Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jay Hinrichs

Jay Hinrichs has started 325 posts and replied 41434 times.

Post: Hard Money Lenders

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Jay Hinrichs:

@Ian Walsh  check with Ian. 


Ian is a direct lender not a broker.. FYI. 

Post: Is Boots on the Ground by Brian Grimes a Legit Program

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Jay Odulio:

Not sure why I’m even entertaining this thread for five minutes, but here we are.

My son, who’s more U.S.-based while I’ve been doing business globally, recently showed me this thread. He’s in that early stage — skeptical, looking for direction, and naturally turning to forums like this for guidance. Since I’ve personally done business with Brian a few months ago and referred my son to him, I figured I should speak up — just in case someone else is in the same position, unsure of what’s real and what’s just online noise.

Greetings from Panama.

Reading through this thread, I’m reminded why I ever wasted time in spaces like this. I’ve had hundreds of mentors across the world throughout different phases of my business journey — and not once did I get ahead by sitting around reading books and forums while trying to avoid every risk.

Let’s break down the pattern here.

Someone hears “$50K profit” and immediately screams scam. Why? Because they think if they couldn’t figure out how to do it, no one else possibly could either. That’s not logic — that’s projection.

Then there's the old, "If it worked, why would they sell it to you?" line. Simple: it's called scaling a business model — the same way real estate syndicators raise capital, developers bring in JV partners, or educators expand their reach. If someone has a system that works and infrastructure to support more volume, that's not shady — that's smart.

Then comes the “just read books” argument. Sure, books are great. But I’ve built and exited companies. And I can tell you with absolute certainty: information alone changes nothing. Execution — learning the game from people who eat, breathe, and live it — is what moves the needle. You don’t need another eBook. You need reps, and real support.

Another hot take was “never pay” and “inspect everything personally.” Sounds nice — until you’re trying to grow beyond your zip code. The whole point of expansion is leveraging trusted systems, experienced teams, and infrastructure so you can scale. The people trying to micromanage everything themselves usually stay stuck small. Just the game’s true nature.

One person mentioned Section 8 pro formas being inflated. That’s fair. But let’s be real — every market has rent volatility, and underwriting conservatively is your responsibility as the investor, not the educator’s. Don’t like the projections? Adjust the inputs. The program never sold me dreams — it sold me access, structure, and speed to a market I'd never ventured in. If you can’t discern the difference, maybe real estate isn’t your vehicle.

And ironically, the only person in this thread who actually did the program said:

  • The renovations were well done
  • The 5-unit is fully rented
  • The contractor fronted reno money to unlock draws

So yes — the system works. It just didn’t align with his goals. That’s not a program issue — that’s a fit issue.

I’ve personally done business with Brian in Philadelphia, and I can say with full confidence — he stands on what he teaches. The guy shows up, builds real systems, and actually does what most people only talk about.

But to cast doubt on someone without direct experience isn’t just inaccurate — it reflects a broader pattern. People repeat secondhand narratives picked up from scattered corners of the internet — most of it not grounded in facts or personal engagement. It becomes easy — even comforting — to label something a scam or write someone off as a “guru,” because it justifies inaction. It gives people a reason to stay exactly where they are… or worse, it gives negative personalities the illusion they’re “helping” by spreading doubt. Laughable.

At the end of the day, the loudest critics are usually the furthest from the work. Real operators ask real questions, talk to people who’ve actually done it, and then move accordingly.

Keep researching if you need to — I truly encourage that. But don’t confuse recycled forum or internet chatter with reality.

Good luck to all.


this is a good counter point to to the posts so far.. However I have to say these programs no matter how good the people are that are running them etc. Have an extremely high failure rate for those that spend the money on them.. And not generally because the program sucks etc.  Its because the advertisements for these tend to attract beginners or those that simply dont know how tough this business is and the risk of inner city investing.. I have done well over 120 loans and JVs in Philly and Like the other person above I ended up having to take back 4 or 5 and losing money on the exit Not a lot but I can see if a beginner was doing this it would be catastrophic for them.

I have been a back room vendor  ( fix and flip and short term BRRR lender) for many of the "guru's  Armando Montalongo  Nick Vertucci  Rich Dad Poor Dad etc etc.. So I have personally met hundreds of these students that paid 20 to 50k for this kind of education.. And while a small % go on to success at flipping houses or BRRR and growing portfolios.. The vast majority do not.. I suspect its about 10% success 90% just never do anything but maybe buy a few rentals which they could and should have done starting out.. 

Folks just get sucked into thinking well if I can make 50k on a deal then I should be able to scale to 3 to 10 a year and now make 150 to 500k a year.. FAR AND FEW between that make 500k a year flipping houses.. I know after 4k loans to flippers over 35 years.. Now some make consistent livings but they are at it full time.  I no longer will work in Philly to stinkin tough.

Post: Ashcroft capital: Additional 20% capital call

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Jason Piccolo:

I am hopeful after this update. ”After almost one year since we completed our capital call together, the health and performance of AVAF1 continues to elevate. The February DCSR of 1.28x surpassed our 12-month goal of 1.20x.”  
We just 1031’ed out of the Vista 121 and into the Halston At North Lake with Ashcroft. I still feel like they are good operators. A lot of these operators got caught in these short term bridge loans. The only thing that gives me pause are operators that we diversified into other assets with like car washes and self storage that are still not paying distributions. It’s frustrating. 


