If I were to guess, here's what my friends did today: @Serge S. spend today thinking hard about the next $500,000 @Brian Burke took his wife in his plane to Malibu, or something, and spent money he has @Brandon Turner took his wife to Hawaii and spent money he does not have! :) Me - I helped my wife...here's how it went: • went and picked up raw milk from the farm - do it every week • went and picked up fresh eggs from another farm • bathed both children in epsom salt baths • made a broth - that's hugely difficult actually • and in between all that, I published a post on justaskbenwhy, and submitted a killer post to BP for upcoming Tuesday - you guys should totally not miss this one! I made no money today. But, on the bright side, every one of my tenants is paid up for the month, and that'll work... What did you do today?

@Ben Leybovich - I was just telling a friend I work way more than when I had a job. But I love it so it is not really work.... We are just trying to pull off our biggest purchase yet which will reach our goal and allow my husband to leave his job, so it is all hands on deck for the next 6 weeks to pull this off.

Spent the day playing Lego with my son - he was building an apartment complex ;-) Turns out he's a vertically integrated developer, we had to build our own Lego work crew, trucks, and crane before we could start the building. :-)

I thought "Hey I have some time before the football games start, I'll go out and check on this foreclosure lead right up the street, You know do lots of looking and learn my market", I got up, went on the road. I arrived at the development and made the left, BAM I was committed. I have never seen such poorly treated roads, I mean a sheet of ice 4 inches thick and the entry road was down hill, nothing I could do but hold on for the ride. About 2 blocks latter I was sideways In a ditch, 3.5 hours later waiting for the tow truck that is now stuck right along side of me. Its one of those times when you wonder is this REI business really for me but then I realized I learned something about my market, be it the hard way but none the less. If I looked at this unit in the spring and bought and invested time and money thru the summer just to find out the roads are not treated by township or development all thru the winter, I would have been really POd. Just one more place in my market I will not be investing. Buy the way my truck is still there.

What Did You Do Today?

Brian BurkePro Member

Investor · Santa Rosa, CA · Member since 2012 · 2k+ posts · 7k+ votes

11y

Ha, nice try @Ben Leybovich but no dice. I actually spent the day getting caught up on emails and reading articles and economic reports and listening to a BP Podcast (no, not my own).

Oh, and one more thing (and you were close on this one)...checking the weather for my flight tomorrow to Santa Monica (close to Malibu!) and Palm Springs. But my wife isn't going...picking up my lawyer in Santa Monica and going to a meeting with some guys at the National Multihousing Conference in Palm Springs.

See...some of us are working, Ben!!

Podcast Guest on Show The Truth About Real Estate Investing in 2024 (What Investors NEED to Know)

2 Reply

Ben Leybovich

OP

Rental Property Investor · Phoenix/Lima, Arizona/OH · Member since 2012 · 4k+ posts · 4k+ votes

11y

Hey - the shortest rout for you is through Lima, @Brian Burke - and weather in Ohio is always sunny! I wanna come work too....please :)

0 Reply

Steve Vaughan

Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes

11y

Showed a rental and shoveled some snow while listening to my Seahawks come back out of nowhere against the Packers. Go Hawks!

3 Reply

Jeff G.

Investor · West Bend, WI · Member since 2014 · 214 posts · 149 votes

11y

I got an accepted offer on my first rental property!

15 Reply

Ben Leybovich

OP

Rental Property Investor · Phoenix/Lima, Arizona/OH · Member since 2012 · 4k+ posts · 4k+ votes

11y

@Jeff G. - congratulations! Want to share some details?

0 Reply

Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

11y

continued my journey in the deep south meet with property manager and turn key operator in Birmingham then proceeded to jackson.. Started the trip last Tuesday in Charleston.. then Atlanta... getting my boys and girls ready for an awesome 2015.. anything but waiting for deals we are creating deals !!! and they are as good or better than last year !!

Podcast Guest on Show #222

JLH Capital Partners51 Review

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5 Reply

Account Closed

Contractor · Raleigh, NC · Member since 2014 · 651 posts · 510 votes

11y

Attended church. :)

9 Reply

Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

11y

@Brian Burke sounds like a fun trip.. I like aviating in the LA basin very fast radio calls.

Also if you have not done it zip over to Catalina !!!

Podcast Guest on Show #222

JLH Capital Partners51 Review

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1 Reply

Jeff G.

Investor · West Bend, WI · Member since 2014 · 214 posts · 149 votes

11y

bought for 38K.

