All Forum Posts by: Ben Feder
Ben Feder has started 51 posts and replied 169 times.
Post: Scam or Legit: Sales pitch for 3-day multi family bootcamp?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
Originally posted by @Michael H.:
@Ben Feder the objective here is to turn you into a lead source for them. They WILL find you money and even partner with you on cherry picked deals. You should also expect that they are going to sell you access to their software, tools, CRM's and if you never find a deal, their costs are covered from your fee and subscriptions.
I wouldnt be upset with them, this is the natuarl progression of guys who hit critical mass and need to grow their network
So you think they offer legitimate value?
Post: Scam or Legit: Sales pitch for 3-day multi family bootcamp?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
Originally posted by @Jess White:
@Ben Feder There is. Go work for an investor for free. Do their laundry, clean up trash on construction sites, do the stuff they hate. They will 100% offer some kind of value in return.
I understand the feeling that you need some program or mentor, but you don’t. Those simply make you feel like you are taking action when you aren’t.
My advice: Cold call ten investors and let them know you will work for them for free, just to be exposed to what’s going on. I’m sure they will have something for you to do.
Thank you for the advice! Definitely going to connect with local investors!
Post: Scam or Legit: Sales pitch for 3-day multi family bootcamp?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
Originally posted by @Shaun Weekes:
@Ben Feder
Or you can read up on everything on this site for free or ask questions for free and learn here for free. Save the 1.4k and put it towards your first down payment.
Ding ding ding ding ding! My thoughts exactly! Lol.
Post: Scam or Legit: Sales pitch for 3-day multi family bootcamp?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
Originally posted by @Alfred Dimartini:
Please don't be fooled by those guru schemes. As someone who fell for that stuff over a decade ago I can tell you there is nothing at those bootcamps that hasn't been covered better for free here on Biggerpockets!
Thought so! Thanks!
Post: How do you estimate regular expenses on multifamily properties?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
@Tj Hines thank you! What is the T3, T6 and T12?
Post: How do you find the right professionals for your deals?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
Originally posted by @Daniel Haberkost:
@Ben Feder
Have you been attending local RE meetups? I get most of my referrals from other (more experienced) investors who I met at RE clubs.
This has worked very well for me thus far.
-Dan
I am just starting so I haven't been to any. I plan on going to more, but I did go to a seminar yesterday where they tried selling me on an investing bootcamp (which I decided to pass on).
Where do you find your local real estate meetups? On the meetup app/meetup.com or any other good places where you can find one? I think I heard BP has local groups but not sure where to access that.
Post: Scam or Legit: Sales pitch for 3-day multi family bootcamp?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
Originally posted by @Michael S.:
@Ben Feder Best use of your $1495 is to use it as part of your earnest money on your next investment property. You can get more than $1500 worth of education right here on bigger pockets, and also from a local real estate agent who specializes in investment properties.
I thought that might be the case. I am trying to figure out how to connect with a local real estate agent (as well as other professionals I'll need on my team: lenders/investors, inspector, contractors, lawyer, management company, etc.).
Post: How do you find the right professionals for your deals?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
I am just about ready to dive into investing head first and begin doing deals. I know which professionals I'll need (realtors/agents, mortgage brokers/bankers/lenders, inspector, attorney/escrow/title, contractors, accountant, management company), but I haven't the faintest idea on how to find the right people beyond endless internet searches and screening, or hoping to find the right professionals on BP in the specific area I want to invest in. This seems like the biggest hurdle for me, besides financing my deal. Where to begin and how to proceed?
Post: What are the basic calculations to screen multi family deals?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
I am new to the investing world and have educated myself a bit. I just want to dive into investing already, but want to know the basic calculations that need to be done to screen and analyze multi family deals to determine whether to buy or not. I feel if I know the calculations, I'll be able to start investing really soon.
Post: How do you estimate regular expenses on multifamily properties?
- Investor
- Philadelphia, PA
- Posts 172
- Votes 57
When buying MF (residential and commercial), how do you estimate utility costs, capital expenditures, etc. before you even know the market prices? Or how do you find out the market prices for these different expenditures?
I am interested in learning how to estimate rehab costs, but that's besides what I'm asking about other, regular expenses that occur month after month; not just the one-time fixing/rehab costs?