All Forum Posts by: Kelly M.

I have a weird question.  My renters are about to end their lease and they are responsible for damage to the house.  I suspect they are  not going to be happy when I withhold money from their security deposit to pay for those damages.  I also have a business (non real estate related) that is on Yelp.  My concern is that the renter might wish to retaliate against me by posting a false negative review about my business on Yelp.  While I dont have any specific concerns about this occuring with this renter, the idea did cross my mind that it could happen either now or in the future.  This concern got me thinking about creating a buffer between myself and future renters with respect to personal information about myself.  It wouldnt be too difficult for any renter to Google me and learn that I own my business so not voluntarily telling them that I have a business is not enough of a barrier.  Is it possible to use a fictitious name when renting a house so as to keep my personal information private from a renter?  How would such a thing occur if I am entering into a legally binding contract with someone and have to sign documents?  If it wasnt for my business I wouldnt really care but negative reviews on Yelp are a real issue.

I am open to HML but I am sure there is a higher learning curve to learning how to doing HML safely than buying performing notes. Safeguard Capital Partners has what appear to be fairly safe performing notes with a return of 9% so that is the direction I am leaning towards going in regarding buying notes. Feedback or experience on Safeguard notes would be welcomed.

 My risk tolerance is fairly low and I am looking for passive income.  Landlording is a PITA and even worse for me as I like to do things the right way (controlling some would say..haha).  I am a landlord and manage my own rental property and I would rather spend my time growing my business than dealing with tenants.  Short term goals is to park my money and make it work...I dont need it right now nor do I see myself needing it in the near future either.

I have 100K to invest at the moment and I would like some feedback specifically from "note and real estate" investors and not just "real estate" investors. I was very keen to purchase rental buy and hold property but after doing considerable research have reached the conclusion that the RE market is deep into the seller cycle nationwide and I am not sure now is the time to get in. I am well aware that there are still cash flowing opportunities out there and I could probably survive relatively unscathed if I buy now in a good cash flowing property even if the market goes south within 1 to 2 years (which IMHO I think it will). The other issue that is swaying me away from real estate property at this time is that its much more time consuming to find deals right now and time is my most precious asset so I need something passive.

I was of thinking of investing my 100K as follows:

• 20K in gold
• 20K in an index fund pegged to the Dow Jones (I know, quite the day to talk about buying stocks!)
• 10K in an index fund pegged to the NASDAQ
• 50K in a individual note or note fund

These are rough numbers but that is the general thinking I have. I am well aware that the stock market can go south (I have already experienced that first hand) but I am in a good financial position and can wait out a correction. I would love to get honest feedback on the investment plan above.

I am considering buying a turnkey property from Real Estate Done 4 U (Michael Drew).  I am interested in hearing first and second hand experiences as part of my due diligence.  Feel free to post here directly or if it makes you feel more comfortable then PM me.

I would really like to do what I repeatedly hear on the BP podcasts and BRRR - I really would. I am not afraid of putting in the work and due diligence in vetting people out. I worked very hard to build my practice to where it is today. As it is, I think it would be better for me to vet out TK providers and acknowledge that the return is simply not going to be what it could be if I would build the team up from scratch.

What I always hear is you need to have a team you can trust and that makes perfect sense, but trust is earned and how do I give all the different players I need to put together the opportunity to demonstrate that trust?  I think that's what it comes down to busy professionals who are buying out of state and why they go the TK route.

 I have never heard of a turnkey promoter.  How do you find those?

I repeatedly read negative comments about investing in Turnkey properties and I would like to hear from those that have had positive experiences and what you did to tip the odds in your favor of having your investment be successful. I am a busy professional and simply do not have the time to put in the necessary amount of time in order to extract maximum profit from a buy and hold BRRR-type strategy and yet I still want a piece of the real estate action. Assuming I go the turnkey route, without espousing how poor of a decision it is, I would like to hear how I can make the most of the situation, and yes, I am aware that I will still need to dedicate time to that process as well.