All Forum Posts by: Jeb Brilliant

Looking forward to seeing everybody tonight. We're planning on being in a private room to the left of when you walk in the front door. 

@Ben Koslof , @Larry Fried is 100% right, $700 is to low. That's the minimum I'll even consider to look at any more. $850 is a good starting point. And PLEASE don't trust what a seller is telling you, they are selling meaning telling you what you need to hear to buy something. 

Check actual rents against sites like apartments.com or a PM, NOT RentoMeter in places where people say it's street to street. 

HI @Ben Koslof and congratulations. I myself invest in Indianapolis and think it’s a great city. I can’t speak for the other cities u named but will share a few poInts to help. 1. U want to stick with B grade unless ur a seasIned Investor about to buy at least ~10 SFR quIckly. 2. Only buy homes that will rest for over $700, anything less and u’ll be renting to the wrong people. 3. U can’t easily find B class properties to be all in for $65k. You will have to build some strong relationships with some serious wholesalers and then buy a few deals from them before they’ll share the BEST deals with u. Even then you’ll have to have a significantly higher price point. I’d be happy to chat with u about it and see if I can make a few additional suggestions but as u said u need a solid team and it will take some time. My suggestion is to start with a blog post from a few years back that had something like ~80 questions for PM’s, waddle that down and then find yourself 2 PM’s, pick one and alternate giving them properties. So once u have 10 SFR’s each PM manages 5. After that continue building your team but a good PM is worth their weight in gold. If u want to chat about any of this I’d be happy to and if u want to run some names of PM’s, GC’s, wholesalers and so on by me I’m happy to share my thoughts on them if I know them. Good luck!

Hi @Monica Davies, did you ever learn anything valuable about getting a mortgage in Belize? Do you by chance know of any lenders here that will lend for investments in Belize? 

@Account Closed are you still in Belize? I'm learning more and more about investing down there and it seems interesting. 

@Ankit Maewall Have more then 1 handyman in your Rolodex and try to know who ur backup PM is. 

If u want to run some names of folks by me I may have some insight. 

I’m happy to help if I can. 

Remember you only have 1 reputation. Though if the buyer knows what they're doing sell it and move on. 

@Brendon George How much is the roof replacement? 

@Courtney M. Where are SFR $200k in SoCal and what kind of area is it???

Hi @Courtney M. and welcome to the world of REI. I live in Long Beach and invest in Indianapolis. It is not easy and it can be time consuming depending on what you're looking for. I for one would not start with dumpy neighborhoods. I'd buy homes in good areas with good schools.

Also if someone is trying to sell you something don't trust anything they say, verify it all. 

Hi All, 

I am usually an out of state investor but want to see what's worth looking at locally in Long Beach. I'm looking for anything MF, preferably with at least 2 bed 1 bath units. 

Are there any wholesalers to talk to on here? I've had a lot of luck with them with my other investments in Indianapolis. 

I also run a meet up in Los Alamitos once a month. 

Thanks!