All Forum Posts by: Armin Trepic

Hello everyone,

As a part of my full-time job, I get to process map the companies operations. I thought I’d cross this skill over to real estate to help people get a step by step view of the real estate investing process.

I am not a real estate investor myself, but I would love to learn. I think these process maps would provide a boatload of value to those who are starting out. If you’re an experienced real estate investor, feel free to reach out so we can get stared!

Hi, is anyone willing to help?

Hi everyone,

Thanks for clicking on this thread. I'm currently in a Real Estate Investing course (through my college) and need to interview an experienced real estate investor for one of my assignments. I can provide a consent and confidentiality form in order to protect your identity. I have five questions that I could use your insight on. You can either reach out to me via PM or if it makes it easier, comment your answers on this thread.

I really appreciate you taking your time out to read through this. The answers to the questions may help more people than just myself. :)

Here are the questions:

1. What is your business model?
2. Do you emphasize long-term holding of property or quick-turn buying/selling?
3. Do you have a specialty?
4. What do you look for in a real estate agent?
5. What issues do you run into with agents?

Thanks again, 

Armin Trepic

Consent Form:

Originally posted by @Joe Splitrock:

Originally posted by @Armin Trepic:

I was able to get some valuable insights from this book I read titled, Never Split The Difference , and essentially it teaches you that you have to look for information (in this case it would be from the tenant) that is causing him to act in a difficult manner. He may be in a situation where his life is difficult right now, and it's your duty to find out why. You can use the why as leverage. What situation is he in that is causing him to not be able to make payments? Drive towards a solution where you and the tenant come to an agreement and try to remember that he's human...driven by emotional reason. 

Hope that helped a little. 

 The tenants situation is that his landlord asked him to move out. So arguably his problem is that he doesn't have a place to live. The month of rent he didn't pay only happened AFTER he was asked to leave. My guess is the tenant is using that money for his new place. The agreement should be either pay rent or get out. If neither happens, then the tenant gets evicted. Nobody wants an eviction, so splitting the difference would be "you leave and I won't evict you".

 The book that I referenced is called "Never split the difference" for a reason. 😏

I was able to get some valuable insights from this book I read titled, Never Split The Difference , and essentially it teaches you that you have to look for information (in this case it would be from the tenant) that is causing him to act in a difficult manner. He may be in a situation where his life is difficult right now, and it's your duty to find out why. You can use the why as leverage. What situation is he in that is causing him to not be able to make payments? Drive towards a solution where you and the tenant come to an agreement and try to remember that he's human...driven by emotional reason. 

Hope that helped a little. 

Originally posted by @Drew Y.:

@Armin Trepic my advice would be two fold. 

1) Having a knowledge of the stock investing, I am assuming you have a risk tolerance level as well as ability to think long term (investing not gambling) . That said pencil out the numbers, buffer in for different  3 possibilities (worse(75%) , likely(100%) and best case (115%) example , and see if you can weather the storm of worse case scenario for 6-12 months. 

2)  Don't over analyze or look for the perfect deal. A lot of people get stuck in analysis paralysis, if you do the numbers, check them twice , three times over and they work pull the trigger, as a mentor once told me , "man the F up and put on your big boy pants" Knowing that I had done my research and ran the numbers and possibilities. 

3) Understand that **** won't be perfect, but the pains and failures that you experience will give you life lessons that will determine if you want to continue or if this isn't right for you. And its better than sitting on the side lines wondering , because if you fail and determine that its not right for you, then at least you can move onto something else and try to grow doing that instead.  

You hit the nail on the head with each one of those. I definitely try to minimize risk and look at both sides. I have been getting used to moving my body into situations that my mind is fearful of the past couple of weeks and it has really opened my eyes. I think there’s a lot of potential in the market right now. I’m at the stage where I have an a hard money lender, I’m prequalified and I have made a few offers so im waiting for one fish to bite. 

Originally posted by @Account Closed:

Originally posted by @Armin Trepic:

I’m a beginner real estate investor (0 deals) but I have stock investing knowledge and I’ve also noticed this trend. Keeping that 0 deals in mind (and actively looking at making my first), how should I approach this situation?

Contingency planning (stress testing and mental rehearsal).

When I bought my personal residence in the 1980s, for example, my budget was tight and I forsook earthquake insurance (most Californians don't have it). A year later, a large earthquake didn't damage my house, but it made me realize I might lose everything if one did. I then got the insurance and also went through the painful process of increasing my cash reserves in case anything else on my unthinkables list should happen. For example, if I should lose my job (as a homeowner, I was both the landlord and tenant), how would I pay the mortgage?

https://www.thebalance.com/how-much-should-i-have-in-my-emergency-fund-2388353

Great information. I think I will go for 12 months of reserves and make sure to include a rental property as well. 

Any advice on how I should approach my first deal? I want to rent but I also want to maximize with the BRRR strategy. How could I approach that? Thank you for your thought our response and time. 🙏🏻

Thanks Bill, Jacob and David! Would you guys please make a podcast episode where you interview an investor who has had multiple people come to him with deals and maybe go over why he chose a specific person/deal? Thanks for your time!

I’m a beginner real estate investor (0 deals) but I have stock investing knowledge and I’ve also noticed this trend. Keeping that 0 deals in mind (and actively looking at making my first), how should I approach this situation? Thanks for your time!