All Forum Posts by: Account Closed

@Amanda Barker

Your journey inspire me and give me motivation,

Thank you and Congratulations to you guys!

Actually me and my husband have some properties here in Tampa and surrounding areas. He owns a property management company and I'm Realtor. We also are working hard to get that dream. We are definitely interested, let us know⭐

Luisa Londono

@Amanda Barker very inspiring story. I have a similar story. This is technically my first year of committing to RE investing and to date I have been able to put 21 units under my portfolio plus a short term rental. I was also a GP on a 88 unit and an LP on a 7 unit. I’m trying to close something else before the end of the year. Next year I have way bigger goals. I’m very curious about your mastermind group if you could share the info I will truly appreciate it.

If you were to give 3 tips for yourself when you first started what would it be?

Congratulations Amanda and Javier! You both achieved you`re goals I`m so happy for you. My question is how did you get the financing for all of the properties? Was it conventional 25% to 30% loan? The market that I`m looking to purchase my first investment property is in Cleveland as well. I currently live in San Diego County Ca. I`m looking to partner up on a possible quadruplex here in Cleveland. If that something that you and Javier might be interested please feel free to contact me thru bigger pockets and then I will give my personal contact information to you. Thank you, Dale Osborne! 

@Account Closed What an amazing story. I admire investors that blow their goals out of the water. Most of my investors and investments come from 1-4 units/residential, which they buy in volume. I am curious to know your numbers on this deal? Maybe I missed it in the article but I would love to learn more about this!

Congratulations for an excellent year.

I would just like to say that I believe your mistake #1 of self-managing for three months was not a mistake but a fortunate accident for you. Yes it sucked but you learned a lot. There are a number of landlords who have unrealistic expectations of property managers because they have never done at least enough to deal with most problems that come up time and time again. And there are property managers that tell their landlords stories and the landlord doesn’t have enough experience to know it is b.s. How can you really do a good job of managing your manager without that background? It slowed you down? This may have been a good thing while you gained real world experience before pushing forward with more growth. There are lots of examples of companies that grew too fast and failed because of it.

I don’t know if I would want to landlord in Seattle no matter the numbers on residential property. The appreciation may be great but their laws on evictions are not. I would probably look out of state as well.

So inspiring and awesome to hear this! I’ve been wanting to make the transition to Multifamily and this lighting a fire under me too. Congratulations!

@Amanda Barker

Hi Amanda, you mentioned in mistake #2 that owning single family is safer but multi-units or bigger units are more efficient; as a beginner, I am just starting to purchase my first property in San Antonio, Texas (single family) and I aspire to own multiple multi-unit complexes.

I'm having a hard to figuring out how to come up with the revenue, to make multiple purchases either single family or du-plex etc..., within one year. If I am using my own money, how does one acquire so much revenue in a short time frame, to turn around and purchase another property? With the exception of cash offers, how does one purchase multiple homes,, using conventional or FHA loans in such a short time frame?

so, how did you become GPs without having any experience in syndications? i sure hope those LPs (and you) know what they're getting into.