All Forum Posts by: Kyle Mitchell

@Brandon McBride welcome!  I would say to be an active member (meaning posting and helping others) of BP and educate yourself on the forums.  BP is a great tool and can connect you with the people you need to surround yourself with the most.

@Joshua McLean if you can't find one in your local area then you should consider starting one yourself!  It may sound intimidating but it's really not and if there isn't many in your area then you can bet other people are looking for the same thing.  Better to be at the head of the table then just at the table attending!  

@Ben Wilkins

1. Two fold for me.  I would have quit my full time job sooner to pursue my passion in real estate.  And I would have pushed myself to fail more often.  The more your fail the more you learn!  I would have taken those failures and turned them into successes and would likely have more deals under my belt because of it.

2. Take massive action. I plan on submitting 3 LOI's per week, be an active member on BP daily and start a podcast to grow my network.

@Mark Erickson I agree with @James Galla you need to set aside monthly reserves for maintenance and turning of units and also start out with a reserve account of about 4-5% of the total value of the property.  I've seen student housing crush the 1% rule mainly because you are renting by the bed not the bedrooms.  It's a good model but you just have to know the downsides and risks before going in.

@Danny Randazzo thanks for sharing and congrats on the 130 unit!  

@Matthew Baltzell I am in the same boat as you are.  Finding deal flow has been a challenge, there are tons of "deals" out there but not of which pencil out.  Over the past few months I have heard several people say it's taking them 100 deals to get 1, I am now hearing it is taking some up to 250 deals until they find the right one.  Patience is key and so is sticking to your criteria though!

@Cody Stegeman I use a tool called Property Tracker but it doesn't have the full functionality of what you are looking for.  I would suggest checking out Cozy.co (not sure on all of it's functions), Buildium or Appfolio. 

@Joe Martin there are many different avenues to explore when investing in real estate.  What are your goals and what will your focus be?  Once you've figured these out you can narrow it down to a specific course or mentor you would like to go with.

@Jill Curran Here is a link to an article on OZ's, hope this helps and this doesn't get taken down.  This is not my article and I am not promoting anything.

https://www.cpexecutive.com/post/release-of-guidelines-renews-interest-in-opportunity-zones/?utm_source=whatcountsemail&utm_medium=capital%20markets%20update&utm_campaign=capital%20markets%20update%20newsletter

@Martha Codio My fiance and I work together and started our real estate syndication company together.  It's definitely not easy but I think it's all about having a shared vision and goal.  If you are not on the same page then it will not work.  We wrote out our goals together and have them up on our wall so we see if everyday.  I would also say that planning things out in advance is a must.  We schedule personal time for ourselves every week so we know when to separate work from personal.  We are still building our company so there is more work than play right now but we are working towards that shared vision.