All Forum Posts by: Kyle Curtin

Hey guys! I was watching an interview with Jim Kwik and Dandapani last night that was talking about concentration!

This entire interview was phenomenal and I highly recommend it, and one thing in particular that really resonated with me was something that Dandapani mentioned…

He said “you practice what you become good at”. And most people including myself upon first analysis just took this at face value about simply practicing something and through repetitions you will become much better at it.

But he took it a step further, mentioning that this is indeed true for good habits/endeavors, but also for bad ones too…. If you spend hours and hours every day procrastinating, you will become a good procrastinator because you may not be aware that you are practicing that habit…

It was something that just made me think a little bit about the things I do every day and it made me think about the habits I have and what needs to be altered or practiced!

What do you think about this video? Check it out when you get some time!!

https://youtu.be/n_In0gz56V4

Something that I have found among new folks getting into real estate/ business is the concept of “finding a mentor”. Many people think that you can’t move forward with anything unless you find your “mentor” first by directly asking folks to teach you.

This is a fairly common mentality from folks just starting out, and no shame if you thought this way when first getting into the game.

What I have found from my experience in the past few years of getting into REI is that this mentality is (in my opinion) partially correct and partially incorrect. You certainly need mentors to progress without a doubt and in turn should become a mentor for as many people as you can starting the journey later than you to pass on the knowledge.

HOWEVER, going up to someone and asking them directly to be your mentor will most likely get you absolutely nowhere. There needs to be an equal value exchange on both sides and from what I have experienced, having a mentor is much more “indirect” then “direct”.

What I mean by this is listening to podcasts, reading books, making friends & genuine meaningful relationships with other people in the real estate space and hearing their story, seeing how you can help them, and just constantly absorbing information and being in the sphere, taking hands on action and learning “trial by fire” etc. is how you get your “mentorship”. In my opinion, many people will indirectly be your mentor, as you will be for others. From authors, to podcast hosts/YouTubers, investors in your market, agents, contractors, etc. everyone is in a way a mentor to each other.

Real estate investing is a game of absorbing knowledge and taking action on it to work towards a vision, and the more that you are inside the atmosphere, the more things will happen 🙂

What do you think about the “mentorship” concept?

Quick tip about mortgages!

Did you know that you aren’t “required” to pay your mortgage on the 1st of the month?! Let me re-phrase, banks typically give you what is called a “grace period” when you have residential mortgage debt. A grace period is a period of time between the 1st of the month and when the mortgage is actually considered late! It is not considered late on the 2nd of the month! This grace period is usually between 14-16 days after the 1st of the month (depending on your lender!)

Basically what this means is that while the debt payment is due on the 1st, you actually have potentially another 2 weeks +/- to pay it without penalty. If you try to pay it after that grace period is up, then the mortgage is technically considered late and that’s when the bad things will happen!

This is something that’s very interesting especially if you are expecting rents from a multifamily to satisfy that payment.

Does anyone like to strategize the draft to a certain day within your grace period that is not on the 1st?

@Reynaldo Rivera

Sure thing! We have a Facebook page or I can add you to the email notification list if you would like, whichever is easier!

Investors, there is something that’s pondered my mind for a while and I have heard a multitude of opinions on.

If you have built up a significant amount of equity in your properties from principle paydown & appreciation, do you feel risk in keeping a significant amount of equity you have earned within the property because of potential negative market correction and losing access to some of it, or do you prefer to take out large amounts via refi or heloc and put it into another asset class until you find another deal to put it on? 🤔

@Reynaldo Rivera

Hi Reynaldo! My name is Kyle Curtin, I am an investor/househacker with a recently purchased 3 family in Leominster, and an investment focused agent with Candor Realty! I have lived in Tewksbury my entire life and know the Lowell multifamily market very well. I would be happy to answer any questions you might have.

Also, I highly recommend checking out our monthly Lowell Pints & Properties investor meetup, it is a free event that our team puts on every month and is a great place to meet other investors, listen to awesome local guest speakers, and learn more about real estate investing!

 Hi everyone! I wanted to share a tip that has drastically changed my life and progression in a short period of time.