2/2 duplex.

fully occupied

rents for a total of $995

figure positive cash flow conservatively of just under 6K/year

3 Reply

Engelo RumoraBusiness Member

Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes

11y

Originally posted by @Ben Leybovich:

If I were to guess, here's what my friends did today:

@Serge S. spend today thinking hard about the next $500,000

@Brian Burke took his wife in his plane to Malibu, or something, and spent money he has

@Brandon Turner took his wife to Hawaii and spent money he does not have! :)

Me - I helped my wife...here's how it went:

went and picked up raw milk from the farm - do it every week
went and picked up fresh eggs from another farm
bathed both children in epsom salt baths
made a broth - that's hugely difficult actually
and in between all that, I published a post on justaskbenwhy, and submitted a killer post to BP for upcoming Tuesday - you guys should totally not miss this one!

I made no money today. But, on the bright side, every one of my tenants is paid up for the month, and that'll work...

What did you do today?

BL,

I tore both hamstrings today playing soccer. Only my 2nd game in 2 years.

I will be limping tomorrow when we meet lol :(

Thanks and see you tomorrow.

Podcast Guest on Show #89

Oz Realty4.5367 Reviews

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0 Reply

Ben Leybovich

OP

Rental Property Investor · Phoenix/Lima, Arizona/OH · Member since 2012 · 4k+ posts · 4k+ votes

11y

@Engelo Rumora - I was just about to message you. We've had to move the appointment cause Aaron came down with a bug. I will, unfortunately, have to postpone. I'll reach out when we plan to come out, and if you are available we'll hook up. Sorry :(

1 Reply

Engelo RumoraBusiness Member

Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes

11y

Originally posted by @Ben Leybovich:

@Engelo Rumora - I was just about to message you. We've had to move the appointment cause Aaron came down with a bug. I will, unfortunately, have to postpone. I'll reach out when we plan to come out, and if you are available we'll hook up. Sorry :(

No prob at all mate,

Feel free to reach out anytime and sorry to hear Aaron is not feeling well.

Have a great evening :)

Podcast Guest on Show #89

Oz Realty4.5367 Reviews

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1 Reply

Pyrrha Rivers

Investor · Yokosuka, Japan · Member since 2014 · 631 posts · 184 votes

11y

@Jeff G. It is Monday morning here in Japan. MLK so I have a day off and this is how I've spent it.

Finished reading the book The 5 Lessons a Millionaire Taught Me by Richard Paul Evans. (Easy read with great actionable steps to follow).
Have been on BP reading posts and writing responses to topics that interest me and also networking trying to find members to build mutually beneficial relationships.

2 Reply

Account Closed

Property Manager · Baton Rouge, LA · Member since 2014 · 2k+ posts · 195 votes

11y

Been looking all day on line for refinancing for my house. Got a denial from a idiot underwriter the day before closing after he had me pay for an appraisal, and send dozens of my confidential documents. Yes? ignorance of Louisiana Real Estate Law by SunTrust Mortgage underwriters disagreeing with my Title company. Oh yes! files to BBB, and letters to people to help with my Pain

0 Reply

Tom Keith

Investor · Longview, TX · Member since 2012 · 631 posts · 186 votes

11y

@Ben Leybovich we FINALLY listed our first fix and flip today.

4 Reply

Brian G.

Entrepreneur · Miami, FL · Member since 2013 · 133 posts · 83 votes

11y

Working on my flip property stripping tile on concrete with a super loud jackhammer and all neighbors are now mad at me :-) But the tile had to go...

4 Reply

Account Closed

Minneapolis, MN · Member since 2014 · 332 posts · 288 votes

11y

Brian Burke how many days will you be at NMHC? I'll be there as well and would like come say hello if you are around.

0 Reply

Ned CareyPro Member

Moderator

Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes

11y

I played the guitar and played with my dog.

@Ben Leybovich you did earn money today. You eared 1/31 of a months rent from all your tenants. Not bad considering you spent the day making a broth out of babies and Epsom salts.

Ewe Yech; baby flavored broth

8 Reply

Serge S.

Rental Property Investor · Scottsdale, AZ · Member since 2010 · 390 posts · 599 votes

11y

@Ben Leybovich well since you said I'm the only schmuck left that buys homes with 25% down, you guessed it, I'm feverously searching for homes to buy with 25% down:) In all seriousness ... working hard to get some units in my 56 unit fully furnished for superbowl vacation rentals. VRBO rented very quickly at a very high rate which will eat all my loss to lease and vacancy for January. Quickly rented out nearly the entire spring and now looking to get another 1-2 units furnished and rented.

