All Forum Posts by: Hugh Carnaha

As the post says. I just wanted to thank all of you guys. Josh for creating this platform and never giving up on it. Brandon and David for spending 400+ hours with me in my car teaching me how to be a better human, investor and business person.

Mindy and Scott for 140+ hours of teaching me how to be way better with my finances. And getting me to Barista FIRE in like 2months after starting to listen.

All of you guys here, on FB, on YT posting and

answering the same darn questions that have been asked 1000 times. Linking to articles and videos, allowing newbies to learn. Not making fun of me if we're idiots. Not chastising me for sharing and linking videos so newer folks can learn.

I'm actually sitting here with actual salty tears in my eyes at 0539hrs thinking of how blessed I am to have all of you guys here to lean on if I needed it.

My first purchase was 26 D class homes in C/D class neighborhoods with mostly F class tenants. I'm blessed to have pulled off some kinda halfway backwards BRRRR and gotten most my equity back out.

Second purchase was a 25% sweat equity stake($0/down for me) with family OPM and bought a Gas station, 41 unit Motel, and 7 Unit commercial building, for the cost of the land only. On the 2nd busiest intersection, of the 3rd largest city in my state. It's performing at 50% of what it could because rents haven't been raised sine 1988(seriously), and is still cash flowing at $10k+ a month after expenses.

I never would have thought this was achievable or possible if it weren't for a random solar panel guy, September 18th 2019, talked me out of buying solar panels and into buying rentals with my money and using that to pay for electricity. (I had spent 4 days teaching him about systems and process while trying to negotiate)

I'm greatful that I get the PRIVILEGE today of figuring out how to get a meth head out of a house and hope they don't kick a hole in every remaining wall. I'm greatful that I have the privilege of getting to have a problem like this most days. Because those problem are building my wealth.

Y'all freaking rock. None of this would have happened without you. Good hunting out there y'all!

#miraclemorning

Great turnout today!

We'll do it again! 4pm Oct 11th!

@Jed Ratliff I'm so glad you came out! It's a pretty great crew that comes! Mostly BRRRR and HouseHacks I think.

What are best ways to structure commission based 1099 employees on your team?

Are there pros and cons?

General responsibility would be to help scale the business, doing office admin style things 10%, managing the funnel 50%, Managing systems and processes.

My goal is to scale a business and I need to leverage a team of highly skilled and motivated team.

@All,

I am in Dallas Today, HOWEVER! The event is still on, I have the place booked. I know of 3-5 folks that were planning on attending even though I'm not there.

Have a blast guys!

Awesome Turnout again last week! 

We had a request to move this to Sunday's so more folks can join us! This time it'll be at the collective again! We look forward to seeing you there!

Wow! This is a ton of information. I'm going to re-read it a few times so I can digest it all.

Great turnout last time guys! We had some good conversations! Some perspective BRRRRing and Househacking perspectives were awesome!

This is exciting, The upcoming even is at "The Collective Electric Eatery" it's basically a steampunk themed bar and grill!!!! They just opened the 27th, a few days before, but I was able to secure us a reservation.

Please please please, If you plan on coming and aren't completely against it, let me know here so I can get them a head count.

Cheers!

Hugh

I am considering getting a MO RE Licence with the intent to build a funnel, snag deals I can afford at the time, and pass off any/all deals I couldn't afford, but would If I had the capital. I would be hoping to get a commission split from any properties I passed along. I'd also be constantly sharpening my axe all day long with doing deal analysis. I'd largely be targeting things on the MLS, and not looking for off market deals specifically.

I want to be known in my area as "The Deal Finder", and less going to showings, or working with general public, more on the investor side. I'd also want to work to create abundance around me. There's meat on the bone for everyone.

I'm afraid if I did come across an off market deal, I couldn't legally pass it to other agents?

There's something off on my logic, I'm not experienced enough to know what it is though! I have not taken an RE course yet. I don't want to just yet in case having a license holds me back from certain strategies.

Can anyone help shed light on that?

Wow! I'm so glad I stumbled upon this thread. I think we have a 2/2.5 KCUMB and KCPower and Light and it's only getting $1100. It's 1400/sqft so there's likely a bonus room in there that can be brought up to a bedroom. I didn't realize the difference in rent was so drastic.

Thanks for posting OP!