So you want to get into real estate investing or start a business in a new field and want to create meaningful relationships or potentially look for a “mentor” to help you get started. I am sure you have heard it before, but in this business relationships mean absolutely everything and can make a ridiculous difference in your success and the acceleration of it.

There was something that I discovered a few years ago that is surprisingly simple that has made unreal differences in my plunge into real estate investing thus far, and it’s completely FREE and EVERYONE has access to it (the guru’s are going to hate me for this one LOL, no $997 weekend sales pitch that just so HAPPENS to be on sale today and today only!).

I am talking about social media. There is an unexplainable amount of power in going on Biggerpockets, Facebook, Instagram, & ESPECIALLY LinkedIn and just looking for people that are in the field you want to get into, connecting with them, and sending them a private message telling them a little about what you do and that you would love to connect and hear their story.

I can’t stress enough that this must be completely genuine and not trying to just give them a sales pitch or anything to get people on the phone, you are trying to “make friends” and learn with people in that industry. Most people out there especially in the real estate sphere will be more than open to hopping on the phone, Zoom, or going out for coffee/lunch to just chat and learn more about each other because you never know where things could lead in the future. Not to mention that it is extremely fun to see what other investing strategies people are deploying and where, because everyone is always doing something a little different! Like anything not everyone will respond to you, but the ones who do can totally change your life and you may be able to help them out and you may even do a deal together someday.

The sky is the absolute limit, and from personal experience the relationships I have built from doing this a little bit every day have given me an awesome foundation to begin my real estate investing journey and have opened doors that I couldn’t even imagine 2 years ago. In my opinion, I think it is so effective in real estate because investing is such a “team based” sport and there is a limited amount you can do by yourself. You may think “oh well isn’t he/she a competitor? Why do I want to talk to them, aren’t they going to steal my deals?” The answer is 100% no. There is always enough pieces of the pie for everyone, and if anything it is very beneficial to get to know the investors buying in your market and see if you can help each other succeed together.

Go on these social media sites, and type in your target market, and the people who you want to meet. For me, LinkedIn has been amazingly powerful because you can actually put filters in the search for those target people! Example: Real estate investors in Worcester, MA! Then you go down the list and connect with anyone who you want to potentially meet, and send them your message!

This is a really good way to genuinely start relationships that may prove invaluable to your success and quite literally can change your life for generations from the very device that you are reading this from. The more people you meet in different areas, the more powerful your network will be, the more opportunities come up, and the more your life can change. You also may be able to help those people with something to benefit their journey as well!

If anyone wants to practice for the first time, I am more than willing to help you and can show you some of the example questions I like to ask folks to start a conversation and keep one going so it’s not awkward (been there!) to get you started. Shoot me a message and I would love to get you started 🙂!

Happy Monday guys!,

Kyle

@Luis Soto

Hi Luis!

My name is Kyle Curtin, I am a househacker and an investor focused agent in the Greater Boston & Central Massachusetts areas. I believe that you are in the right place, admire your ambition & wanted to thank you for your service!

My personal opinion for the Boston area depending on your work/responsibilities/life situation is to be able to leverage the power of your VA loan in a market closer to central Mass. The Boston area is one of the most expensive markets in the country, however the father west from the city that you go, the cheaper the property prices will be and potential for more "bang for your buck". Some of these markets are dominantly multi family buildings and have been in the process of being revitalized through different growth strategies. The VA loan can be very powerful and a phenomenal way to jump into real estate investing and is a big advantage.

I currently own a 3 family househack in Leominster, Mass (about 50 minutes west of Boston and 25 minutes north of Worcester) and I was able to purchase it for $470k back on December.

Luis, I would love to chat and connect with you if you were interested and have some time! Feel free to send me a message so we can set up a time that works for you! 791-281-5749.

@Jonathan Bombaci

Thank you very much for the mention Jon! @Brian Lucier and I have actually connected quite a bit and I interviewed him on the podcast as well last year haha! He is such an incredible and inspiring person to be around, with an absolutely amazing story & vision!!! :)

@Erick Sembrano

Thank you so much Erick! It has definitely been interesting so far but a very big learning experience! :)