Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers. Â
Rebeca Moreno
Buying my first multi-family unit
17 January 2025 | 9 replies
Are there any specific neighborhoods you are targeting?Â
Michael Ewers
Marketing Strategy Off Market Leads
12 January 2025 | 21 replies
Working to figure out which route has the best conversion rates when targeting specific neighborhoods.
Lauren Merendino
Pre retirement Strategy
1 February 2025 | 30 replies
Look for a location with low crime, then look for the neighborhoods with the best schools.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
Jenna Schulze
Best city to begin investing
8 January 2025 | 34 replies
My answer is: Invest in the market you know best.Within Dayton, there surely are decent neighborhoods to invest in.
Joe Sullivan
My Horrible Experience with Ron LeGrand's Financial Freedom
2 February 2025 | 22 replies
Not wanting to sound like an attorney, but companies like the teaser because they are on firm legal ground: so long as company clearly tell consumer prior to purchase when they must cancel by [knowing statistically enough will not comply in time to make the teaser marketing profitable] be it rebates on computer software that many folks will fail to mail in, or real estate CD w/â€mentoring†or whatever that some unfortunate folks will not timely cancel, or Chrysler minivans forget to return….Legrand was very ethical each time I or my partners have tried his teasers [no Mr.
Rereloluwa Fatunmbi
Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
So you have little control of performance, no mercy from your tenant pool, and a lot of risk in neighborhood.
Sebastian Nadal
Looking to House Hack in Chicago for the first time
8 January 2025 | 6 replies
Ideally I wanted to live in Lake View as that's my dream neighborhood, but I just didn't have the funds/income.
Luka Jozic
Experience of OOS investing in Cleveland after 1.5 years.
29 January 2025 | 107 replies
For C/C- neighborhoods you usually need to scale to 10+ doors; it's a numbers game.Â