have not gone through any), they cover market selection, basic underwriting, some marketing, basic legal compliance items.
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8 September 2024 | 168 replies
It literally took me years to get all of the pieces into place, but now I have a huge amount of freedom and flexibility.
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6 September 2024 | 24 replies
You are right, many investors overlook the cap ex side of SFH product, when a roof or HVAC can run you $10K+, re-piping $15K+, and even smaller issues like windows and siding in the thousands.
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4 September 2024 | 84 replies
Literally any business must have the potential of scalability in order to become successful.
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4 September 2024 | 10 replies
You buy at a small price thinking high cash flow yield but then do not factor to renew tenant will likely want new roof, parking lot, etc. at hundreds of thousands of cost.
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1 September 2024 | 8 replies
I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... ....
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4 September 2024 | 25 replies
We are talking hundreds of thousands of dollars more.When you are approaching the listing agents on MLS properties, what is the conversation?