All Forum Posts by: Joe S.
Joe S. has started 351 posts and replied 3669 times.
Post: New Out of State Investor Picking a Market - Columbus, OH or Little Rock, AR
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Melina Robinson:
Hi BP Community!
I'm a newbie investor based in Utah, and I'm looking out of state for my first rental property. I'm aiming for long term buy and hold single family homes or small multifamily. I have about $50-70k all in to put into my first property. I'm working on market analysis currently, and two markets that stick out to me are Columbus, OH and Little Rock, AR. Both have relatively approachable home values below the national median with solid rent to price ratios, and good employment prospects with many large companies based or building in the area. I'm shooting for a balance of decent cashflow (nothing life changing) and steady appreciation.
Would anyone investing in these areas mind sharing some pros and cons from your experience? With Little Rock, I've read that home insurance rates have increased in recent years and several companies have pulled out, so I'm definitely wary of that situation.
Thanks!
Melina
Couple of posters on this thread, had negative things to say about Little Rock. They didn’t go into detail as to why they felt that way though. 🧐
The fact that it was on your radar meant that there must’ve been something positive said about it or you did some research on it….i’m assuming.
I remember seeing a poster or two in the last several years really talk it up about buying properties in Little Rock.
I would be interested in hearing some of the reasons that Little Rock popped up on the radar. Also, you don’t have to automatically disregard Little Rock just because somebody had something negative to say about it. It might make you want to take a second look at the reason it popped up on the radar to start with though. :-)
Post: Anyone Signed Up with S8 Academy - Section 8 Housing Program?
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Account Closed:
Quote from @Joe S.:
Quote from @Account Closed:
Quote from @Joe S.:
Quote from @Account Closed:
Quote from @Stuart Udis:
Paying for a Section 8 investment course is the equivalent of an aspiring cook paying for a course titled: How To Boil Water
what kind of price did they charge for the course and what did it entail?
It was $99.95, but I had a 99.95% off promo code. It was a pretty good deal. They showed us the proper way to add water to the pan, turn on the range and most importantly, shut it off once little bubbles are present. It was truly a fascinating experience.
The second course, how to butter toast was a bit more complicated. There were more steps involved. My promo code didn't work for that course; unfortunately.
So how much did they charge for the one that did not have a promo code?
$149.95. It was a bit pricey. Class three is how to scramble eggs. It's getting tougher. These classes are intense.
$150 is not pricey so you’re good in my book. :-)
I guess you’re keeping what you’re learning to yourself instead of posting it here but if it’s helping you that’s great. :-)
Post: Sober living rentals?
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Andrew Lamb:
Quote from @Mina Spice:
How do I rent properties to Sober Living?
Hey @Mina Spice, are you wanting to lease to a sober living operator or run the homes yourself? I own 10 sober living homes and operate them myself in California and Massachusetts.
If you decide to lease to an operator, I can help you identify some organizations in your area to reach out to. If you want to operate on your own, I can probably point you in the right direction. Next steps really depend on what your goals are.
Hey Andrew,
I have a property or two that I would be interested in either setting up my own sober living home or renting to an operator. Any pointers would be appreciated.
Post: Sober Living Home Opportunities
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Mitch Tamap:
Hi Evan, I’ve worked with investors and operators in the sober living space and would be happy to help you think through underwriting a deal. A few key things I’ve learned that can really impact the numbers are:
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- Understanding local market demand and regulations, since that affects occupancy and stability
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-Factoring in costs for proper management and resident support services, those keep the home running smoothly and reduce turnover
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-Being realistic about timelines for filling beds and the importance of vetting operators who align with your goals
These factors can significantly influence the financial viability and stability of the investment. Hope this helps!
Do you know any operators that would want to lease one of our properties over in San Antonio?
Post: Anyone Interested In Investing In Sober Living Home for Veterans
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Mitch Tamap:
Quote from @Lena Claybon:
I am a rehabber in Northeast Louisiana and I just finished remodeling a home that would be an ideal sober living home. It’s a beautiful 4 bedroom/3bath home that sits on a lake in a quiet neighborhood. I’m looking for a partner or partners in the home and in the business. Since I am "boots on the ground", I will run the day to day so this would be a passive investment for investors with monthly returns. If interested, please provide your email address and I will send info. Thanks!
Hi @Lena Claybon Just came across your post and wanted to check in — how did things go with your sober living home plan? Sounds like a fantastic property and setup!
For anyone else considering turning a property into a sober living home, a few key things I’ve seen make a big difference are having strong management on-site (which you mentioned you’re handling), clear house rules, and a solid support system for residents. Also, understanding local regulations and building relationships with recovery communities can really help with occupancy and success.
Sharing your journey could definitely help others who share the same vision of helping people in need while making a profit. Would love to hear how your experience has unfolded!
Do you know any management companies or someone over in the San Antonio Texas area that would want to lease one of our homes?
Post: What’s holding you back?
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Daniel McDonald:
Quote from @Joe S.:
Quote from @Daniel McDonald:
Curious, you can consider this market research, but what's holding you back from hiring someone else to manage your STR(s)?
