All Forum Posts by: Carlos M.

@Zane Cress I 100% agree with Zane. Your much much better off with a little paint , lighting , flooring and NEW tenants. Every single time I have issues with tenants, I inherited them through a purchase. This is a blessing in disguise.

@Frank Patalano I’m not being held back, I’m just in a different phase of my plan. We purchased 45 units last year. We are hitting the pause button In acquisitions long enough to get these units renovated and stabilized and up to market rents. We will hop back into the acquisition phase early 2024.

@Mary Jay my wife and I had 61 or 62 units and we both worked full time. They are in multi family properties so it wasn’t 61 separate homes. We handled ALL maintenance, turnovers , accounting and even mowing. We were on a mission, incredibly focused and motivated. I quit my w2 at 61-62 units. My wife just put her 4 weeks notice in and we now have 135 units. We do have a handy man we use regularly, we don’t touch landscaping but we still do 100% of the management, most of the turnovers and remodels. It only takes us about 5 hours a week for accounting and accounts payable and receivable. As others said. You just have to get more organized.

@David Ogas leverage is a very important tool depending on your goals. Let’s say you were a contractor and you wanted to build a house. You think to yourself, screw hiring employees they cost too much. I can build this myself and keep all my money. Is it possible , sure. Is it the best use of your time and resources, probably not. It will take you two years to build the home. Or you can leverage other peoples time and talents and hire contractors and get it done way more efficiently.

When investing, Instead of building your buying . Your leverage isn’t contractors , it’s debt. Can you go it alone and use all cash, sure. Buts it’s super slow. It’s very safe, but slow. Only you know what your real estate goals and needs are.

Your growth in real estate will only be governed by two things, the quality of deals , and the quality and amount of debt you can manage.

@Brian Bisdorf thanks ! we only have MF. We never had any partners. My mentor advised against it.

@Brian Bisdorf

Wifey and I met when we were 16. Had our daughter by 17. We were both still in high school. We graduated and got basic jobs. I was a janitor and she was a receptionist. She went to college as an adult and got a coding degree. I eventually became a shop foreman at a car dealership. Read rich dad poor day and started investing at 32. We are now 46. Real estate has changed our lives! We are healthier than ever before, More disciplined, have created deep meaningful relationships, and it has brought my wife and I closer together! We are an unstoppable team now! I was able to quit my job 5 years ago and my wife just gave her resignation this week. We have 135 doors with no partners. We gross just under $123k per month. At this point it’s not about the money. It’s about the person you have to become to mange a portfolio this size. Good luck in your journey.

@Katie Miller

I’m an intermediate beginner….

We my wife and I , (zero investors or partnerships ) own 135 doors. I feel we are intermediate in our niche. We have been purchasing small multi-family in our backyard for 15 years now. Our system works very well for us! We know our market very well, our lenders live us, we have a couple amazing brokers we work with. It’s literally been a dream come true!

We are beginners in the fact that we don’t chase other markets , we have not syndicated, we don’t do any short term rentals, we don’t flip, we have never done a 1031. We know what works in our local market so we just stay in our lane.

@Rhonda Nelson in the state of PA I could go to the local district court that has jurisdiction over the subject property and ask them for the contact info of the constables they work with. Reach out to the constable and have them deliver it.

Anytime I need to deliver a document like that.

I post one on the door and take pictures.

I place one in their mailbox

I mail them a copy.

I email them a copy

Finally I text them a copy confirming they received the notice. It’s absolutely over kill and extra steps but, the “I did not receive it” will NEVER hold up in court if you do the above. Just make sure you do post it on their door and take pictures because that’s the legal process as far as the courts are concerned. Nothing else matters of you don’t start with posting it on their door.

@Keri Lamb

Car, ESA pit bull , urn full of ashes , cat , sex toys , all of their furniture, beds , TVs , lots and lots of TVs , $500 hidden in a baseboard, positive pregnancy tests, and my favorite, bedbugs.

@Blaise P. What city or town are you rentals located ?