Kevin Collins
REI Nation Experience
31 December 2024 | 32 replies
When it comes to turnkey investments you are paying for convenience essentially you are approaching it like a stock or paper asset when it is very much not... meaning that at some point it needs to be actively managed and evaluated and etc., etc., etc. for example finding cash flowing investment properties which meet your ROI goal of 9% is NOT HARD heck almost every state (and likely every state) has a market which will achieve that but what does 9% mean without a dollar value if 9% is = to $200 or more okay that’s okay but if 9% means $25/mo. or alternatively if 50% ROI means $25/mo. doesn’t really matter much since although labor differs from area to area it doesn’t differ that much and also doesn’t really leave much room for error — so your minimum accepted ROI should also be couple within a minimum accepted $$ value (cash flow) and other minimums as well (i.e. min. equity, property types, property classes, etc.)Lastly as I mentioned achieving a 9% ROI is not hard and is achievable in every state; the HARDER part is to 1) achieve that AND 2) achieve 10-20% min.equity on the buy in or ARV AND 3) meeting your min. $ value AND 4) buying in a good/stable neighborhood/market AND 5) buying with some type of upside AND 6) etc. etc. etc. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.
Salome D.
Multifamily Passive Investing
24 December 2024 | 23 replies
Developing that trust with someone you don't know may seem like a challenge, but if you approach it correctly, you should be able to achieve a pretty solid foundation of trust.The best way is to talk to others who have had an experience investing with the sponsor already.
Phil Johnson
Taking the next step
19 December 2024 | 5 replies
Best of luck on your journey—your approach is strong, and with persistence, you’ll be well on your way to achieving your goals!
Myers Bryan
Floorplan software recommendations?
14 December 2024 | 2 replies
Hi all,I tried Magicplan and found that it could not create a floorplan using my Android tablet's sensors as advertised and it's room-focused approach made doing a manual plan very difficult.So I thought I'd see if anybody has any recommendations.. here's my wish list:1) runs on android2) can either: scan walls to create a floor plan as I walk through a property, OR, allows me to enter in exterior walls, fix them in place, and then add rooms within either as walls or objects.Bonus:3) can send the plan to something that runs on Windows for further editingI'm looking forward to whatever you got!
Alex Silang
What drives you to aim to attain super wealth?
28 December 2024 | 23 replies
In addition to everything else, I think it's just a cool azz wealth building approach.
Caliana Johnstone
AI assistence for leasing
15 December 2024 | 5 replies
If I was approaching this I'd want chatbot that used the ChatGPT language model but was closed off from the internet and only trained on my data.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
I'm approaching $20K in lost income.I do plan to sue something when this ends.
William A Colas
Experienced investors looking to scale
18 December 2024 | 17 replies
It spreads their risk.In regard to market, there's a couple of different approaches my clients take:1.)
Satyajeet Dodia
Is my Entity Structure overkill ?
20 December 2024 | 28 replies
Are there any tax or management benefits to this approach?
Jason Malabute
HAVE YOU INVESTED WITH BAM CAPITAL?
3 January 2025 | 42 replies
We really like their approach and communication has been timely and meaningful.