All Forum Posts by: Jared Hottle

Everyone learns and is motivated differently. I think to thine own self be true fits here. If you will have the consistent motivation to take action everyday than you may not need a coach. If you need someone to distill the steps down and motivate you to take consistent action then paying for a coach may be the best investment you can make. They can also help with plateaus you may face and limiting beliefs which can be very tough for the loan wolf investor. 

I saved for years not knowing what to do with the money and then found real estate. If I could do it over I would start alot earlier and house hack with a conventional loan. 

Quote from @Scott Trench:

What is the current cap rate? I think that now is a really hard time to enter into assets like this. Transaction volume in the commercial space has collapsed, and you have to high conviction in the potential rents to transact. 

 I 100% agree! The opportunity costs created by the rate hike mean prices need to come down to make things work. This is not happening because rents remain high and the cost to build and cash flow is very difficult without some type of incentives. Has created a low-transaction atmosphere. 

This is happening to flippers across the country. Many people are mad at how much flippers can make on a quick turn but forget the risk that is involved when market conditions change. Many of the issues buyers would not of cared about this summer are now coming to the forefront. 1 stall garage, choppy layout, etc. My advice is if you can get out from under it and not lose money do it. If you can rent it and make a bit more than expenses I would look to do that as well. Better times will come for flippers but right now is tough.

Quote from @Steve Vaughan:

Quote from @Rob Evans:

So my question is, "Are there any recent and notable government actions that would cause real estate investors to panic into selling off their properties?".

 Not that I know of. 

Some of us sold because we've been doing it a long time and were tired, values and interest rates were high while cap rates were about even with the 2yr treasury yield. 

The work RE requires better earn a premium far above hassle-free treasury yields. Time to find a chair. 

Saw this alot last year with older investors and they were shocked what their properties went for. Was a good time to exit if you had been in awhile. As the saying goes the best time to plant a tree was 20 years ago or today and a lot of them grew some nice trees. Excited for my time in the market now!

I am not a lawyer but seems tough to prove. If it really bothers you maybe just have a conversation with the seller and see what they think may be fair. Personally, like my area, Duluth is a pretty small market and if you are looking to expand in that market at all, especially off-market deals, being easy to work with is going to be your best long-term option. The synergy or good fortune that comes your way over time will more than pay the leak in the roof. 

I agree I would not worry about an app just become best friends with your tax assessor website. If you cannot find an address write down a neighboring address and make a note "two houses down" or something like that so when you are at your computer you can search the address you route and go down 2 houses. There is a lot of information given to us free through the county assessor and recorded documents. Start with that first. 

Ben I think this is a great idea especially in an expensive market like DC. I think you may be overthinking it a bit as usually someone willing to live in a basement will understand the potentially awkward situations you are describing. I would probably leave the basement door unlocked or allow them to lock the door on their side. You will want them to have the ability to get out in case of emergency. I think just tell them that you need to use the laundry before they sign a lease is perfectly reasonable. Just vet the tenants well since they will be living with you and start earning your leisure. 

@Max Johnson That is awesome man! I think it is time to take action! Going to real estate meetups can be huge. Meet people and parlay that into a 1 on 1 meeting. Listen to them and build a relationship and see if you can partner with them where you find a deal and they bring the money or see if you can do some work for them and learn the business while helping them out. Maybe being a handyman, showing assistant, cold-calling, etc. 

I agree with the other sentiment it sounds like you are burnt out and if you have enough money to live you have won the game! Sacrificed and it paid off. I think it could really be beneficial to take a month where you spend time decompressing. Meet with people you respect or people doing things that might interest you, read books, workout, listen to podcasts and see what comes from it.