All Forum Posts by: Ernesto Hernandez

@Jay Hinrichs I HIGHLY respect all that you post and I regret missing your visit to San Francisco recently. Just wasn't in the cards for me.  

With that being said, to quote you ... "I would think most beginners in real estate who have not done a deal or many deals.. this type of thing may be too advanced .. not sure.. but for those that are looking for next level like to interact and want to talk to someone weekly like they say they do.. could be a good thing.. as long as the so called life coaches that take the weekly calls are not sitting in a call center in Utah reading from a script.. like the TV fix and flip guru mentors."

There are AT least weekly calls. You must be on video. Nobody is in a call center. M1 is not what anyone has guessed it is. 

It is not Real Estate driven although many of the members are in Real Estate in different aspects. It is extreme accountability. You will not be fed information and it is not a "club" of people you just get to network with. It is not cheap and it's not supposed to be. You will take action on different facets of your life and goals. You will be interviewed multiple times to ensure this is the right for you. You have 30 days to recuse yourself from the program and if you do not keep up with your commitments to yourself, you should expect a tough love call. There is a rigid curriculum but that's been probably the least valuable element to me so far. 

To the guy who made the $700 per person income stream comment, as the community grows they'll need to continue to grow the coaching team as the structure of the program is centered around smaller groups of people you interact with on a very regular basis. Hence, the growth in payroll. All of the coaches are people who have completed the program themselves. 

People pay $400 for Crossfit alone. Who are we to judge? It's not for everyone. M1 has already provided fantastic value for me and I don't plan on backing out.

I would highly suggest you begin to look for a different job / employer. 

With your knowledge, experience and drive you should absolutely be looking for new opportunities. This is definitely an employee's market. 

Whatever you decide, good luck to you. 

Be sure to use the BRRRR calculator by BP.

Invaluable in this situation.

If any one else has questions on M1 I'd be happy to answer them as a newly minted member.

If your goal with an MBA is to earn a higher income with the end goal being passive income, a $60K 3 year delay is not something I would do.

Start soon. Doesn't have to be a home ru out of the gate. 3 years is a long time when you look at what starting now with compounded results over time would do for you. 

Lend money, partner up while you build the knowledge and experience to go solo. sure how much cash you have. 

I really like Sterling White's Indy neighborhood map. Good place to start. 

Getting good rehab at competitive, not cheapest, and not expensive is not easy in Indy. Labor shortage and definitely an OOS markup if you're not careful. 

I know a realtor in Austin who house hacked his way to financial freedom and has a house hacking class now. He's a great friend of mine. 

Househackingclub.com

There are companies who manager everything for you on your behalf for AirBnb. Comes at a cost but you don't lift a finger. Works well if you want to truly scale up. 

Great advice Kenny. 

You can get a nice Airbnb room for $70 a night in Indy. Something simple and clean is like $40. Car rental about $30 a day if booked in advance. A flight on Southwest is like $350 if you don't wait last minute, sometimes lower. 

Or sign up for the Southwest Card and get minimum 2 trips for free basically (let me refer you! My next flight was also free).

That and an inspection. At minimum an inspection.

Buying sight unseen is something I would strongly advise against given my own experience. 

Hey Dorothy, I'm in San Francisco and am pretty active in Indy. 

Flying back out next week. 

Let me know if I can help in any way. I've been in Indy since April and have learned a tremendous amount. 

GL!