All Forum Posts by: Matt DuSold

I know TBone may have answered this question but I didn't know if this is how everyone manages from a distance. I am still young and will be coming home after school next year and is where I want to start investing. I eventually will want to move from Chicago so would the smartest thing to do be finding a friend whom you can trust and pay them well?

Just a thought I have been pondering for a while.

Interesting stuff guys. I will be looking into these books for sure in the future. I recently just posted a thread about why everyone has SFH when it seems like Multis would be the way to go. I haven't invested yet though so I can;t say I have experience.

Licwidsand (or anyone else who could explain),

What is it like to work as a title company as a runner? I have been looking around a bit but am not exactly sure what a typical day would be like doing this job. If anyone could help i would really appreciate it, thanks!

First off I just want to say I understand this can be completely personal preference.

From reading much of landlord material here and other places it seems as though many rent SFH's. I am wondering why this is. Is this just because you take the deals when you see them or is there more behind this? Such as a better chance at a bigger appreciation?

To me (a newb) it seems as though having a multi family would be best. Just for some simple points like; you have multiple units under one roof, when you need to make appearances you have say 3,4,5,6 places all at the same place. I am just curious because all the attention seems to be on SFH when (in my eyes) it seems like multi family would be easiest. Hey, cash flow is cash flow.

Thanks in advance.

I also am trying to understand this a bit better. I get the drift but do not feel a full understanding of this concept. But I would love to understand this. Sound ideal for a college kid that has about 10K! 8)

Mike,

I am very intrigued about how you find these properties at 50% and especially that "the properties find you". Again this just all sounds to great. I am sure that you have a huge list of people looking to you to buy properties, but what kinds of properties do you usually find? REO's?

I don't know if 1 minute to rental property riches talks about this, I am getting it next time out to Barnes & Noble and am very excited.

Mike,

You say you only work 12-16 hour weeks, which well sounds just amazing. I don't know how many properties you have but I am sure it is a very high number. Is it possible to work this much while still having to manage say, 60 units or so?

It just seems crazy that you could have that much to manage and not need to put that much time in. I understand there isn't a new thing everyday with every property but on average how often would you attend to properties with having about 60 units or so. It just sounds to good to be true. Hopefully I'll find out for myself soon if this is how it really is.

Makes sense. This makes me wonder a bit on managing. I have wondered how many properties a person usually manages. I know it is really all up to that one person and if they would rather have a PM company or not.

Would you rather use a PM company on most of your properties, or do you like to have all the control? For someone who only has say 20-30 units would you rather save the money and do it yourself and just get a PM company and put your time elsewhere? I have heard some arguments from both sides.

Sorry Mike it was Wheatie in another post of mine mentioning you in it.

As you can see you both put the same point forward.

Well the thing is, for grad school it has NOTHING to do with business. It is a psychology graduate program. It would be paid for and it seems there is no stopping them. My parents are already fine with the thought that I might get my degree and make a living off real estate NOTHING to do with school psychology. They are just worried real estate wouldn't be able to support a life style. Honestly, it just makes me want real estate success even more to prove them wrong.

Thanks for the personal assistant idea though. I am going to really explore my options and see what I can land. [/url]