All Forum Posts by: Omar Khan

@Mustafa Mo If your own math says, it's a bad deal, why are you asking for advice from others? You've already hit the nail on the head. Pass!

@Darius Anderson You've received great advice from @Brian Burke and @Todd Dexheimer. 

To be honest, I don't know anyone who can analyze 500 properties a month. I'm sure you have a great system but it does not sound like you are doing any analysis with true depth. Just putting numbers into an online "calculator" or  spreadsheet doesn't count as analysis. 

Also, you are looking at too many states and too many thing. Narrow your decision-making down to 1-2 markets in 1-2 states MAX. Then take a deep dive into each market and NEVER invest with a gun pointed at your head. 

@Brendan Chase Best bet is to get educated by reading a ton of books and seeing a lot of valuation videos on Youtube. 

@Ned Carey has great recommendations. I am surprised how little people used the FilePlace section on BP.

To manage investor relations, I like Update Capital. But I run my marketing through Mailchimp. I know people look down on it but it does the job, I love the UI and it makes things really simple.

IMS is solid software but might be overkill for what you're looking for (I can not emphasize how great IMS is). 

If you're only looking for marketing related endeavors, even simple ones like MailChimp and AWeber are great (the latter more so).  

Get busy marketing and building a business and not relying on the Internet for advice ;) j/k

There is no "one-size-fits-all" approach. You gotta figure out what you're good at and go hard at that. 

Buying in the Midwest or doing multifamily syndication in TX/FL might sound nice, but if that's not you then why bother?

GC runs a marketing company (real estate syndication is a type of marketing), podcast and has developed an awesome niche. What do you expect GC to say - slave away at your job, hope for the best and maybe (just maybe) you might end up becoming somewhat financially secure? 

Everyone has to assess their own situation dispassionately before making financial decisions. I can't make the same decisions Bill Gates can make no matter how big I want to go. Similarly, you might not be in the same position that a successful 60-year old real estate whiz is in. 

Don't be swayed by everything you hear on the Internet.

@Caleb Heimsoth Higher salaries don't make for easier people. But it doesn't hurt...

@Mike Vincent You can change the terms of your lease to make it more punitive to break the lease before X amount of months or just not rent to professional sports players (or folks in similar situations). 

Sounds like this NFL player was a solid tenant and did everything right by the book. I hope every tenant is as easy to deal with. 

@Casey Miles Even if the church is the greatest tenant on the planet, what happens when you to terminate their lease? I would be very uncomfortable terminating the lease of a church, a place where many member of the community congregate on something as personal as religion.