This is good news for this fund right ? 

Post: Need help finding a lender for a $5m 2nd mortgage

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Brandon Croucier:

Does he income qualify for that level of debt?

Might be doable with a few funds I work with. 


Good place to look is there in SoCAL were those price points are common.

Nice fee if you can put it together though

Post: Gap between private and hard money griwing

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @James McGovern:

@Jay Hinrichs private money where they are using their own capital seems to be higher but with much less ancillary fees compared to those using funds from capital markets 


yes and there is an illusion among many were they think Private Money is the cheapest money when that simply is not true.. 

Post: Is networking overrated?

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Laura Navaquin:
Quote from @Jay Hinrichs:
Quote from @Laura Navaquin:

Hey Joe,

Great question and an even better share. I appreciate your honesty and totally get where you’re coming from. I’ve been to my fair share of meetups that felt more like pitch fests or ego shows than genuine opportunities to grow or connect, and yes, those can absolutely feel overrated.

That said, my personal experience has shown me that networking done right can be a total game-changer.

Over the last couple of years, being intentional about who I connect with and how I show up in rooms has done more than just bring in business..... it’s opened the door to new businesses, real partnerships, strategic collaborations, national TV coverage, a Times Square billboard feature last year, and multiple speaking gigs. All of those opportunities stemmed from a single connection or conversation I could’ve easily overlooked.

So I don’t see networking as just a way to find deals or mentorship, I see it as a tool to align yourself with the right people, proximity to ideas, and platforms you might not have access to otherwise. It’s less about quantity and more about quality. When you find those right rooms and relationships, they can shift everything.

Appreciate your perspective, it’s a great reminder that how we network is just as important as whether we do it at all.

– Laura Navaquin


my whole career is based on chance meetings and where they led to you have to be open minded. but thats us in the industry.. for someone like Joe who is a landlord and solely focused on being and investor landlord I think these things would have minimal appeal or actually help move his business forward.. I think at meet ups the thing that a person like Joe would concentrate on would be wholesalers that might have deals and like mention meeting sub contractors.

Hey Jay,

I totally hear you and I agree that chance meetings can be powerful (that’s how many of my best connections started too!). That said, I’d respectfully disagree that meetups or networking events offer minimal value to someone like Joe, even if he’s solely focused on being a landlord.

In our own business, we invest across six different states and have built high-performing, trustworthy teams primarily through relationships, many of which were initiated at events or meetups. Whether it’s wholesalers, contractors, PMs, or local agents, these connections have come through networking and have been instrumental in scaling our portfolio efficiently.

At the end of the day, even if Joe's not trying to “work the room,” being in the right place with the right people can open up the exact doors he’s looking for without cold outreach or trial-and-error hiring.

Just my two cents from real-life experience!


good point..  I guess depends on where one is in their journey..

Post: Hard Money Lenders

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804

@Ian Walsh  check with Ian. 

Post: Is networking overrated?

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Laura Navaquin:

Hey Joe,

Great question and an even better share. I appreciate your honesty and totally get where you’re coming from. I’ve been to my fair share of meetups that felt more like pitch fests or ego shows than genuine opportunities to grow or connect, and yes, those can absolutely feel overrated.

That said, my personal experience has shown me that networking done right can be a total game-changer.

Over the last couple of years, being intentional about who I connect with and how I show up in rooms has done more than just bring in business..... it’s opened the door to new businesses, real partnerships, strategic collaborations, national TV coverage, a Times Square billboard feature last year, and multiple speaking gigs. All of those opportunities stemmed from a single connection or conversation I could’ve easily overlooked.

So I don’t see networking as just a way to find deals or mentorship, I see it as a tool to align yourself with the right people, proximity to ideas, and platforms you might not have access to otherwise. It’s less about quantity and more about quality. When you find those right rooms and relationships, they can shift everything.

Appreciate your perspective, it’s a great reminder that how we network is just as important as whether we do it at all.

– Laura Navaquin


my whole career is based on chance meetings and where they led to you have to be open minded. but thats us in the industry.. for someone like Joe who is a landlord and solely focused on being and investor landlord I think these things would have minimal appeal or actually help move his business forward.. I think at meet ups the thing that a person like Joe would concentrate on would be wholesalers that might have deals and like mention meeting sub contractors.

Post: Is networking overrated?

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Christine Mulkins:

Depends on what you do with the info at the networking events. It never hurts to get to know people in the industry. I've personally never attended a networking event but my husband and I do belong to our local Rental Owners Association and this has been very valuable. They hold optional monthly meetings where they share the latest on any changes to the landlord/tenant laws in our state and share other important and helpful info related to owning and/or managing your rentals. We receive rental forms at a discount too. 


As a land lord in Oregon this is something I would highly recommend to anyone.

Post: RAD Diversified SCAM ALERT!!!

Jay Hinrichs
#1 All Forums Contributor
Posted
  • Lender
  • Lake Oswego OR Summerlin, NV
  • Posts 43,194
  • Votes 63,804
Quote from @Tom Nagy:

I've also heard that they withheld social security, etc. from employees checks, but then never sent the money to the IRS.  They don't care who they hurt and what damage is done.  They will get what's coming to them at some point.


well if they did not pay their employees withholding tax's they are in deed Sheet that wont fly and those dollars are not discharged in BK proceedings.. circling the drain it sounds like.