All Forum Posts by: Collin Schwartz

Very inspiring Colon!  Thank you for sharing defining steps throughout your journey.  Can I ask what sort of property management program you use to keep track of each of your rentals?

Can someone explain this to me like I'm five?  I've read through the entire thread and - no snark here whatsoever - I'm not sure what we're celebrating.  @Collin Schwartz you certainly don't need to get into the numbers here if you don't want to, but it might really help explain some of the capitalization issues raised earlier in the thread.

Here's my read: the OP left his day-job to take a different day-job (started a company doing PM work) and took some 200k of seed money from a HELOC to begin investing in SFRs and multi-families and reposition them. At some point, OP found outside investors/partners/HML and expanded his portfolio with said partners. The whole portfolio is now worth some 8MM. Unless I missed something, OP did not give any indication of how much his ownership stake of the 8MM works out to, nor did he give any indication what is his monthly take (read: profit) from the portfolio's rents.

I think it would be prudent to probably treat this as two separate issues.  One, the OP started a successful PM company (congrats, btw!).  Two, the OP now has some ownership stake in a 92 unit portfolio and shares the remainder with investors.  Putting aside the first issue for a second...

Zero snark here: what exactly are there 12 pages of congratulations for?  Changing jobs to become a PM, partnering up with other people to buy a lot of units together, something else entirely?  Please help me understand.