All Forum Posts by: Rodney Robinson

@Charles Seaman thanks, Charles. I have found Michael Blank’s content and training to be very valuable and have spent most of my time lately subscribed to his content.

@Ben Morand is this property in liveable condition where a lender would fund?

@Kyle J. I agree. The cost of vacancy from raised rents that tenants cannot afford likely exceeds the costs of missed opportunity from not raising rents this round. Minimizing the risk of vacancy should be top priority (if you have good quality tenants)

@Anthony Gayden agree. There is nothing new under the sun. Our nation has had crises before. Awareness and preparation are key. This season is devastating but will not be permanent. Real estate does not go away, nor do tenant needs for property, and nor do high quality tenants. That said, this emphasizes the importance of solid cash reserves to weather the storm.

@Katie Miller multifamilies...I already plan to buy apartments, and with other investors in syndicated deals, depending on size and values, $1m of my own money should last for more many deals and provide for great long term cash on cash returns.

@Keeley Hubbard

That is awesome. I have heard and seen examples of people saving many years (needed from experience) by learning proven models from mentors. I plan to do the same.

@Cem Gumus

Which choice presents the highest wealth building potential (holding the rentals, selling off the condos) and at what level of risk (likelihood the condos will sell)?

Is that level of risk acceptable to you?

Which level of risk is acceptable to you and can you accept the potential returns from going that route ?

What was the plan when you purchased?

@Rick Martin the passive route sounds most fitting for @@Mohammed F.

Another thing to consider, if your goal is passive and minimal oversight/management, investing in others deals can present a steady set of passive income streams, but you are limited in your potential for massive returns. It sounds like this is acceptable to for your goals for retirement.

@Brian Burke great post Brian. I am using this time to learn about multifamily investing and take advantage of the opportunities that this current climate will bring in the coming years, similar to past recessions.

Nothing is new under the sun. We can learn from the past.

As Buffett, known for his strict composure and self-control, stated, “Be fearful when others are greedy and greedy when others are fearful.”

I would caution the use of credit cards. They are probably not best and should be the last choice for most people. My thoughts are that if someone needs to use a credit card to fund their first property, perhaps they are not ready.