All Forum Posts by: Stephen Keighery

Investing in getting experience will be the best investment at this point of your career. See if you can help some experienced investors find deals, manage their projects, running their marketing etc. Finding deals and wholesaling them is the fastest way to generate revenue. Also attend all the REIA's and meetups when they start up and build your network and ask lots of questions.

@Jakayi Parker I agree with the other comments that this is not a motivated seller and don't dwell on this one person. Wholesaling is a contact sport so you need to keep contacting people and build your pipeline.

@Nick Love I am an early bird. Love to wake up early and meditate, do affirmations and read to get set for the day. I developed thesehabits after reading Hal Elrods Miricle morning and this made a huge difference in my productivity.

@Joseph Barnes just make sure that you aren't relying on Airbnb rates of returns to underwrite the property. As you see from Corona things can change and the outlook for tourism in the short term is not good. If your deal still works as a rental and using it as an Airbnb just increases the returns then you should be safe. If the cashflow doesn't work as a normal rental then you have a lot of risk built into the property.

Gulf Coast Bank are good to work with.

This was already a small trend @Phil Wells and COVID will accelerate this. I don't think it is going to have a massive impact on cities though, people are still going to gravitate towards wanting to love on them.

If you have educated yourself and are confident in your abilities and numbers @Cody Smith then debt is a tool to bring forward your investments so you can get the benefits of the investment now. If you can clearly see how this will increase your overall return in the long run then I think you should invest with debt. If you aren't confident in your ability or numbers yet and the thought of taking on debt makes you nervous then I would suggest you keep saving and keep learning. Eventually you will either have enough money to invest with cash or have enough knowledge and confidence to invest with debt. 

@Joshua Robinson congratulations on your success so far. It sounds like it's half time and you have a nice lead. So how do you play the second half, do you want get defensive or for stay aggressive and go for the Jugular. You could go either way really.

If I was you I would leverage about half your property for growth and keep half paid. You should have enough to grow and also a solid safety net.

She doesn't sound very motivated @Sophie Ben - if she was motivated she would get you inside the property. I wouldn't waste alot of time at this point if I was you. Figure out the ARV and calculate your Maximum allowable offer with an assumption that everything needs to be fixed. Then make her that offer and test her motivation. At the same time keep driving for dollars and finding more sellers. It is a numbers game and you when you find someone who is truly motivated you will know it.

Done is better than perfect @Mason Mccullough. It sounds like the numbers work as it cashflows if you don't live in it and you are reducing your current rental expenses. Could you find one that pays for itself? Maybe, but you haven't yet. Plus with the owner financing the debt is not on your credit file so if you wind a better deal you should still be able to take it. If this is a deal take it, it doesn't sound like it is going to stop you taking a another smoking deal if you find one.