All Forum Posts by: Elbert D.

learn mobile development. Android and iOS. I would honestly say web development as well. JavaScript is everywhere.  Not many schools offer courses in those since you can make money with them if done right. 

I’ll also study computer networking since cloud storage is here to stay. 

One of the only things that was useful with my Comp science degree was it made sense when learning the hard theory stuff. Data structures, algorithms and A. I.(a broad topic nowadays). 

Get a thin laptop. It’s more productive than a tablet. I personally love the surface books and the MacBooks. Two of the best laptops out excluding the razer since it’s a gaming laptop. 

Most definitely Indiana should be in the top ten for rental Buy and holds! So many benefits for owning property in that state. The cash on cash return numbers are high. Combine that with low taxes and landlord friendly laws and you have yourself a winner! the ARVs aren’t as high as some areas of Chicago but Northwest Indiana is very close to Chicago if you want to hang out downtown. 

definitely going watch this podcast. Is there a section where you request others on the podcast? 

I would like to see Jay Morrison, Robert kiyosaki, and Donald Bren. 

Also maybe add in some tech/engineer real estate guys as well ^__^ 

@Account Closed lol yeah sure. I’ll accept all request. And the topic of master lease are all over the internet. Even on BP, there are articles on here. As far as flipping. Yeah sure PM me. 

I'll like a copy of that. Thanks for that update and informing everyone. The REIA meeting I went to last week went over this. We really shouldn't allow the government to dictate what and how we do. Can't we fight this??? @Lumi Ispas

there are many ways to skin a cat.....one thing you could do is flip some residential properties until you have 160k. Once you have over 100k you could do some real estate syndication and go into a large scale deal with someone. Many ways to go about this.....PM me I’ll give you a good place for you to learn about master lease agreements in details. Also look at Commerical real estate under the topics on BP. It’s ton of articles on there as well. 

@Kyle Weckman

Northwest Indiana has some great cash on cash return numbers. I have typically found properties for investors ranging in the 12-19% CCR!!!! Landlord friendly laws and low taxes. Great REInvestment state.

I also agree with @Brian Adzadi there’s a TON of opportunities in the Midwest for real estate. 

Look into master lease agreements. But I would turn that 40k into 80k then into 160k since your trying to go into Commerical....but hey that’s just me. 

I know several realtors in chicago who wholesale. Bird dogs(people who find properties) usually get a finders fee. Which is $1,000 there could be times where the two wholesalers split the profit down the middle if its agreed. But the actual real work begins When property contracts are submitted to the title company. Some of the work includes; Constantly following up with people and filling out paperwork and ensuring everything goes smoothly. I think people really think there isn’t much work in wholesaling when in reality there is a lot of work. Especially if you have several properties in rotation. I personally wouldn’t go 50/50 with someone that only found a property(usually because they couldn’t sell it themselves) while I’m stuck with the work of actually closing/selling the property. That’s not to mention the rehab that will usually need to be done....which I have no problem getting done for investors with my rehab crew. Overseeing rehabs and making sure things are done correctly and on time is also a ton of work. Unless you have that kind of rapport with your rehab crew.