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StealthCalais11
LSU Fan
Lurker since 2007
Member since Aug 2011
11219 posts

re: Information for my fellow Real Estate Investors
What has been your strategy/success in finding off-market properties?
This post was edited on 8/2 at 11:38 am


Fat Bastard
Boston College Fan
Member since Mar 2009
45852 posts
 Online 

re: Information for my fellow Real Estate Investors
quote:

Well we haven't bought any more flip projects because it is so damn slow. Probably won't buy another in 2019.



smart move. you will be fine. you know what you are doing obviously.

quote:

It's a 2-3 year deal that should work out pretty well in the long run. May get to take a pic like the one you posted. haha



niiiice. sounds good. see you are already adjusting.

quote:

Hope all is well with you too man!


yeah, like i said previously in thread the apartment syndication is on the back burner for now. I'm staying patient lurking in the weeds ready to pounce like a tiger on a duplex or 4 plex once one comes up where i want at the price i want with good numbers. Probably keep doing HML until i am ready to do an acquisition.
This post was edited on 8/2 at 2:37 pm


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Fat Bastard
Boston College Fan
Member since Mar 2009
45852 posts
 Online 

re: Information for my fellow Real Estate Investors
quote:

What has been your strategy/success in finding off-market properties?





While i cannot disclose everything all i can say is you need to network, build leads, contacts, with lenders, insurance salesman, and especially with PM's nationwide. You'd be surprised how many of the above i listed will start contacting you or point you in the right direction. All of the above are working with RE investors and they have contacts also they can share with you especially if you do business with them. I have 4 ways(options) right this minute if I needed to sell any of my properties if needed.

I get offers weekly/monthly for my properties via mail and phone calls yet none are for sale. This happens with sharing information just like you networking.
This post was edited on 8/2 at 3:05 pm


poochie
LSU Fan
Houma, la
Member since Apr 2007
4265 posts

re: Information for my fellow Real Estate Investors
Is a plan of acquiring 3-6 multi family properties (say 12-15 units) with the plan of getting them paid off then retiring from a 9-5 job and and strictly managing your properties a bad plan?

I see a lot posts about never paying off and continuing to grow. What about just growing to a point then sustaining?


OleWarSkuleAlum
Alabama Fan
Member since Dec 2013
8534 posts
 Online 

re: Information for my fellow Real Estate Investors
quote:

I see a lot posts about never paying off and continuing to grow. What about just growing to a point then sustaining?


Theoretically if you are leveraged properly there is no reason to stop. You only gain from the economy of scale...


poochie
LSU Fan
Houma, la
Member since Apr 2007
4265 posts

re: Information for my fellow Real Estate Investors
Right, but again my goal would be to get set up with paid off rentals and strictly manage them while collecting income from there.

At some point there will be diminishing returns in terms of revenue and net worth with relation to free time.
This post was edited on 8/4 at 7:26 pm


jimbeam
USA Fan
University of LSU
Member since Oct 2011
59317 posts
 Online 

re: Information for my fellow Real Estate Investors
Property manager


poochie
LSU Fan
Houma, la
Member since Apr 2007
4265 posts

re: Information for my fellow Real Estate Investors
I’m asking if there is a downside to holding and sustaining?


Fat Bastard
Boston College Fan
Member since Mar 2009
45852 posts
 Online 

re: Information for my fellow Real Estate Investors
quote:

Right, but again my goal would be to get set up with paid off rentals and strictly manage them while collecting income from there.



as long as you want that and can handle that. it is your choice. if you are going to pay it off for more cash flow just make damn sure is is more then enough to sustain. not just bare minimum. many i know who do not pay off ever as i have explained before and some start to pay off properties to lessen exposure but only once they have cash flow annually = to acquisition prices to allow it.

for example you make 5 units a year off X amount of properties. the average cost of one of your properties is 15 units. so you keep building with leverage until you have hit 15 units a year in cash flow. Then annually you may or may not begin paying them off 1 at a time in full as long as you have other income to support you.

If you did this with paid off rentals and you handled the PM full time, yes i think that could work. Develop a good team. Completely up to you.


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Fat Bastard
Boston College Fan
Member since Mar 2009
45852 posts
 Online 

re: Information for my fellow Real Estate Investors
i will be adding a couple funding options soon to the other links on first page.


Rsande63
LSU Fan
Spring,TX
Member since Jan 2016
165 posts

re: Information for my fellow Real Estate Investors
(no message)
This post was edited on 1/10 at 3:02 pm


Fat Bastard
Boston College Fan
Member since Mar 2009
45852 posts
 Online 

re: Information for my fellow Real Estate Investors
here are new links.

I will also add to front page

Lima One Capital

5 arch funding

Fund That Flip
This post was edited on 1/12 at 11:02 am


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