All Forum Posts by: Mitch Messer

Melvin, if you come across any viable wholesale deals in Greater Vegas, please reach out!

I'm looking to acquire 3-5 SFHs in Metro Las Vegas, specifically in:
Centennial Hills (89129, 89130, 89131, 89143, 89149, 89166)
Summerlin (89134, 89135, 89138, 89144, 89128, 89145, 89148, 89161)
Spring Valley (89102, 89103, 89113, 89117, 89118, 89139, 89140, 89146, 89147, 89148, 89178)

I'm looking for pre-renovation, investment-grade properties. No manufactured houses. Exit strategy is MTR or possibly LTR. Can be flexible on beds/baths and square footage, if the deal makes sense.

Extra credit for seller financing and subject-to! 

Thanks, Jake!

I'm still playing catch-up from all the great contacts (like you!) that I made!

I'm gonna need a bigger CRM!!

Just got back from the BiggerPockets Conference 2025, and WOW, was it an eye-opener!

I missed last year’s event in Cancún and promised myself I wouldn’t let that happen again, and I’m SO glad I made it this time around.

The conference venue was the fabulous Caesars Palace Las Vegas Hotel & Casino, the perfect host for such a TOP-FLIGHT event.

The breakout sessions, the exhibit hall and the presentations were all well organized and SUPER engaging.

Keynote speaker Christopher Voss, Mr. "Never Split the Difference," knocked his presentation out of the park, offering unconventional insights on high-stakes negotiations and a good bit of humor!

Here are three of my MAIN takeaways from BPCON25:

1️⃣ You’re Playing on a MUCH Bigger Stage Than You Realize!

Real estate folks (myself included) often underestimate how crucial it is to get out there and network beyond our usual circles. Seeing 2,000-plus attendees who operate in hundreds of different real estate markets (Alaska!) made me realize just how PUNY my business network still is. We all need to connect and interact FAR more than we think we do!

2️⃣ Sharpen That Elevator Pitch!

When you’re trying to connect with hundreds of people in just a few days, you quickly learn that a long-winded explanation doesn’t cut it. I was rusty, but the conference forced me to boil down what I do into a simple, compelling story. Turns out that’s a skill that benefits all of us in ANY industry.

3️⃣ Even Introverts Can RULE!

Just before the conference, I hosted a Zoom session on networking aimed specifically at helping my fellow introverts. I was STUNNED how many folks came through seeking tips and guidance on optimizing their conference experience. I reminded them that while extroverts gain and retain energy by being around other people, we introverts do so by being alone. But, that doesn't mean we can't be networking BEASTS, provided we have a detailed and robust plan for protecting our vigor.

In short: get out there, network more than you think you need to, and refine how you tell your story. The connections and insights you'll gather will be well worth it!

Attending major conferences like the upcoming BiggerPockets Conference requires a HUGE commitment of money and time!

The truth is that live face-to-face events can be a GOLDMINE of leads, deals, connections, and ideas!

Yes, I'm headed to BPCON25 on October 5-7. 

And, while I'm absolutely an introvert, that doesn't mean I don't LOVE being around people!

Networking never came naturally to me. I need a detailed plan to help achieve my daily goals before I run out of energy and have to go recharge in my room!

Join me Thursday, September 25th, 7pm Eastern and in 45 minutes I'll cover my proven strategies for squeezing the JUICE out of your live event investment WITHOUT coming across as awkward or desperate.

I'll show how I develop a plan to CRUSH anxiety and replace it with relaxed enjoyment!

Come learn the RULES of the networking GAME!

Let's play!

REGISTER NOW: https://us02web.zoom.us/meeting/register/9Yt5SicpTCi8FGpbTm4...

(NOTE: There will be NO product sales pitch! I just love networking and want to help my fellow introverts get out there and seize some opportunities!) 

Hey Marissa, I'm interested in both tickets! I can't DM here, so please email me. My profile (https://www.biggerpockets.com/users/mitchblade) has my email and a link to my LinkedIn account.

Thanks!

Rather than rely on random BP folks, you'll instead want to run actual cash flow and cash-on-cash calculations.

That said, the fourplex appears to be underperforming, in comparison to the duplex, even with a rental increase. (And, if the increase was easy to achieve, the current owners would probably have done it already.) 

Also, the turnover on 1BR units will generally be higher than for 3BRs, so that should also be taken into consideration. 

"Enough to be safe" will vary depending on how expensive it would be to regain control of the property in the event of a default.

I don't know Idaho, but if it's a slow-foreclosure state (like California), then 25% down might not be enough to protect yourself. A savvy borrower might be able to drag things out for nearly a year.

In Georgia, where we can foreclose in a month or so, 25% down would be plenty. 

Since you're already on BiggerPockets, you should start here: https://www.biggerpockets.com/resources

Also, if you want to be taken seriously on this platform, I strongly recommend you complete your introduction page AND upload a profile photo.

People will help those they can relate to, and right now you're not giving us anything to connect with.

While there are tremendous opportunities for real estate investment in Latin America, they will typically require solid connections and a deep understanding of the local legal, banking, and real estate scenes. 

I'm seeing opportunities in Colombia, Perú, Argentina, Panamá, and México.

But, unless you're located IN one of these countries, it's probably not the place to learn real estate investing.

That said, you should know that the amount of capital you have has ZERO bearing on whether you can get started in real estate.

If you know how to property recognize and analyze a deal and you are able to get prospective sellers to tell you their problems, you're well on your way to becoming an investor.

However, you could have a million dollars in your pocket, but if you can't recognize nor analyze a deal and can't talk to sellers, you're no investor. And, you're likely well on your way to getting scammed out of your socks by some "guru."

Yes, you probably do need to be making more offers. Wholesalers can be a decent source of great deals, but you'll have to kiss a lot of frogs. You should also consider off-market deal sources, like preforeclosures and tired landlords.

Regarding your second question, if your partner can't help with the funding of a deal, it's worth asking why you'd partner with them in the first place. Are they bringing some expertise that can't be gained some other way?

Rather than a partnership, have you considered each party having their own LLC and then just doing joint ventures to take down specific deals?