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All Forum Posts by: Jeffrey Donis

Jeffrey Donis has started 15 posts and replied 1176 times.

Post: Denver MSA apartment expense ratio

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Hey Russell,

I am not in that market however a good way to find someone who is through Linkedin- if you have not gotten your question answered I recommend trying to find someone on that platform! 

Wish you the best of luck!

Consistent action and persistence. Making sure that not a day goes by where I do not do something that brings me closer to my goal. 

Post: Infinite Banking Concept

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689
Originally posted by @Thomas Rutkowski:

@JR Paulemon You're on the right track. Leveraging a high cash value policy is a great way to put your money to work in two places at one time. But its very important that your policy be designed properly and funded for minimum death benefit/maximum cash value. 

The subject has been beat to death (and then some) on this thread...

https://www.biggerpockets.com/forums/519/topics/245380-paradigm-life-infinite-banking-whole-life-insurance?page=3

Thanks for sharing!!

Post: Commercial multifamily Book (or webinar) recs

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Hey Sandy!

As mentioned already- The Hands Off Investor by Brian Burke and The Best Ever Syndication Book by Joe Fairless are great- also The ABCs of Real Estate Investing is a good one- audiobook is on Youtube for free.

some great podcasts are - The Multifamily Wealth Podcast, The Multifamily Takeoff Podcast, The Multifamily Mavericks Podcast, The Michael Blank Podcast, and we have one as well called The Real Estate Monopoly Podcast With The Donis Brothers. 

Best of luck!

All great points. 

Here are some other reasons why we would choose one location over another-

Different "anchors" in the market such as major universities, hospitals, etc. 

Distance from where I live- NC. 

Market trends- Job growth, major employers, Unemployment rate, etc.

Post: What are the steps to start renting properties?

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Welcome Anthony!

You have gotten great advice so far so I will just add onto those. 

I would first come up with a "why"- this will help you understand the ultimate goal and the reason you started investing in the first place. You will encounter lots of adversity throughout your journey and having a "why" to lean on when that happens will help you push forward. 

You want to find a market you would like to invest in first- I chose the one I lived in since it is a great market.

Pick a strategy- rentals are a great way to get started if you have the capital to do so. If you do not have capital but want to learn about real estate, there are other creative ways to get into it with little to no capital - Wholesaling, Creative financing, finding people in your market who you can bring value to. 

Hope this helps!

Post: 1031E into Value-add out of state Apartment (ADVICE?)

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689
Originally posted by @Neno D.:

Hey @Jeffrey Donis great points. I am currently seeking some mentors in the space and hopefully that works. Thanks for the feedback 

Of course! Wish you the best! 

Typically we do not see tenant occupied units- just model units. 

Post: Approaching an Multifamily owner

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Hey Ahmed,

The best way that we come across deals is by creating relationships with brokers. We reach out to them and once they send us a deal we make sure to be quick to respond. 

By having good relationships with brokers they are more likely to send you deals and eventually will send you some pocket listings that tend to be the better of the bunch.
Best of luck!

Post: 1031E into Value-add out of state Apartment (ADVICE?)

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Really happy to hear you and your wife's goal!

 If you are new to the space, in my opinion the top two ways to get started are 

1) Passively investing in a deal with operators that you have vetted (has a track record and shares similar values).

2) Finding someone who is doing it successfully and giving them something of value (paying for mentorship or providing them with something else they value). 

It is something you can learn on your own, however the amount of mistakes you can avoid and time you can save by doing either of these two things are well worth it.