All Forum Posts by: Brian Naumann

As a newer investor I am interested in how to create a "One Sheet" or "Confidence Package". What kinds of things do you include? What do you leave out? 

Currently, the focus is on networking with others and building strong relationships. I'm not rushing into any new deals right now, but would like to focus on prepping for when I'm ready to start working on my next project.

Here is the meetup link if anyone local is interested in joining the group.

Check out Mishawaka Cashflow 101 game Meetup on Meetup http://www.meetup.com/Mishawaka-Cashflow-101-game-Meetup/

I'm still new to investing but have you considered a portfolio/blanket loan? Sounds like that might work for you by using the equity in the properties you have as leverage on the properties you wish to acquire. Although if you can find private money that is great too.

Thanks @Gerald Demers for the great advice! I did join the local REIA, unfortunately my work schedule (night shift has caused me to miss the last two). I did start a meetup group. I will post the link once the group is approved.

I love being the custodian lol!

Congrats to you and your wife! You are an inspiration to those of us just starting out!

Anyone have any experience setting up a Cash Flow 101 game session? I'm a new investor looking to connect with others interested in playing and learning from the Cash Flow 101 game. Would like some advice from someone who has done a few of these.

Thanks in advance.

There is another thread about Morris invest if you are interested.

https://www.biggerpockets.com/forums/92/topics/320061-morris-invest---any-insights

Congrats to you all for taking that first step to building your wealth.

 I think that sounds like a great plan Matt. I might use that strategy as well.

During my education process I've heard of two opposing points of view in regards to debt service when cash flowing rentals; 

Point One - Pay off debt as fast as possible. The theories I have heard are paying down debt with the profits to the point where your profits might reflect a $1 a month profit. Short term it seems like a grind and reduces capital that could be used for additional investments or owner's profits.

Point Two - Pay normal payments over the life of the mortgage. The theories I hear regarding this one is that over time the dollar (or whichever currency you use) is worth less and less. So in theory what might seem like a huge payment in today's dollars might be equivalent to pocket change or a cup of coffee in a decade or two due to inflation. (Think about Robert Kiyosaki paying a dime for comic books in the 50s that today run about $6-7)

I'm curious to people's opinion on this. 

Please, if you respond to this post respect everyone's opinions that also responds on this topic. I don't think there is a "right" answer so nobody can be wrong.

I spoke to Clayton at Morris Investment, he pushed the idea of hard money lending. When i mentioned financing i felt he tuned out. That was my opinion anyway. I am currently working with Norada Real Estate on my first investment property.