All Forum Posts by: Brett Romero

I wonder how you cope with all of the hallucinations? When you catch it, it is always, "You are absolutely right. My analysis was incorrect. Let me try that again". And this happens constantly.

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Quote from @Ken M.:

Quote from @Marcus Auerbach:

Quote from @Brett Romero:

Hi. Does anyone know of a freelance-based real estate coach that I can utilize on an hourly basis? I'm looking for help with analyzing properties for long-term rentals. All of my searches keep bringing up real estate programs that you have to pay $100s/month for to get any kind of coaching. That's overkill for my needs. I'm not a real estate agent and not looking for marketing type help.

Thanks,
Brett

REI is not rocket science. You don't need a coach. And I'd argue you don't want one. If you feel like it's a knowledge issue, then read REI books. And if you feel you need someone to hold your hand then you are not ready mentally.

If you look at listings every day for an hour, you are a local expert within a month. It is really a mental journey; before you can be a real estate investor in the real world, you have to become one in your head.

$100/mo is going to buy you a dude in a call center reading script. At best. Here on BP you have plenty of people with 7 and 8 figure net worth, who will spend an hour answering your questions for free - just because they love it and want to see you succeed!

I understand your sentiment, better to get started rather than worry so much.
He wants to have long term rentals.

But, I don't think you can learn how to deal with tenants, landlord tenant law, collecting rents, evictions, cashflow, contracts, capital expenditures, marketing, clogged toilets, lead paint hazards, dog bites, lot lines, and on and on from reviewing listings.

He has a valid concern. He doesn't know what he doesn't know.

Joining a REI group for $20 a month is his best approach IMHO. (NationalREIA.org) Over time, he will have what he needs,

However, I think he wants to avoid the trauma of lawsuits, police visits to the property and 3:00am phone calls. ;-)

Having rentals is not a walk in the park.

What you just said.

I always get at least a 2nd pair of eyes to check my work. The bigger/more important the potential decision, the more eyes I get. I don't claim to know it all and appreciate the other views/angles those additional eyes bring.

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Quote from @Brendan Winans:

Hey Brett, just to be clear, are you wanting someone to help you learn to analyze them yourself?

I know how to analyze it. I'd like someone more experience to walk through the numbers with me and point out any potential flaws/pitfalls in my analysis.

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Thanks but those are quite a ways away (100+ miles). I'm not looking for a mentor. Just someone to go through the analysis with me.

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Thanks,
Brett

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All Forum Posts by: Brett Romero

Brett Romero has started 1 posts and replied 5 times.

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