All Forum Posts by: Jeff G.

Well played sir, keep at it success comes for those who work for it!  Great Job!

@Ben Phillips  5% 25 year amortization 5 year note.

I have an LLC that is two years old. I also have a commercial line of credit.

I actually didn't ask for it, my bank offered it to me.  I was converting both my conventional loans to commercial at the time tough.  By the way the closing costs are WAY less on the commercial side.  For me its about $250-500 per property ALL IN

@Nathan Schoenborn

i sent you a colleague request  Please let me know if this is available

@Casey Kooiman

sent you a PM with the roofer I use and recommend.  He does exceptional work and is always the lease expensive of the bids I get

@Brendan M.  You have the right attitude, you have to keep your eye on the ball and stay motivated to succeed.  Real estate investing can be an up and down game, when you are frustrated or discouraged you will not succeed if you don't lift your head up and keep moving forward.  Make small achievable goals and hit them out of the park, gain momentum and never look back.  It took me over a year to get my second property, and now I am actively looking for a third just a few months after buying my second. (achievable goals)

Surround yourself with motivated people, network and talk to people who are successful.  I have coffee with a buddy I met on this sight every 2-4 months.  We get together and talk about what has been going on in our investments and feed off of each others information and ideas.  We want to see each other meet our goals and will help each other out however possible. I walk out of those coffee hours more motivated to succeed than ever!  Network and build relationships, I cant emphasize this enough.  It will only help you find deals and generate ideas.

There are obviously a TON of assumptions there.  I actually did something very similar but on a six year time line a month ago.  It's one of those, "if all the stars, planets, AND moon particles align" 

type scenarios which is unlikely at best.  I need to buy one property before the end of the year and 4-5 next year and right now I cant find the one.... so like I said, there are a lot of assumptions, probably the biggest is property availability which meets your investment criteria.  I'm picky, and have very high cash flow expectations so my properties are hard to come by.

If you want something more realistic tailor it down with more conservative assumptions.  What is the likely real world AVERAGE cash flow per property?  Is it really $400, if so great.  Do the same for purchase price and on and on..

Good luck

Nope, used it for my most recent property and it worked great!

Can you buy her side from the bank?

May be an option...

Its all about cash flow which you already know.  I look for properties that cash flow as much as possible from day 1 because that lets me buy more properties sooner.

You have an invaluable resource with your grand father.  If I were you I would start talking about succession planning for his rental empire and tell him you have a genuine interest in taking it over or a portion of it.

With an estate as big as his tax implications can become a real problem if measures are not taken prior to his passing. My 2 cents.