All Forum Posts by: Anna McGill

So I've been wondering about different real estate products out there. I've been to a few of these events and they try to sell you on a package where they provide all of the seed capital and all you have to do is the management and finding the properties and they provide coaching and training. Have any of you used one of those?

@Account Closed Totally agree! Just started getting into REI and trying to find the best ways to find seed capital.

What if you could have a fully managed, yet profitable real estate business? That was my thought when I came across the idea of combining wholesale real estate with property management companies. Typically it won't be as good as finding it yourself but I've seen good success with using wholesale real estate and also found some relatively low fee property management companies. So long as I could secure the seed capital and the property management company takes on the liability from there what's the risk? 

Thoughts?

I've been a practicing realtor for the good part of the last 16 years but I finally decided to jump ship and start doing some investing of my own. I'm curious to hear the stories from any of you that have acted as your own broker. Did it help you cut down on seed capital needed by cutting out the broker fees or was it that big of a part of what it took to get started?

@Sky Mikesell appreciate the wealth of recommendations! Definitely prepared to get bombarded with suggestions, I've been working more part-time while I've been starting on investing so more than ready to take some time and jump into a few books!

What are the best tools out there for tracking expenses you've been using. I feel like I've been burning through my seed capital budget but having a tough time keeping track of every expense to manage things better. Spreadsheets, software, apps? How do you keep track of things in a collaborative way when you have a team making purchases?

I'm a huge bookworm! Love me a good classic novel or fiction thriller but managed to trying to convince myself to start loving to read books on real estate and finance. Looking for books relating to seed capital, deal negotiating, success stories in real estate. Suggestions?

So I have a tenant that wants to start a garden and wondering what experience there is here. She's talking about a fairly large scale garden behind one of the units of a multi-unit and offered to pay the costs. Do I need to worry about liability here? Does it affect the value of the unit at all? Also don't want my property to turn into a seed capital where she plants things everywhere and it starts getting into the neighbors units and killing any plants/shrubs they own.

I think you should be careful how you're using the phrase "glass ceiling". That being said, I think you might want to look into a secured business line of credit and look into credit unions too

I think behind the politics of it, I don't think the economy really fully recovered from 2008. Yes the real estate market is back yup, yes there's job growth, but it's not what it used to be as far as the real estate prices and wage growth we've seen 10-15 years. I think the globalization has tied together economies so much that any impact anywhere affects all of the countries. So to that end, I'd just keep doing what your doing.