All Forum Posts by: Ernesto Hernandez

I’d be lying if I said I’ve listened to every episode. I’ve realistically done about about half, along with all of the BP Money episodes. 

This is absolutely the most impactful quote I’ve heard or read anywhere as it relates to overcoming your fear and understanding the end game and bigger picture in all it is that we do. 

“Even if you do everything wrong. Like I hear people say, “oh my gosh, my property manager lied to me, they said that I wouldn’t have to fix all this stuff and I did, and they told me the rent would be $1100 and why it’s only $900 and I thought I was going to make $300 a month and now I’m barely making $100, this is horrible, I hate real estate, I never wanna do it again”. If you zoom out and you think about 30 yeas later, when that house you paid $200K for is now worth $800k and the tenant has paid it off for you and your rent went up every year after that, so in 2 or 3 years you’re getting the $300 you thought you were getting, that house is going to make you an insane amount of wealth. And you will never look back and say, “I never should have done it”. But in the moment, your feelings are telling you you’re making a horrible mistake. If you just bought one house a year like that over the next 30 years you would be a multi millionaire off money that your tenants paid you by taking that different perspective. And I think that’s what people are missing out on is when they’re focusing on the result they got in the moment and thinking about what didn’t happen they way they thought it would and not taking into consideration factors like inflation and the fact rents go up all the time and interest rates are insanely low and the population of the U.S. is not likely to stop growing ...”

The rest of the world isn’t doing this ... they’re all just following that conventional wisdom, following their fears, not thinking about what can go right.

@David Greene Simply amazing. See you Thursday. 

I have a unit under contract that I won't be able to follow through on due to other units running far behind schedule under a separate PM and Rehab crew. 

This unit needs some love but all the groundwork has been laid before you. I have a Rehab Bid ($25K max), Inspection and CMA in hand.

It'll rent for $700-$750 when done and you'll be all in at $35K with a freshly rehabbed unit, leaving you with at minimum $20K in equity and a guaranteed BRRRR you'll walk away with almost $10K more than when you started.

Please e mail me at [email protected] if interested

Hey everyone, 

Wanted to invite anyone interested in or maybe already active in Indianapolis Rental Real Estate to join our Webinar this week.

There is a Facebook group dedicated to active and potential OOS Investors which can be found at:

https://www.facebook.com/groups/260862967817696/?f...

Or simply search, "Indianapolis Out Of State Investors" and you'll be sure to find out. Join the group and then click on the invite. We'll go live at 6PM Pacific this Wednesday September 12th. 

Sterling is a former RE Agent, current PM and VP of the Central Indiana REIA and an investor himself. I'm sure there will be a ton of knowledge and insight being shared.

Thanks!

@Matt Speer can you PM me his info as well please?

I do now. Calculate a month of vacancy and updates. Math is usually better to keep em.

Hey everyone, 

Does anyone have any experience with Kim as a PM? Recently started a relationship with her and I'm getting a great vibe. 

Does anyone have any experience with her? 

TIA

If you value a good relationship, like a good friend, I would communicate this concern with them and work out something that truly is fair to each of you. 

One deal does not supercede a strong player in a long term plan. 

I definitely don't agree with your outlook on the impact a segment of the population will have on housing. I don't see old people moving back in with their families thus causing a surplus in housing. 

If you have money but are afraid of that aspect of Real Estate you should consider flipping, or lending (to me, at 10%, just saying). 

Thr worse thing you could do is let your money sit there and do nothing.

Thanks for the tip. Really appreciate your feedback. I was referred to a couple of Title Companies that use attorneys to review their PA's. 

Again, Thank You. 

A friend of mine sent me a video. I then googled Maverick and it lead me to this post. 

Scary. 

Hope you've been made well by now Stacy.