All Forum Posts by: Ken Nyczaj

@Elijah Glenn set goals for yourself in one type of real estate strategy. Try it for a year and don’t give up, if you get nowhere, then try a different strategy after a year. A good place to start might be direct mail marketing to find a great deal. Once you have a great deal it gives you options- wholesale, fix and rent, fix and flip. Maybe find a partner that helps with your weaknesses and see what they think.

@Yasuha J. Dorce @Mercedes Longoria @ROGER RAMIREZ thank you. We are heavily investing into DM.

@David Oldenburg impressive work! Good luck on the next one!

@Stephen Herbert Way to stay positive. It’s all about mindset.

@Account Closed the momentum is definitely starting to build!

@Dewayne Reid @Marcus Tukes @Matt Bertsch @Christian Manhard Thank you @LaQundia Green

@Joshua Levine Structure is 30/ 30/ 30/ 10 (lawyer).

Everyone received an equity portion of the profits and no one was paid for their specialty- the lawyer was not paid for setting up the LLC, the tax partner with w2 income not paid for being our bookkeeper and tax strategy, our contractor the other 30% owner was not paid for his time on the job (this may be structured different on the next one, we may offer him incentives for completely jobs quickly) I was not paid for my time of marketing, negotiating with sellers or acquiring property.

Any money someone put up front like marketing costs, materials, cost of filing with state is being paid that out of the profits. We are taxed as an S-corp.

As far as capital I put up 30%, tax strategist put up his 30% and contractors 30%, and lawyer put up his 10% for 20% of purchase and 100% of rehab and closing costs. The bank would not offer us financing on the rehab for our first project, only 80% of purchase price.

@Tiffany Chandler @Selina Banda @Brock W. @Frank Eimiller @Ben Mananggit @Karen Margrave Thank you all!

@Dan Bryskin Kitchen was approximately 15 x 20 with a washer/ dryer room behind French doors. Island countertop is 4x4 feet.

@Steven Rubino nice job, best of luck on the next one.

@Karonisha Coleman @Alexis Sutton @Jason Prevette @Marcia Dabrowski thank you