All Forum Posts by: Jim Genis

@Eric Mintz, welcome back to the game! Like you, I bought my first rental properties 8 years ago and they cash flowed, but just barely. Since then, I sold those and converted them into much better properties. My deals are now beginning to accelerate. My learning from the experience is to LEARN and FAIL FORWARD. (I highly recommend the book "Failing Forward" by John Maxwell.) 

What happened in the past doesn't matter; what matters is what you DO about it.

@Mark Alexander, I buy wholesale deals. Please shoot me an email and I'll send you my criteria.

Just a quick note: Direct mail requires consistency. Don't be discouraged with only one call; it's been proven that responses don't kick in until Round 5, so keep them going. Also, be sure to mix up your formats (letters, cards, etc.) and approaches (content) to keep them reading.

You're doing great... keep it up!

Jim

@Ronald Lottmann, if you need a property manager for your Kansas City property, let me know and I can refer you to who I use. (I don't get any money from the referral; just thought I'd help out!)

@Brandon Barnes, welcome! This is a great forum with people always willing to lend a hand. Don't be afraid to ask ANY question; chances are, there are a dozen others asking the same thing!

Let me know if you'd like to connect via phone to bounce around ideas. Your best bet is the local REIA group mentioned above.

Good luck in your investing career!

@Matt Henshaw, welcome!

As others mention, lots of great resources here. I've been in the business about as long as you and like both SFRs and Multi-family. Let me know if you'd like to grab a cup o' Joe some evening or weekend and we can discuss each others' goals... might be able to do business together!

Jim

@Mark Patterson, welcome! Let's get connected. I would like to be on your buyer's list and would love to chat to learn more about your goals.

@Chris Shepard,

Congrats on taking this big step and laying it out there. A few thoughts:

• Include in your networking potential private investors. You may need to syndicate (pool) the investment funds which has very specific guidelines. The downside is the upfront work (using an attorney, of course) but the upside is a greater pool of capital to fund purchases.
• I would recommend leverage (loans) where it makes sense. Apartments have always been a favored class in commercial real estate and you should have plenty of options. Bridge loans are great for turnaround deals in particular, followed by permanent loans. Send me a private message as I may be able to help with some advice about what lenders look for and/or make connections for you.
• I agree with the previous post that TV does not make sense.
• Networking is your best bet. When you do, be sure to tell everyone that they should keep their eyes open for signs of distress: poorly maintained properties, peeling paint, crumbling parking lots. Just have them send you the address of the property and have your title agent do a search -- this is how great rehab/repositioning deals can be found. This is also very attractive to sophisticated private investors because they can see the untapped value.

Best of luck on your journey. I look forward to tracking your progress!

Jim

@Aaron Dean, welcome! I'd like to do coffee with you and see how we can do business together. I'll send you a private messsage.

This is a great business... hard work but very rewarding!

Jim

Welcome @Dan Hill! I'm sure you'll find this to be a great forum. Good luck in your ventures!

Welcome @Keegan Tosser!

Would be glad to connect. My wife is a teacher in the area as well and we've been investors for 8+ years. Maybe we could do a quick phone call?

Jim