All Forum Posts by: Collin Schwartz
Collin Schwartz has started 57 posts and replied 386 times.
Post: Come Join The Next Omaha Real Estate Meetup: David Paladino
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
"David Paladino"
***New Location for December Meetup - Paddy Mcgowans***
Come Join The Next Omaha Real Estate Meetup at 4503 Center Street "Paddy Mcgowans bar and restaurant", Omaha, December 11th at 6pm.
Featured Speaker: David Paladino is the founder of Dino's Storage, Paladino Development Group, and Landmark Group. Dave collectively has over 100 employees in Nebraska, Iowa, and Mannitoba. David is also the star of the Netflix series "The Super".
This group will focus on bringing together business owners, contractors, local house hackers, flippers, buy and hold investors, lenders, wholesalers, apartment investors, and individuals new to the industry so we can share knowledge and help each other grow.
*Please forward invite to any individuals who would like to attend*
Schedule:
6:00 - 6:45pm - Networking
7:00 - 8:00pm - Featured Speaker: "David Paladino: Founder of Dino's Storage, Paladino Development Group, and Landmark Group."
8:00 - 10pm - Networking
If you have any questions please reach out to for more details.
Collin Schwartz
402-204-5552
Post: Tips:recommendations on how to Build a successful meetup group
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
@Anthony Kondor so for the meetup group I started. We originally did it as a walkthrough of a fourplex that I was remodeling, I posted the "meetup" to private group on facebook.
From there the meetup has become a more formal/informal event. The event typically takes place on a Wednesday from 6-10pm at a local bar, but we have done other days as well. At first I had a lender come speak about how they underwrite loans, we didnt have a microphone or even really a plan. Now it has become a bit more streamlined. We start with an hour of networking, then 1 hour or less for the presenter (we have begun to time cap presentations as you will lose people after an hour). We encourage questions and dialogue during the presentation to keep everyone engaged. What has also worked well is to encourage people who aren't interested in the presentation to go to one of the side areas to have discussions. This way if people are not interested in Fannie Freddie debt, but want to discuss a wholesale deal they can go off to the side and do so, and will not disrupt the presentation. After the presentation I have done a couple different things:
1. Success stories- I offer someone in the group to share a success story, I then give them a book I have read recently.
2. 30 secs of a pitch or an ask. Individuals can come up to the mic and say what they have to offer or what they are looking for.
The rest of the meetup is networking.
Make sure you have a sign up sheet. I know have one of my partners run the sign up table as I help keep the flow of the meeting.
To market the meetup: I created a website, advertise on the meetup section of BP, facebook, facebook groups, and send out an email/calendar invite so that it automatically is put unto the individuals calendar.
Feel free to reach out if you have any questions!
Post: Dealbreaker? - Federal Pacific Electrical Panels
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
Post: Trading W-2 for Self Management- 0-92 Units in 16 months!
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
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Post: Trading W-2 for Self Management- 0-92 Units in 16 months!
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
@Kyle Godbout thanks buddy!
Post: Trading W-2 for Self Management- 0-92 Units in 16 months!
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
@Maria T. all the properties I own are within about 10-15 miles of eachother and where I live.
Post: Trading W-2 for Self Management- 0-92 Units in 16 months!
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
Post: Omaha Real Estate Meetup November 14th @ 6PM - "Old Capital"
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
Come Join The Next Omaha Real Estate Meetup November 14th @ 6PM "John Brickson: Old Capital"
Location: Vis Major Brewing, 3501 Center Street Omaha NE 68015
Featured Speaker: John Brickson: Director of Lending with Old Capital Lending.
This group will focus on bringing together local house hackers, flippers, buy and hold investors, lenders, wholesalers, apartment investors, and individuals new to the industry so we can share knowledge and help each other grow.
Schedule:
6:00 - 6:45pm - Networking
6:45 - 8:00pm - Featured Speaker: "John Brickson: Old Capital"
8:00 - 10pm - Networking
John Brickson is a Director with Old Capital Lending in Dallas. Old Capital closed over $750MM in multifamily loans in 2017, and is on pace to close over $1.0Bn in multifamily financing in 2018. In this presentation, John will provide a brief overview of financing options for multifamily investors, and will go in depth on financing multifamily investments through Freddie Mac’s Small Balance Loan Program. Multifamily Financing for New Investors Learn how to underwrite, qualify for and close the best financing for your multifamily investment. What you’ll learn - The three most common loan sources for multifamily investing and when and why to finance with these sources - The BEST financing source for new multifamily investors and how to qualify for financing with this source. - Which markets qualify for the lowest interest rates and highest loan proceeds. - How to obtain loan terms BEFORE you submit your offer on property. - The timeline for closing your loan – from when you receive the offering package from the listing broker to closing the acquisition.
Collin Schwartz
402-204-5552
Post: Trading W-2 for Self Management- 0-92 Units in 16 months!
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
@Jason Mead the ones that made the biggest imapact were rich dad poor dad, millionaire real estate investor, and Dave Lindahls Multi Family Millions. Good Luck!
Post: Trading W-2 for Self Management- 0-92 Units in 16 months!
- Rental Property Investor
- Papillion, NE
- Posts 398
- Votes 1,006
Originally posted by @Timothy M.:
@Collin Schwartz Hey man, thanks for replying. As a fairly-newish-to-the-game investor around your age, I appreciate the candor. So to make sure I'm understanding this right...
If we put aside the decent salary from the PM business (and again, congrats on creating a successful business!), I'm still having trouble understanding how the numbers work here.
Assuming a very conservative valuation of 60k per property (I think upstream you said they were closer to 90k or something?), your 60 units of ownership conservatively translates to somewhere around 3.5MM gross. That would mean your equity stake in that portion of the portfolio needs to be at least around 20% of that to actually get loans, right? Sooooo... conservatively, call it 750k in equity.
I'm still 100% lost how it is possible - within the span of less than a year and a half - to turn 200k into 750k in equity, unless your portion is levered out the ying-yang. E.g., you are capitalized at something like 250k and somehow got loans on the other 3.2-3.4MM
For ease of the maths: If at the start you were to take your 200k and put down payments on 1MM worth of property (assuming zero closing costs, prepaid escrows, etc.)... you're tapped out. Unless you somehow manage to increase the ARV of the properties by like 50% each, within a month of purchase or something, and then instantly refinance and move on to the next one, which also appraises 50% higher than purchase almost instantaneously, allowing you to keep the refinance-out train chugging along, I just don't see how this pencils out.
Can someone who has a better eye for these things spell this out for me? Genuinely trying to learn here.
Without diving into every property which would be a bit time consuming. I mentioned using hard money ($300k), private (100k), acquisition fees, wholesale fees and close to $200k in refi funds. I ran out of my original money at 25 units. Hope this helps calrify. I will be putting together videos that exlain every deal in detail. Hopefully in the next month or so.



