All Forum Posts by: Tj Hines

@Sheila Campbell dive right into real estate. Have your assets payoff your liabilities. For instance after you pay off your liabilities then what money will you have to invest. Something to think about. Good luck

@Ranil Waite depends on what type of lifestyle you desire to create for yourself. If you have the desire to show to a brick and mortar store business everyday and work it from sun down to sun up be my guest. If you're looking for active/passive cash flow with the opportunity for the duplex to appreciate over time giving you equity then real estate is the way to go

@William Coet put it inside of the lease and if they're caught disabling it, then evict them.

@Kyle Hoppman skip trace the owner. We use batch skip tracing.

Honestly @Kameron Holloway, if I were you with a small budget I would stay as close to my market as possible. I understand that Cali prices are ridiculous. What markets are within 1-2Hrs that wouldn't be such a stretch to get to. At best you may be able to acquire a 4-6plex depending on the market you're in. You also have to figure out who will manage the property in another town? Stay as close to your backyard as you can.

@Brandon Levi Eagan house hacking is not a bad idea to get started. Try networking at your local real estate clubs in your area. Look on meetup.com and search for the meetups in your area. There you will find local investors that could be potentials for you to partner with. Finding partners to fund your deals may take more time than you anticipate. This is a relationship driven business. Most people don't invest in deals just because they are good. They invest in other people, before they invest in deals. Hopefully you grasp this concept. Good luck

@Account Closed every investor is different. We all have different goals. Institutional quality assets are purchased by institutional buyers who aren't buying for yield. But they're usually buying more in quantity than just 16.

It could be a successful small business owner who could be looking for tax shelter and wants to park it in a safe vehicle that doesn't have any hair on it.

@Ariel K. everyone's goals are different. Are you looking to be active in the business or find the right operators to work, with to design your lifestyle around. For me personally with 250K expendable, I'll put together my own syndication as the lead operator. But if you're looking to learn investing passively is not bad at all

@Joel McKinney, simply ask the team for references and case studies on prior deals and how they fared out. Most operators are pretty transparent. At least the good ones are. Good luck

@Manik Sewak

Where do you start? (Follow where all the path of progress is. Make sure you're in an area that's thriving and will continue to do so. Determine if there are more people coming into an area than leaving out. You can always passively invest to learn more about how syndications work from an operational standpoint. Then venture off on your own, once you have a good understanding of how the business works)

Do you consider many cities and look for the best purchase, or focus on specific area that you know well and settle for the best deal there. (I would focus on 2 markets at most when starting out. Learn everything you can about that market. Build relationships with brokers and other operators in those markets.)

When you find one you like, what steps do you take from there? (Learn more about the dynamics of the market and if it has solid fundamentals.)

What gets you to the point of actually getting on a flight to see it in person? (I would stay within a 4hr drive for my first purchase.)

looking for some rules/guidelines here. Thanks!