All Forum Posts by: Brian Geiger

States that are in the sunbelt (Arizona, Texas being the two leading), Florida, the Carolinas and Georgia (Atlanta to be exact)

Here are a list of books you should read if you are thinking about rentals:

1. What Every Real Estate Needs to Know about Cashflow and 36 other key measures by Frank Gallineli

2. How to Create Lifetime Cashflow through Multifamily Properties by Rod Khleif.

3. How to Create wealth by Investing in Real Estate by Grant Cardone.

4. One Rental at a time by Michael Zuber.

5. The ABCs of Real Estate Investing by Ken McElroy.

I recommend every rental investor newbie to start of with these five books. In addition i will add that these books are going to educate you. However you need to go out and network with people so you can create a team and get some lead generation going for your business.

I hope this helps.

This is a really good strategy. Glad to see it work out for you

@Rory Galvin

I recommend that you read Frank Gallenelli's book on "What Every Real Estate Investor Needs to Know about Cashflow". It is a really good book and it can help you answer the question you posed.

@Matt Williams

Phoenix is a hot market when it comes down to Multifamily. Properties are not on the market for long. Here is what I recommend.

Go on ABI Multifamily website and look at multifamily properties. You want to contact a broker and ask these questions to them. In addition, you want to reach out to a property management company. I recommend CALCAP. They are a good management company. 

For CAP Rates, I would say you're looking at about 5% in Phoenix.

B/C Apartments and storage parks are good right now.

If you are going with cheap (price), mail chimp may be an option though I heard many people tell me there are other options that are cheaper than mailchimp. I tend to use Sendlane which is a bit on the pricier side but I think it offers more value than mailchimp.

I would get a private investor to come to the table with the down payment and closing cost. That investor would be paid a return that is set by you and your husband. It just seems to risky in my opinion to take out equity for another home purchase especially when considering SALT.

Can you sell the C class rental?

@Andy Saintilus

Your story is an inspiration for everyone on BP and just in the RE community to keep striving and never give up. It is often the case when people do not understand something, they believe it is a scam or you are about to lose money. So thats when the negative words come out. The lesson I see in your statement is stay the course and don't ever ever give up due to negative words. 

I am a firm believer that everyone has an entrepreneurial spirit inside of them. Some people need to wake it up, others like you had it come out at a young age. The fact that you had students being your employees, you already had the mindset of a brilliant businessman.

Lastly, I teach this all the time. Never ever rely on your 401k, Social Security to save you. We live in a YoYo (You on your own) economy when it comes down for retirement. It is imperative that investing should be done at a young age because by the time I get 65 years of age, i can feel the world is going to be a scary place for retirement (Those who did not plan for it sooner). The Social Security Fund is going to be bankrupt (provided that no plan has been put to extend it) and in my home state, Illinois, the politicians borrowed from the pension fund and never paid the money back. So they stole from the fund. There is over $130 billion in unfunded liabilities and they decreased the amount of money my generation can take out for retirement. This is why it is imperative that we must invest in something long term and I am convinced Real Estate is the best vehicle to generate wealth for retirement and generations to come.

Again Awesome Post.