All Forum Posts by: Collin Schwartz

@April Childers so the HELOC is now basically coinciding as a mortgage payment. The terms are 5 years fixed at 4.75%.

@ShaVarr Brown thats great man! How have you been finding your properties and what type of financing have you been using?

 Tom I have to thank you for all the support! Thank you during our first project! I hope to have many more!

@Melissa Harris msg me and send email, I will send letter. It is sooo simple you will wonder why you asked, it was more in the presentation. best of luck and as Jake and Gino say.... MIH "Make It Happen'!

@Owen Dashner stay out of my house! I told you I am getting it ready for guests!... No you win!

@Raheem Mills so please check with your accountant as tax laws have changed. But... Using a Heloc utilizes the equity that is sitting dormant, it provides tax relief (once again check with your tax professional) as it is interest income, you can typically get a reasonable rate andlastly there is no out of pocket money. Best of Luck!

@Johann Jells you are right on with the funding I started with (50-90 hr works weeks from the age of 19). But I disagree with your point about needing to start with that type of capital (although it makes a big difference). One of my current partners through hustle and applying what he had learned has gotten himself into 15 units without a large windfall..before his mid 20's. Now does that mean he was broke, in debt and on life support... no, but it is possible and it started with a relationship on BP. Luck gives you an edge, but it can only take you so far. I never want to crush anyones dreams but rather reinforce that education, work ethic, and action are ABSOLUTELY necessary for success...as you alluded to, nothing in life is easy!! I would love to check out Thomas Pickets, book what is the title?

@John Prinz wow, thats really incredible can we jump on a call? I am still going pedal to the medal as long as the deal makes sense and I have my business functioning well. I tried outservicing calls but was not impressed with the service and results. Talk soon!

@Johann Jells the total market val is approx $8mil. I was able to incorporate wholesaling, HML, flipping, acquisition fees, and refinancing to scale from the 25 unit to 92 unit mark. I had Heloc and savings to make up for the 0-25 unit range (approxx 15 or 16 of total ownership). Doors here range in acquistion cost (on the properties I pursue) of 23k to 65k. After repositioning they 45k to 100k in per door depending on area and rent.

@David Keys the answer could be 0. Partners have played a key role in my development and confidence as an investor. If you are asking unit count than about 60ish and that does not include single families.