All Forum Posts by: Brett Deas

Deals aren't found, they are made. Take something that is ok on the surface and see how you can improve it. 

It's relatively easy, but what those guys don't tell you is that they now have VA's and teams that handle all of it for them. Depending on the size of the property and how busy you are, you may have to put in a few hours a week (more if something happens).

Trying to achieve a 10% return is not that hard in syndications. But to do so you may only have a few options due to the fact that the greats require a high amount of capital. 

One thing I would look for is a mid-hold period with mid-returns. Something around 3 years and in the realm of 10-14% payouts. The hold period is important because if you want to be at 100K in ten years then growing your principal amounts are important. I would say prioritize growth over payout because the more you have the safer you can realistically get 100L in ten years. 

I have a great net-worth experience. My contact with them always puts out quality flip opportunities. However I have not had the best experience with new western due to the fact that most of their opportunities are not what I would say quality, and they focus on producing more output. This is just my opinion on the two here in Denver. 

My guess, and experience, is that most people aren't accredited investors. And 90% of syndications and passive opportunities out there require you to be accredited.  

College kids don't make alot of money, they are in college. the 3x is a bit much IMO. 

Not hard at all. Majority of my companies properties are all a few states away. It takes a while to learn about the market and which areas are good and bad since you don't live there. But the only thing that really changes is you use your phone more. You see it all through facetime and things, but the realtor still does their job, so does the lender and the inspector and everyone else in the transaction. The process doesn't inherently change due to the distance. 

Well be open and honest if you have a unique situation, I have learned if you confront them first it can save you lots of time if they cant work with you. Also, a few red flags are if the ask for money upfront (typically scammers), If they only try to sell to you (everyone should value the relationship), or if they have no references. One thing that is pretty normal is them trying to pre-qualify you first. Coming from an agent perspective us real estate vendors often get screwed because we spend a lot of time working for our clients then find out they couldn't qualify all along, so the initial qualification helps us not waste our time. 

Where my mind goes is, why am I seeing this good of a deal. If there is a "Great" deal sitting on the market for a little it is not a great deal because all the great investors have passed on it. 

Start the eviction paperwork now, that way the clock is ticking in case she doesn't move out.