All Forum Posts by: Steven Le

@Kerlous Tadres yea most definitely building a strong team is crucial for where I'm currently stuck at would love to hear more! 

@Henry Lazerow  if that was the case wouldn't it be more expensive with multi family just curious with turnover cost? 5-10k for a C-D class area? 

@Drew Sygit Hey drew very helpful I would say I'm not any expert still a rookie trying to soak up as much knowledge as I can definitely I would say I know some knowledge on differenciating property classes but definitely not as much as you. I will definitely keep your those points in my head. Detroit unfortunately is not on my radar at the moment but I will let you know if I change my mind.

@Shawn Ackerman thanks Shawn! Definitely insightful as I'm debating either between slight value add or turnkey as turnkey like you said doesn't give me a the option to force appreciate the property 

@Todd Dexheimer Hey Todd! Thanks for the opinion definitely will take into consideration. Real estate has been on my radar for quite awhile just the market I currently live in doesn't quite offer cash flow unless I dump a huge deposit which wouldn't make any sense on a CoC stand point I haven't quite dived down the Hardmoney and syndication route but would love to know more

@Jeremy Taggart  Hey Jeremy, Thanks for that insight! As im starting to realize my team is everything just the hard part is being able to find them

@Ben Fordahl  That's awesome it's nice to connect with people in the same boat as me lol! 

@Bernice Retzloff Hey Bernice thanks for reaching out as B style neighborhood are on my radar and will definitely take in to consideration unfortunately I have switched markets from Memphis due economic reasons and crime as a new investor just want to mitigate as much risk as possible then hopefully come back to Memphis when I'm more seasoned. 

Wow! I can't explain how helpful this was and also thanks Mellissa for going so in depth 🙏 will definitely consider those points! 

@Nicholas L. Hey Nick you give a very good perspective on that! I'm also working with slightly higher interest rates as a Canadian investor so breaking even is probably something I can be happy now that mention with with that being said in a good neighborhood hopefully C+ to B class then hopefully refinance as interest rates drop in the future and captilize on cash flow