All Forum Posts by: Cody L.

Hi Everyone! I hope all is well! 

My name is Caxie based out of Houston, TX. 

I wanted to share my experience about real estate and how's my journey been. 

I started back in the late 2020s, I was 19 years old at the time, I recently graduating from high school. (I'm 21 now about to turn 22 in November) 

I didn't know what kind of path I wanted to pursue other than what my family has encourage me to do (medical field).

I started my real estate journey as a wholesaler here in Houston, TX mainly working for a wholesaling company as acquisitions, dispositions, and title coordinator. 

I did closed a few deals here and there working for these companies whether wholesaling houses/land. 

I thought it would be a great start to know the ins and outs of wholesaling company, how to be a business owner, a leader, the whole process, and so much more. Throughout the years of being a wholesaler, I have started thinking about getting my first multi family property and actually be a real estate investor. I've never bought a single family home, or fix and flip a home so this will be a new journey for me. 

I found a deal 10 units in Houston, TX in a great upcoming area. Some of the units are fully renovated, the current owner has done most of the rehab regarding to structure, painting, new roof, plumbing, electricity, and etc. 

Working my way to the process of purchasing this property, the most important part is financing. I'm excited to get a little bit closer and closer to be the new owner but the hard part is not done. 

I'll keep you posted on how everything goes. I'm looking at other multi family properties as well in the Houston, TX area. 

The more and merrier. 

Any Investors that would like to connect. Let's connect, I would love to hear your journey and learn! 

Not only that, it's a lot of "copy & paste" that someone pre-wrote. And, a new post appears just when interest has died down. Very interesting in the timing. It gets a little wearisome. There must be a contest with a reward they are offering. And None of them can seem to verify a property they have actually bought.

I watched a few of his videos and I was not impressed with the focus on over leveraging and using unsophisticated lenders in 2nd position while not using escrow or title. Seems very strange. What could possibly be the reason / benefit to over leveraging and not using title when using unsuspecting, oops I mean "newbie" lenders?

I've been apart of numerous real estate programs that said that they're community driven and I never felt like it was a true community were people truly cared and helped one another, until I joined Pace Morby's Subto 2 Community. Pace is truly a community leader and trend setter in the real estate space. Just about everyone in the Subto family has the same mindset as the leader and whatever you need to become not just an investor, but a great human being is in the community. Pace adds so much value to our community that sometimes it's over welming!!! It's not just learning creative financing to aquire real estate, but cars, businesses and understanding who you are as an investor and what your true strengths are as well as your weaknesses. To know that for anything you need is just a Facebook post or Phone call or text away to the community, it's a blessing. More than a program, but a way of becoming who you were meant to be,, that's Subto.

Does it make sense to get money out of a poor performing investment to enter into a better performing investment if the sale results in a loss? 

I have a duplex with $70k invested into it OH. Way too much money put in repairs. The property was supposed to be for cash flow and the neighborhood doesn’t appreciate. Cash flow is $390/mo or 6.6% return. With the way interest rates are and the rural neighborhood it’s located at, I think it will be difficult to sell and get all my money back. 

I might only get $50k out of my $70k investment. 

I have an investment group I work with that does successful flips with 20% return over 3-4months. 

If I do one flip with $50k added to my fund for flipping I could make 20% on that $50k. I would make $10k. This is more than the $390/mo I’m making in the original $70k. 

However adding the $10k profit to $50k puts me at $60k. I still need to do one more flip over 4 months to get back to the $70k I had. 

The duplex I own with $70k invested seems like every month there's a new big repair and it's an old property. This is why I want out. I was originally supposed to have a 10%-12% ROI but now it's 6.6% because I keep having to put more money. And I can only sell it for so much because it depends on the rents. So everytime I put more money into it I think that I won't be able to get it back in the event that I sell. Makes me think it's better to get out now. I have a mortgage at 9% DSCR too.

Looks like you need to pickup a book, because what your saying here IS reminiscent of EXACTLY what Hitler campaigned upon leading up to the Reichstag fire of 1933 that catapulted him into power, and the later horrors all of which started with "all your problems' are due to THOSE PEOPLE, let's deport them all".

Sane people, see they don't even need to know history because immediately the notion of rounding up 10 million people for deportation jumps out as logistically insane. Just picture it, seriously, what would such action look like. Socially, it would be nut's. Did they come in illegally, yes, was it a crime, sure was, but a social crime will not erase a immigration crime. 

Does the insanity of open border need to be stopped, OF COURSE. But rounding up and deporting 10 million, that's plain crazy talk. Maybe your too sheltered in your life to have an understanding, and what you really need is to travel some, go to other countries, experience things, meet some of these people, LEARN, because as opposed to open boarders as I am I would NEVER condone nor allow such insane SS style actions. In no way is it an "answer" for anything other than how to break the country. 

Your "answer" here is "I want, so let's take it from these people!". That's a slippery slope. You justify targeting a segment of persons, where does it end? Because it won't work. So who is next? Prejudice and hate begets prejudice and hate. 

@Account Closed

Working with my buddy today.  Section 8.  Has to move out of his housing by Dec 1st.  $850 for housing.  Where do you live.  Will you rent one of your units to him for $850?  I will pay his cost to move to your unit.  And an $850 deposit, I will pay to you.  Will you Please help him?

Nothing I love more than hearing I got outbid on yet another house by another investor from Shanghai in a highest and best bidding war orchestrated by the realtors, by the way.

The solution is simple.  America just needs to enforce its existing laws.

We currently have over 10 million illegal immigrants living in the US.  These criminals are taking housing away from Americans and driving up prices.  We simply need to deport them and housing prices would become much more affordable.

For some reason this obvious solution is never even brought up as a possibility.

I have felt drawn to investing in Mobile Home Parks partially because I feel like it allows me to have an impact by providing affordable housing.

What I want to know is if there is a real solution to the unaffordability of housing in America.

I see grant programs and government assistance but it seems like it just inflates to problem.

Is the answer that we just need more housing units? What am I missing?