All Forum Posts by: Brennan Ross

@Kevin Vincent

Can you give your update on how you got it and how it has been? Does it have the unlimited feature? Thank you.

@Jeff Greenberg Hi Jeff, which Mastermind is that? Thanks in advance.

@Brian Watkins Thanks for the info! Did you look into callmotivatedsellers.com at all? 

Also, how many prospects were they calling for you at LeadGenPros?

Originally posted by @Shawn Ackerman:

@Cody Evans you ready?? Thisnis what I say ALL THE TIME “I’m a local real estate investor looking to grow my portfolio and I’m calling to see if your are STILL imterested in selling your property at.....Address. “. That simple

Hi Shawn,

Quick question, why do you say STILL interested when talking to a seller? 

Originally posted by @AJ Nemeth:

Thank you for the comments.  My goal is to double the money in 5 years.  I have invested out of state in SFRs already and start to think that would be hard to scale.  I'm willing to be more active in the next 5 years and believe I need to do more value add in this environment.  Can $1m get me into the multifamily without asking others for money in a strong job market?  Thinking Texas markets and Atlanta?  Or Fl?  Or should I stick with single family and keeping adding properties one by one but hoping to add some value slowly in the process.   My goal is not necessarily cash flow but to grow portfolio with a balanced approach to achieve the best aggregate return (cash and equity appreciation).   Any thoughts are appreciated! 

Hi Aj,

I know you mentioned you wanted to double your money in 5 years. Another way to think about this is in terms of what kind of annual return you're going to need. Using the Rule of 72 we can calculate that you're going to need an annual return of 14.4% on your capital in order to double your money in 5 years. It would be tough to find a market that offers 14%+ in appreciation so my focus would be looking at a multi-family property in which you can add value. Buying something that is very distressed and then renovating the units and raising the rents, driving the cap rate down and raising the value of your property. Best of luck!

Originally posted by @Manny Cirino:

@Brennan Ross There is not too much on the web dedicated to development and I believe its because the busy nature of the field. I have searched and there aren't any forums available but there are a hand full of great youtube channels you can draw from. Let me know if your interested in them.

 Yes, those Youtube channels would provide a valuable resource! Thank you in advanced.

I have recently been looking for places to learn more about real estate development from actual developers and people practicing in the field. Besides BiggerPockets, is there any other places you guys go to get your information and talk with other developers? I found a site called Cyburbia, which has an active community of urban planners which I find appealing.

Thanks in advanced,

Hey all, Been lurking for a while and soaking up all of the info on here. Finally biting the bullet and buying a condo as my first rental property. I am currently in college and recently started my own business. I have a source of income, but I do not have any credit. In the past 2 weeks I have taken out a credit card in my name to start building credit. I am located in New Hampshire. I was wondering if there was anyway around this so that I could get a loan. Could I possibly get my parents, who have great credit, to co-sign?