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All Forum Posts by: Joseph Firmin

Joseph Firmin has started 22 posts and replied 942 times.

Post: What books have you found most helpful?

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

If you're thinking of multifamily - Multi-Family Millions by David Lindahl, Crushing It in Apartments and Commercial Real Estate - Brian Murray, Financial Freedom with Real Estate Investing - Michael Blank.

Post: Starting an LLC Online

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Check out Corporate Direct. Garrett Sutton is a Rich Dad advisor and helps RE investors set their LLC's up the right way. I'd recommend - helped my partner and I set up 3 LLC's.

Post: Any investor meetings in or near ATL I should attend?

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Agree with @Brenden Mitchum, there are plenty listed on Meetup.com. There are also specialty ones, e.g., Multifamily, Wholesaling, etc. Check those out, as well as Facebook groups.

Post: Am I ready to take the plunge?

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Run the numbers on both and weigh the risk. Cape Cod I imagine is a stable vacation rental market, so you wouldn't have a problem keep it rented out (assuming you do it correctly). I'm a multifamily fan myself, but just make sure you underwrite the property conservatively and buy it at a value. Be patient for a good deal.

Post: If you restarted your journey completely, how would you start?

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Go buy Michael Blank's book Financial Freedom through Real Estate Investing. I'd probably start multifamily sooner.

Post: The question in any biginner's mind

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Legally. Through relationships. Nuture the relationship and provide value, the investors will come.

Post: Hey BP, tough convo needed with realtor, advice?

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Be honest with him about how you want to grow your business and reassure him that you won't use another realtor if he brings you the deal. That really is the main concern, that he does work to bring you a deal and then you don't buy it with him, but use another realtor as the buying agent. If he's the seller's agent, he shouldn't mind, but would still like both sides of the commission. Being honest about what you need to grow will always serve you well.

Post: Contractor CONTRACT? Help

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

I would include terms for completion date, bonus for finishing earlier than that date, penalty for finishing late. Terms that all work will be done to your satisfaction with a punch list and final walk through prior to final payment being released. This contract can be the contractor's bid, but with the additional language added.

Post: Michael Blank Deal Analyzer

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Yes sir, closing on our 16th here within the next 2 weeks. We're underwriting deals from 20-99 units in 2 key markets right now.

Post: Transitioning out of a full-time job into real estate

Joseph FirminPosted
  • Rental Property Investor
  • Smyrna, GA
  • Posts 974
  • Votes 645

Not poorly, just not a rock star.