All Forum Posts by: Craig Sloan

The first thing is to figure out how you want to play the game. There are lots of ways to be successful in real estate.  Pick one strategy that fits with your lifestyle and goals and become an expert at it.  One you have mastered it move on to another.  

@Guillermo Vladimir Robles hang in there.  The decision to invest in real estate is a good one.  The first deal is always the hardest.  The market is changing right now and there always opportunities, although some better than others.  Continue to educate yourself as you continue to look for a deal you are comfortable with.  The first one is always the most difficult.  Best wishes.  

I would check with your attorney and seek his/her counsel. 

Are you holding the $500,000 in cash or equity?  Is it liquid?  What return are you currently getting on it?

Welcome Edward.  Congrats on your successes so far.  I have been investing in the Ft. Wayne area, mostly in the multi-family space for the last 16 years.  Please let me know if I can be of service.

@Raj K. if a deal makes sense long term, go for it.  I also agree with @Andrew Freed.  Why limit yourself to condos?

Try cash for keys.  Pay her to leave.  You may be money ahead in the long run.  If that works, then hire a PM or do a lot of research and connect with others that are successful landlords.  No sense re-inventing the wheel.  There are lots of smart people here that already have great systems.  If you decide to manage for yourself, you'll have to find a way to keep emotionally detached.  Good luck.  Please let me know if I can help. 

@Mary Jay I'd be happy to speak with you about it.  It's kind of a lot to type out here.  Please feel free to message me or call me at 260-433-2081.  

@Sam Abraham has a good strategy.  Glad to hear him say that he has included permanent life insurance in his portfolio.  A lot of people don't realize the benefits of permanent insurance.  I work with a lot of real estate clients that are able to improve their situation through the use of permanent life insurance.  Don't believe everything you hear about it, it can be a great tool if structured and used properly. 

@James Robison congrats on starting your journey.  You're right, the first deal is the hardest.  I don't know your market, but I have spent the last 16 years building a multi-family portfolio.  I have experience with small multi-family, 2-20 units as well as mobile home parks.  I'd be happy to share my experiences with you if that would be helpful.  Please feel free to reach out.  Best of luck.