@Brandon Turner take note. You were asking about vacation rentals. I finally took the plunge and think I've stumbled onto something big. The high revenue of short term rentals in a multifamily complex can add some serious value to a complex. We shall see how that goes. Fingers crossed I don't get bad reviews with my first couple visitors. Was hoping for a Packers Patriots Super Bowl as those are the fans that travel but should be fine w Seattle New England. Might have as many as 3 vacation rentals for Super Bowl weekend.

Working to close an acquisition line of credit with Colony Finance to fund my 2015 SFR purchases. I have a year to deploy the capital, question is will there be enough deals? Looking at 1% deals in Arizona, newer construction over $1k gross rent and acquisition prices around $100k. Far cry from what I'm used to buying but hoping to buy with a minimum 25% front end equity. Sell at retail after a lease term or two and keep the best ones. Got my chips on metro PHX continuing to grow population long term.

Finally negotiating with an internet provider on a tower lease. I purchased a mobile home on an acre across the street from my 12 plex. Found out about the auction last minute and bid/won site unseen. Went to visit the property for the first time last week and found out it had a large wireless internet tower owned by a large operator. Found out that specific tower provides internet to over 200 homes and its the only game in town for that rural area. I'm hoping for a nice revenue share which will at least double the gross income on an otherwise average deal. $40k for the mobile and land, $750 rent, $10k rehab.

Last but not least checking the forums to find out I've been called out for being the only Schmuck on BP buying homes with a downpayment. Oh well ... got to stay relevant somehow. How about 50% off Cash Flow Freedom University?

2 Reply

Dawn BrenengenBusiness Member

Moderator

Real Estate Broker · Raleigh, NC · Member since 2014 · 2k+ posts · 1k+ votes

11y

Slept in late thanks to my wonderful husband. He spent the morning taking care of the kids. Cleaned the house and had a short play date with a neighbor. Took down the Christmas tree and went on a family walk at a nearby lake. Work-wise, I answered some emails, texts and phone calls. I did some research for comps and potential buy and holds for clients. It was a light day. I started listening to a new audio book - Miracle Morning for Real Estate Agents.

Podcast Guest on Show #101

1 Reply

Zoran M.

Real Estate Investor · Cleveland, OH · Member since 2013 · 301 posts · 112 votes

11y

1) slept in till 7:30!

2) bathed our newborn!

3) delivered a electric fireplace for the master bedroom of our latest flip in Cleveland

4) lunch with my wife and parents

5) cleaner, watched football, had a few Great Lakes Brewing Company Christmas Ales

6) year end accounting .. Uhg

0 Reply

Willie Sparkman

new orleans, LA · Member since 2014 · 8 posts · 4 votes

11y

Today I spent about two hours networking on BP with investors in and around my local market. By doing so I was able to pick up to properties that I'm sure I will be able to wholesale quite easily. So today was a good day. Also I upgraded my account from basic to plus and it paid off already!

3 Reply

Brie SchmidtBusiness Member

Moderator

Real Estate Broker · Chicago, IL · Member since 2013 · 6k+ posts · 5k+ votes

11y

Hammered out the details on a 3 unit and a 4 unit I offered on yesterday, went under contract for a 6 unit I offered on Friday. Did some accounting, had some friends over to watch the Packers lose it bad to the Seahawks and then watched the Patriots kill it.

Tomorrow I am seeing a few properties with clients (from my Chicago brokerage) then setting up inspections for the new properties, finishing up this weeks accounting, preparing for our Chicago meetup Tuesday, and prepping for my week out of town

Podcast Guest on Show #132

Second City Real Estate4.821 Reviews

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1 Reply

Kevin C.

Real Estate Investor · Burien, WA · Member since 2014 · 286 posts · 98 votes

11y

Today I spent time on BP reading the UBG, some forum posts...asked a question and followed up on some previous questions I asked.

I also worked on Building cigar box guitars with my Uncle and watched the Seahawks come from nowhere to win and go to the Super Bowl! Go Hawks!!

And @Ben Leybovich , broth is not that hard, I could teach ya( cooking may be my unfair advantage at this point. Lol.

Great to see what others were doing and the wide range of activities

I think k I need to go figure out how to set up my signature.

0 Reply

Isral Konopa

Arcata, CA · Member since 2015 · 14 posts · 9 votes

11y

Rode my bicycle around my target market (cycling for dollars?) looking for potential investment opportunities while listening to BP podcasts. Nerded out on Excel building spreadsheets to compare investment properties. How does the saying go, if you find work you love, it wont feel like work. Now if I could only start making money doing this!

7 Reply

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What Did You Do Today?

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