All Forum Posts by: Jeffrey Holst

@Parag Dadhaniya it's hard to draw a line and say these are the best. The guests that jump out to me now are @Jimmy Moncrief, Anne Dukes, Brian Burke, Ken McElroy, Jay Papasan, Brian Murray, Terry Adams, Amanda Han, Jake and Geno, and Mark Henteman There are so many other good ones but those are the ones that jump out to me now.

sorry that ended up with bad spacing the app didn't populate it correctly and I am traveling so I can't fix it right now

I made a goal for 2018 to listen to all the BiggerPockets podcast. I just finished episode 310 and I think it's impossible to summarize in a short form everything that I learned. However I think it's worth mentioning a few thoughts and I'd be interested in hearing what the best things did any of you have learned from the podcast. So in no particular order, off the top of my head. 1) There are some great books out there. Too many to list in fact but like many people I think a great starting point would be Rich Dad Poor Dad by Robert Kiyosaki 2) there are tons of great strategies and the most important thing you can do is pick the one or two strategies that speak most to you and focusing on those it seems like all of the successful investor have narrowed their focus to one or two strategies. Out of all 310 episodes I can't think of a single person who employed more than three strategies at a single time. 3) Grant Cardone is both a genius and insane. If you haven't listened to the two episodes where he appears you probably should but you should also recognize that he's a salesman more than he's a real estate investor. 4) for new investors you should seriously consider Brrrr 5) multifamily commercial is an attractive asset class 6) Brandon Turner is focused on mobile home parks 7) David Green he's an impressive investor and frankly is more interesting than Josh Dorkin to listen to 8) everyone who is interested in real estate investing would benefit by at least occasionally listening to the BiggerPockets podcast. 9) real estate investing is not for everyone and it's important that you understand your goals before you start investing 10) if you're thinking about investing your best bet is probably to do it sooner rather than later. 11) go big or go home. There's a lot more I could say about the podcast but I will say this I really enjoyed listening to them but I don't think that any person should try to listen to them all in one year. What were your favorite episodes? what lessons have you learned from the podcast but I haven't included here?

Huge news people I did it! Yesterday I officially got current on the BP podcast and this post is more than ten this month and more than 120 for the year so I have officially hit my posting and podcast goals for 2018. Listening to over 300 episodes was a big stretch for me but it was definitely worth learned a ton and am making big moves as a result. I bought and office building a 32 unit apartment complex, a strip mall, started a new partnership, did some private money lending overall it's been a killer year. Full disclosure I didn't buy an individual no partnership property not a Roth property but that's ok those goals morphed into bigger and better accomplishments. I look forward to next year and to hearing how you all did.

@Scott P. I don't know any there but most of the big companies do them in all markets. We used First American Exchange a few times for 1031s in Detroit and Tennessee. I feel like they did a good job and we're reasonably priced. PM for an email address if you want it.

@Matt Brown building reserves and old fashioned savings is a really great way to start. I'm a big fan of doing it the old fashioned way. There is a reason that it's been done that way for so long and that reason is it works. Don't get me wrong I love creative finance and low and no money down etc but the vast majority of successful investors start out by putting in the work. Keep learning and studying your market while you save and you will be on the road to success.

@Garrett Diegel I am not certain that I will but if I do it would be to move into larger multi-families or commercial properties.

Do what it takes to get it rented. Talk to property manager and say I need this rented.  Even if it kills your cash flow some rent is better than no rent. 

I don't think that being near an apartment complex matters much to most people unless that complex is crime ridden and ugly or something.  I agree with the others it's most likely a pricing issue.

Originally posted by @Frankie Woods:

@Bart H. I forgot that Texas had much higher property taxes than most states.  Additionally, I didn't fully read her comment as removing the homestead wouldn't fully solve her problem.  

I would focus on getting my husband on board.  If you can't do that, you'll simply have to wait and save up the old fashioned way unless you can bring in a partner who has funds to assist you.

 Some times the Old Fashioned way is best.  I'm a big fan of Old Fashioned real estate, and Old Fashioneds (the drink), in all seriousness though I think getting ones partner on board is essential to any investment. To me this is critical even if the money was sitting in an account in the individuals name it's probably not a great idea to go out and use it on a major investment decision with out both being on the same page. Just a thought. 

@David Bardwell likewise I am a huge fan of old fashioned real estate. Seriously though great advice old fashioned research is a core principle for success. Make sure you know your market and it usually works out fine.