All Forum Posts by: Adam R.

@Zachary Coombs 

Thank you for sharing.  I had a couple of questions if you are willing to share your experience.  How have you been financing your purchases? How long did it take you to ramp up to this number of properties? Have you had to remodel any of them? Thank you again. 

10K is not quite as bad as what I was thinking it would be.  I would try to find out more about the program, but in making your decision think of this $10k as you would any other investment. How long will it take to recover your investment and what is the return. Also consider the lost opportunity of actually working at a job and obtaining experience and earning additional cash.

From the course list it looks like there will be some good information, but consider what your goals are for the next five years and whether this will get you there. If you want to get a job working for a large property management company or an investment firm, then this may be a good start.  Ask the program directors where graduates find jobs and how quickly.  Make sure you confirm that these are jobs in the commercial real estate field.  Ask them if they can put you in contact with recent graduates to discuss their experience.  

It depends on what you want to do, but if I could start all over, I would absorb as much of the free information that you can from this site, house hack a multi-unit property (multiple times), and start building a residential portfolio. Maybe once I have enough cash flow and capital move into commercial.  

Good Luck

Take this with a grain of salt because I don't know anything about the program, but if it costs anywhere close to the cost of my degree from BU, you are better off saving that money and using it to start investing.  Most university degrees are useless, unless it is a specialized field or provides you networking opportunities that pays for the degree (think Harvard business).  Definitely get other opinions (hopefully from people that were in the program). However, that is my two cents.

@Whitney Hutten Thank you Whitney

@Whitney Hutten Thank you Whitney. The plan is to be at a high enough valuation to pull all or most of my cash back out. I want to do a couple of deals to learn the process and then ramp up to as many deals as I can handle at one time.

Does the cost of the geographical area play into whether the lenders will finance? A home at $250- $300k would be at the upper end of the spectrum for a broad area around where I am going to invest.

@Kyle Kerekes thanks for the insight. That is the approach I would like to take and it’s good to hear the area is improving.

@Kyle Kerekes How difficult are the tenants? I know that it has had some tough economic periods in the past.

@Andy Eakes thank you

@Andy Eakes thanks this is what I was thinking. In the videos where they analyze a deal they are using private money even when the purchase price is relatively small. So I thought there may be something in the process (e.g. refi) that made borrowing the better option.

I am educating myself on the BRRRR strategy in preparation for investing. I am targeting cash-flow properties in the $40-$60 thousand dollar range. With the ultimate goal to scale up to a point that I can quit my jump and moving into investing full time. My questions is, If I have sufficient cash on hand to finance the purchase and repair of a few projects, is it better to use that cash or is there still a benefit to using private money? I am just starting out, so I don't plan to have more than a couple projects occurring simultaneously. I understand that down the road, if I am able to scale up to more projects simultaneously, private money may be required. Appreciate any insights. Thanks