All Forum Posts by: Glidden Rivera

@Shane W. Chapin

I am closing on 5 properties in Rochester in October. I am planning investing here. Very competitive though. I have been watching and learning the market here. Definitely be interested in networking and possibly partnering.

@Shane W. Chapin

Congrats, I am a Rochester native relocated to Orlando but still hold and buy this n Rochester

I think the first thing you should do is educate yourself. By educate, I do not mean pay 20k to a guru. Instead, spend time equity reading and understanding. Whilst educating yourself, also figure out how much money you need to make (set a target) The goal will help you become laser-focused on the right opportunities and filter out the junk and side tangents.

If you are interested in learning the real estate business then investing in syndication is not gonna produce the skillset needed to grow your business. Conversely, if passivity of investment is the only thing that matters, then syndication is for you. Often your money will be tied for 3 - 5 years typically! If you go by way of syndication, ensure the general partners are paid to perform, not to transact- you will need to educate yourself as not all syndications and syndicators are created equal (Buyer beware). 




If your desire to leverage your money well and learn the business, you still need to identify what asset class suits you best. There are pros and cons to each. Commercial deals have the potential to yield high returns through forced appreciation and cash flow. Generally, they require more cash to execute. Within this sector, there are multi-family apartment communities, and also commercial complexes with triple net lease possibilities. In these scenarios, I like to think of it as buying the leases and the property comes for free. These structures are best handled most efficiently with competent teams that help to analyze and manage the assets

If you like SFH, duplexes, triplexes, and quads; you will still need a competent team. I recommend learning and becoming familiar with the BRRRR method which is preached and made famous here on BP. It stands for buy, rehab, rent, refinance, and repeat. You specifically mentioned buying houses for cash, the problem is your money is not infinite. Additionally, when you leverage the bank's money, your rate of return increases. Let's say you bought 20 properties using the BRRRR method and cash flowed 300 per door. your monthly cash flow would be 6000.00 and you would still be in possession of seed money (500k) You could literally repeat this formula as much or as little as you wanted while pulling most or all of your equity out of the deal. Another benefit to keeping the property is that tenants will pay down your mortgages and the property will also simultaneously appreciate. The numbers could really be so ridiculous that they would be hard to believe. If you are going to do it as a business and not a job, then the crucial components are a great property manager, a great broker or agent, a great contractor, and a great lender.

Bigger pockets BRRRR
https://www.youtube.com/watch?v=FBci62dfqaY

@Keondre Taylor

Check out your local tax collector website

You can usually get a spreadsheet with the filtered criteria you entered.

Look for properties where the owner has a different address than the property

Select your specific zip codes etc.

It’s free to do it, just takes effort

@Bryan Souza

Interesting read, the article brings up a great point that, renters may be stuck in their current units because moving to a new place would not only be near to impossible due to long waiting lists, but also because they would likely face dramatic rent increase in the unit they occupy.

Leaving the market alone would naturally fix rates as competition to provide quality units would increase. Builders would build more units and developers would rehab old buildings.

An increase in supply would most certainly buffer the demand.

@James Wise

James this is awesome thanks for sharing this. When I get ready to buy in ohio I will definitely touch base. You are a great resource

@Bill Plymouth

I’d would find another realtor.

@Ed Morrison

Remember that these politicians have never held a job or run a business outside of government . Their world is imaginary, they imagine their policies are good but do not have foresight to conclude what happens when they move economic levers. There are exceptions, but I see most of them like toddlers mashing buttons on a video game controller with no regard for the object of the game.

Maybe they have good intentions, but often that road leads to hell.

I do not live in California, and I imagine that a lot of what we see on tv I sensationalized. However,

If a fraction of what is projected (extreme homelessness, drug abuse on public streets, human feces, needles and the like covering the streets) then California is in trouble as it faces the impending mass exodus of its productive citizens.

Rent control itself is dangerous as it promotes more government intrusion into a market that should be free. Additionally, how interesting it is to point out that one of the biggest expenses faced by investment property owners is tax. Tax and expenses are always spread amongst the tenants who occupy. Taxes go up, so does the rent. Point is, the ones they say they are trying to help have to shoulder the burden of higher tax implication.

The proposition has many implications, the biggest could be valuations as the cap rates could be stagnate for an uncertain amount time.

As per this forum rental hikes by owners hedging against the proposition will most certainly impact the occupants. Shotgun rent hikes will effect consumer spending.

Consumers who do not spend, affect commerce and the overall economy.

Long story short, the market sector that affects all other market sectors is Real Estate. You mess with mess with Real estate, you risk the economic instability.

@Ed Morrison

Remember that these politicians have never held a job or run a business outside of government . Their world is imaginary, they imagine their policies are good but do not have foresight to conclude what happens when they move economic levers. There are exceptions, but I see most of them like toddlers mashing buttons on a video game controller with no regard for the object of the game.

Maybe they have good intentions, but often that road leads to hell.

I do not live in California, and I imagine that a lot of what we see on tv I sensationalized. However,

If a fraction of what is projected (extreme homelessness, drug abuse on public streets, human feces, needles and the like covering the streets) then California is in trouble as it faces the impending mass exodus of its productive citizens.

Rent control itself is dangerous as it promotes more government intrusion into a market that should be free. Additionally, how interesting it is to point out that one of the biggest expenses faced by investment property owners is tax. Tax and expenses are always spread amongst the tenants who occupy. Taxes go up, so does the rent. Point is, the ones they say they are trying to help have to shoulder the burden of higher tax implication.

The proposition has many implications, the biggest could be valuations as the cap rates could be stagnate for an uncertain amount time.

As per this forum rental hikes by owners hedging against the proposition will most certainly impact the occupants. Shotgun rent hikes will effect consumer spending.

Consumers who do not spend, affect commerce and the overall economy.

Long story short, the market sector that affects all other market sectors is Real Estate. You mess with mess with Real estate, you risk the economic instability.

@Michael Plaks

Thanks for the info