All Forum Posts by: Kevin Hart

@Jasmine Russell 25 Million in managed assets, 10k a month in passive income. Being able to travel and not think about work. 

@Eric Salgado South Central Bank and Independence Bank have no seasoning. DM me and ill send you my contacts there

@Jim K. whole heartedly disagree. Real Estate is a people business. The better you treat your tenants, buyers, seller, peers, etc., the faster your business will grow.  Real estate is a tight knit community. If you are a lazy flipper, slumlord, or shady wholesaler, your reputation will be known and you'll go out of business quickly. 

"You can get everything in life you want if you will just help enough other people get what they want." - Zig Ziglar

@Makhawadee Pongruangporn hello! I’m an investor agent. Happy to help.

1.3M of gross sold flip houses. Thats what it would take to net 1M after taxes. most my flips fall into the 150-250k sale price.

@Sean Arcayan I use PML (property management of Louisville) as well. Brian Stocker and team does a good job

@Kevin Jennings Its hard to find deals that meet the 1% rule on market, even in my market of Louisville, KY which tends to be pretty affordable. Have you considered the BRRRR method? That is how I get my rentals. It builds in equity and helps me exceed the 1% rule every time. Also, get connected with your local wholesalers and other investors. You'll find much better deals off-market. Also, play around with the BiggerPockets calculator if you haven't already. It will help you get more comfortable with what is a deal and what is not.

If I were to Net 1M in my market, I would have to do about 1.3M in gross sales. In Louisville, KY, my average flip profit is 30k. So I would need to do about 43 flips per year. At that volume I would want to have at least 4 different GC's running the projects. To find that many deals I would be buying from other wholesalers and doing my own direct-to-seller marketing. 

I use Nikki Kovacs with Tax Force Inc. They have been great and have plenty of experience with real estate investing. 

@Nathan Leger I'd try to find someone you can partner with on your first deal to reduce your risk exposure and hopefully give you some peace of mind. I spent 4 years on BiggerPockets with analysis paralysis and regret ever day I didn't start investing sooner. Eventually I told my wife it was now or never and jumped into my first flip, very nervous, but it worked out and have been investing ever since. Also, I assume you currently have a job, so what's the worst that can happen? loss a little money and have to keep working your job?