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All Forum Posts by: Lindsey Jellig

Lindsey Jellig has started 5 posts and replied 17 times.

Post: Kris Krohn experience?

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

Hi @Becca F.

Thank you for sharing your experience. It sounds like you trusted your intuition at the right time and kept your $18K available for something with stronger ROI.

I also had a call with Kris’s team back in 2022. Kris even sent me a personalized video message about “partnering” with me, referencing specific goals I’d shared with one of his team members. After investing the $18K to join, I never heard from him again and ended up as one of hundreds of participants on weekly group calls—far from the 1:1 partnership he described.

After three denied refund attempts, my heart sank. That mix of disappointment, shame, and embarrassment really stuck with me—but I’m now channeling it into connecting with others so we can be smarter together when evaluating mentorships and influencer programs.

Post: Kris Krohn experience?

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

I have heard some buzz around Kris Krohn & RE investing. Does anyone have experience working with him and his team or know someone who has?

Post: Anyone building a portfolio passive multi-families investments?

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7
Quote from @Evan Polaski:

I will offer the story of someone that found NOT success in passive multi-family.  

Ultimately, passive investing is ideal for those that already have very high net worths and/or plan to maintain their high incomes for quite some time.  

My "not success" is based on many factors. Buying at peak (my 21 and 22 investments are likely complete losses), buying on floating rate loans, misalignment of sponsor (acq fee resulted in about a 5x+ return to sponsor day one.  Put another way: $2mm co-invest into fund yielded about $12mm in acq fees for sponsor).  

I know my experiences are very limited in the universe of all passive investment opportunities, so take with a grain of salt.  And all of these issues were disclosed up front, so I take responsibility for not being more prudent in my diligence.  The sponsor had a great track record prior to that, and held in very high regard in the community.  They got greedy when capital was flowing, and I got greedy thinking the COVID boom would only die off slightly.


Thank you for sharing your story and I have had a similar experience phew. Experience is expensive!

Post: Anyone building a portfolio passive multi-families investments?

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7
Quote from @Jeremy Horton:

What do you mean by active vs passive? 

Active as in managing the property? Rehabbing the property and managing subs? Actively finding deals or using a 3rd party marketing/acquisitions team?

Passive as in managing the property or passive as in syndication?

 Hi @Jeremy Horton exactly. Passive as in syndication or even less time spent with the property via investing in a platform like

https://www.mogul.club/ 

Post: Brokers who found success as active RE investors

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

Looking for active licensed brokers / real estate agents who are also active investors building a portfolio of properties. Curious how you weave in insights from your own investment journey into working as a licensed agent helping others achieve the similar investment goals. What states have you found most success in to cash flow? I am based in NYC and curious if you found success here or mostly in other states.

Post: Anyone building a portfolio passive multi-families investments?

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

Looking for people who have found success in passive multi-family investment. Why did you start? What mistakes have redirected your path forward? Where you ever active and turned passive? Looking for active investors to share their stories.

Post: Being a landlord worth it in Ny?

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

Thanks for sharing your story, Brittany. I went through the same thing in Brooklyn. The squatter on my end was a friend of a responsible and paying tenant. The friend was there for 8 months after the renter passed away. It was a tough situation to handle.

Similar to the other comments in this thread, yes, I hope a new mayor brings more rights to landlords rather than disproportionally tenants. I understand there are a lot of NYC "slum-lords" who renters need to be protected by but the current state of the how many rights tenants have with good all the ethical landlords out there isn't balanced just yet.

My vote: don't give up yet. I understand the feeling of wanting to. These tougher situations are edge cases and don't think it happens as often as getting great tenants. I also agree with looking to landlord in states with laws that are more balanced btw both parties. Hope this helps! I'm here anytime to chat more.

Post: Section 8 issues

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

See this is acknowledges a larger issue the government needs to do more user research into. Section 8 is meant to help ALL people get homes. When something in the process is broken and it doesn't instill confidence in landlords to want to accept section 8 next time (which is of course illegal) — the gov't has a social responsibility to come in to look how to make this favorable for all four parties in the transaction (tenant, case manager, landlord, real estate agent) to increase adoption and retention of the program at large.

Post: How to use AI to save time and money on rental repairs

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

Also when I asked both platforms "What are the top three markets to invest in real estate in NYC?"

Chatgpt was more correct in the first attempt and the information was more scannable to read fast. Gemini gave a very expensive market first which I was surprised by and the answer had no formatting or bolding of the info making it hard to scan.

Post: How to use AI to save time and money on rental repairs

Lindsey Jellig
Posted
  • New to Real Estate
  • New York NY, USA
  • Posts 22
  • Votes 7

I have found chatGPT to be more accurate within solution 1 or 2 than Gemini especially when it comes to imagery.

Check this out, after uploading the Corcoran logo with this prompt here is what happened on the two platforms:

"

Create a detailed 3D render of this logo made from colorful felt.

It should have a soft, fuzzy texture with visible stitching & hand-sewn details. Use bright colors, soft natural lighting, and a black background. Focus on the warm, handcrafted feel."

1 2