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7 July 2024 | 11 replies
So being that you seem set on going to college here's my advice,3 big thingswhile in college you can only do so muchwork part-time or intern with real estate agencies, property management companies, or real estate investors, which some colleges per degree may require an internship anyway.networkjoin campus real estate clubs and national organizations like the National Association of Realtors (NAR) or local real estate investment groups.
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5 July 2024 | 2 replies
**Ongoing Compliance**: What are the ongoing compliance requirements for maintaining an LLC?
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8 July 2024 | 21 replies
Almost everything we bid on goes at over asking price.
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8 July 2024 | 42 replies
If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events.
6 July 2024 | 4 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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5 July 2024 | 11 replies
Not looking for free advice, but reliable advice and an ongoing relationship as we travel this path.
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12 July 2024 | 281 replies
I wanted to tell the guy to get out of his car and clean up his mess but by the time I hit that part of the conversation it was already cleaned up.It's been an ongoing problem with pigs heaving their fast food garbage out their car windows instead of walking 50' over to the garbage can, and when I actually caught someone doing it I just lost it.I've got some pretty hi-res cameras out there now and have levied fines against several tenants for not putting their trash in the dumpster.
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4 July 2024 | 1 reply
My plan if i get the properties will be to Buy, slightly increase rents (as they are currently 200 behind market,) as tenants move out, renovate the properties with my BRRRR team in between ongoing Single family homes.
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3 July 2024 | 5 replies
I understand most East coast and mid west sellers and buyers insist on going to the closing office and sitting around a table..
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6 July 2024 | 24 replies
Got to do what you must if you think it will be an ongoing problem.