Kody Smith
Transition from SFR to Multi Family 10-20 units
6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
Deirdre Lizio
Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
It sounds like this is a lot about getting the core services done right and following through on what's promised.
Del Brady
Can an introvert without a sales background succeed in REI?
14 January 2025 | 16 replies
I'm not sure why not - one of the great parts about real estate investing is that you can build a team around you for aspects you aren't as strong at or simply want to delegate to someone/expert and do the others yourself - look up "Core 4" for example - where you can have an agent, lender, manager, contractor all at once for your investments and can theoretically just let them do all the interactive work
Jason Baker
Wholesaling Market in Miami
12 January 2025 | 8 replies
The core problem is marketing.Marketing 101: Target the right audience with the right message.Here’s the truth: it doesn’t matter how much ketchup you put on a baby-cow burger—vegans won’t buy it.
Allen Berrebbi
Former visitor looking to invest in Peoria IL
6 January 2025 | 7 replies
I have two interests.One is a mixed use building in the core or downtown, but as a remote investor, concerned about lengthy vacancies.The second is a long term play.
Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
It just might be a different strategy involved.Cash flows through refinance or sale or operating cash flow is the same in my book.
Guillermo Perez
Rate my first BRRRR
8 January 2025 | 22 replies
.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
We fire them for lack of communication and lack of aligning with our core values.
Akshay Monga
H1B Couple Exploring Real Estate Investing: Seeking Strategy Advice and Networking
26 December 2024 | 7 replies
However, exploring out of state markets could offer stronger cash flow upfront, so it’s worth evaluating both paths.A piece of advice would be to focus on building your core 4 team: agent, lender, contractor, and property manager.
Rick Dane
Short term rental in Jacksonville urban core (or other similar budget areas)
12 December 2024 | 7 replies
From using the Airbtics app it seems there are a decent amount of STR's in the Jacksonville urban core, where houses are pretty affordable, and that these have good occupancy rates.