All Forum Posts by: Ben McMahon

I guess I am late to the game here.  Seems there is some varying opinions on its accuracy and viability.  Although, for less than a 100 bucks a month all you really need is to score a deal or two to make it worth while.  Anymore thoughts?

@Patrice Stricklin @Chad Schaper

If you guys want to get in on the mentor program than let me know.  I am going to be rolling things out here shortly.  I decided to take more than 3, so if you would like to be a part of it than let me know.

I've been helping Real Estate Investors get started for years.  My current time commitments allow me to take on a few more people that love real estate investing and want to build a successful business.  Helping people grow their business is what I love doing which is why I am currently doing it at no charge.  If you are interested in getting serious about growing your business and making money in this industry I am here for 3 more people.  

Please only reply if you are committed and truly want to make this happen.  

@Shevon Coorey I agree with the others.  I would also add that areas with higher volatility tend to yield bigger gains and losses as the market moves.  For example, my wife is from Fargo ND.  Had I bought a house in 2006 for 100k and lost 30% of the value when the market crashed I would have lost 30k in equity.  If you bought a house in Santa Clara for a cool 1mil in 2006 and lost 30% than you are looking at a 300k loss in equity.  The converse is true on the gains.  

Obviously theres markets and neighborhoods that are in decline and ones that are on the rise.  Talking to locals you can figure that out very quickly.  Find what you are comfortable with, build your team, do your homework and you will be fine.

You should be able to get it priced out pretty easily in your area.  I had a duplex once with separate electrical, but shared water and sewer.  It wasn't overly complicated to ask the town for the average cost and just split it in two.  I would def make sure you pass the cost on to the tenants though.  

Thats a very lawyerly question to ask Laura!