I know the obvious answer, too costly?
But what else? Do you just enjoy it? Maybe time isn't an issue? You don't think anyone could do it better?
Oversaturation which drives the profits lower than a lot of long-term rentals.
Usually nonprofitable after you hire management.
When I was serious about doing it, the MANAGEMENT that was recommended to me wouldn’t even answer his phone.
To costly to furnish the property for test run.
HOAs have banned them in a lot of areas that I have owned properties.
That’s the short list. Any work around on those and we might do business. :-)
I agree, it's a commitment. Running STRs or MTRs isn't a let's just test it out idea. If you don't go all in it's not going to work.
That's really unfortunate about that company. I'm not in the San Antonio area, but I know someone there who would answer your calls if you ever wanted to revisit that conversation.
sure send over the contact. :-)
Post: I’m thinking of becoming a guru and need suggestions on how to present myself to the
- Investor
- San Antonio
- Posts 3,802
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Quote from @Severine Licodia:
This is hilarious! As a beginner investor, I am being bombarded by guru offers and ads on social media, I can attest that you've nailed it! ;) Don't forget to offer some last minute exclusive bonuses valued at tens of thousands of dollars at a one time only discount price that will expire by midnight and you're all set! :))
good catch!!!:) I don’t know how I missed that one. I will need to make sure I incorporate that. There are people that will procrastinate in joining my great program unless I really help them out in making such a great decision. YES my great once in a lifetime offer will expire at midnight, which is the next day. As the Bible says, we are not promised tomorrow so I need to help them join today.
Post: I’m thinking of becoming a guru and need suggestions on how to present myself to the
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Jay Hinrichs:
Quote from @Nick C.:
You've got to pull on your student's heart strings. Remember you're not really selling real estate knowledge; you're selling freedom, the ability to quit their job, and spend more time with their family.
Guru feeder presentations always start with the why and Always have a picture of the speaker his wife and 2 kids ALWAYS Then its bash their employer and then the romance of becoming wealthy through what ever system they are teaching or selling.. MLM started this way back in the day and Real estate just copies it. its all the fullfilment companies anyway they are the ones that write teh scripts etc.
What kind of money does the front man bring in? I’ve talked with some self published gurus at least I thought they were self published. One was from about 15 years ago..I suppose many quite low profile investors passed up his Networth just by me thinking of the niche he provide…There are some low profile guys that have really built some Networth over the years.
let’s say a person did get a fulfillment company to take them on. Is the juice even worth the squeeze?
Post: Anyone Signed Up with S8 Academy - Section 8 Housing Program?
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Account Closed:
Quote from @Joe S.:
Quote from @Account Closed:
Quote from @Stuart Udis:
Paying for a Section 8 investment course is the equivalent of an aspiring cook paying for a course titled: How To Boil Water
what kind of price did they charge for the course and what did it entail?
It was $99.95, but I had a 99.95% off promo code. It was a pretty good deal. They showed us the proper way to add water to the pan, turn on the range and most importantly, shut it off once little bubbles are present. It was truly a fascinating experience.
The second course, how to butter toast was a bit more complicated. There were more steps involved. My promo code didn't work for that course; unfortunately.
So how much did they charge for the one that did not have a promo code?
Post: I’m thinking of becoming a guru and need suggestions on how to present myself to the
- Investor
- San Antonio
- Posts 3,802
- Votes 3,286
Quote from @Alan F.:
Quote from @Joe S.:
I thought of becoming a guru. I actually know more than most of the other gurus I’ve just been too modest…
I realize it’s not what you know. It’s how you package it so I might need suggestions with my outfit/disguise.
Should I use a muscle shirt in order to show off my enormous biceps and armpit hairs?
Should I shave my head or wear a ball cap instead?
Should I wear short shorts and sit in a chair with the camera aimed at my tan hairy legs and….
Should I rent a Lamborghini to stand in front of or simply go out to the dealership and have somebody take my picture there?
Should I do my podcast at someone’s Airbnb or book a nice hotel room on Priceline?
Should I ask my announcer to introduce me as a go giver, a dope dude, or possibly a mixture of the two?
There are so many possibilities and options. Any suggestions that could help me really go big in the guru business?I’m not doing it for the money. I’m doing it cause I wanna help people.
The reason why I have to charge though is if I offered things too cheaply people do not value what they don’t have to pay for. I made my millions a long time ago and I want to give back to the community, but I only wanna work with those that are serious. Serious enough to raise the limit on their credit cards if need be. Serious enough to take food off the table in order to join community that will fast track them to wealth and riches. A group of serious individuals that know their true Why. I’m looking for doers not tire kickers. Looking for the serious that wants to make generational wealth for their children and grandchildren..
Talk about how you were a struggling chicken rancher, while filming with a selfie stick in a rented murcielago. Please don't forget us little people you had to step on, on your way up
I want to take as many of you little people up with me as I can. That’s why I want to do the program and invite the serious ones into the tribe. Will be family.