All Forum Posts by: Dalton Foote

Always curious to know how people sourced their deals starting out before they gained connections and referrals for off market properties. Where did you find your most success? 

From an investor as well as a GC the biggest downfall is spreadsheet tunnel vision. Most people hear sq ft pricing or see pictures of a place and automatically assume the budget without getting someone in there to take a look at it or having enough fluff in there offer to account for unknowns. I don't know how many blind wholesale deals I have been a part of where the investor didn't account for 10-30k worth of repairs because of blind faith from the wholesaler or agent... 

@Adam Lowe To be honest no. The meetup app has gone completely downhill since they switched to a pay to play structure. The only one I have found has been the normal local real estate association they have in every city which is also pay to play and sort of biased/geared to the organizers. Let me know if you find any! There are some zoom remote ones on meetup I may try from different cities. 

I am a previous GC from Indiana. I have been toying with the idea of creating a construction consulting firm here as sort of a side hustle initially and to help investors locally and out of state. I am offering pre offer walkthroughs (rough quote/budget) as well as detailed budgets post acceptance so investors can have a closer idea of what to budget for when selecting and viewing contractors quotes. If this is something you would be interested in feel free to connect with me and we can work together. The main benefit of choosing a 3rd party as the one doing the walkthrough opposed to the GC is "no skin in the game" leading to unbiased opinions and budgets. I am offering these services within an hour or so radius of Sarasota where I now reside. 

@Deon White sounds great, just sent you a connection request as well! 

@Doug Smith Sounds great, I just sent you a connection request! 

I have officially moved to Florida and settled down in Sarasota and am looking for any MF/Commercial meetups. Sarasota REIA is about the only legit one that I have found in person. Are there any others?

 I like this. There is always niche parts of the industry that do very well. Also there is a TON of money out there people can't even fathom. I think alot of people have the scarcity mindset and the mindset of putting the least amount of money into a real estate asset to get it rented because that is the "norm". There will always be a need for higher end luxury/unique stays and properties for rent. Just look at all of these insane places that rent out for 20k plus a month and are always booked and have bidding wars (not the same as your example but still relevent)... Money is out there everywhere. I think the biggest issue in these types of stays are location. Whether it is prime location for business purposes or a "getaway" retreat it boils down to how attractive the area is and what there is to do around it. Design looks cool to me. You are already on the right track consulting someone local prior to see what things you can add value to. Good luck! 

Refreshing to see people knowledgeable in crypto on here. People love to look the other way when you show them that crypto and bitcoin has outperformed every other asset in the world in the past decade and will continue to do so. Real estate is massive for tax advantages and obviously is a great investing strategy (which is why we are all on here). Very rare to find others into crypto ill send you a request if you ever want to connect further and chat sometime! 

Ultimate engagement farming going on here and I'm here for all of it ahahah. It's crazy so many people have an opinion on it without actually knowing or doing research on crypto. It's outperformed everything in the last decade and will continue to do so. This isnt an opinion its a fact. On the other hand nothing beats real estate for the tax advantages. That's why people who get rich in other avenues and ventures end up parking there money in real estate for the long term. But to dismiss something you know nothing about and that statistically nothing comes close to beating the returns in the past decade shows the intelligence level of certain individuals. If you dont understand something dont invest in it. Simple. But do not talk about it like you are an expert. My two cents for some people on here. Anyways congrats! You have brought back engagement on this platform single handedly 🤣 idk the last time ive seen this many people commenting and engaging. Lets break that 200 mark.