All Forum Posts by: Tyler Fontaine

 I was going to leave feedback on this post but Joe hit on a bunch of the major things here. Definitely put some serious thought into these and then apply the knowledge. 

In regards to PM, these are good and bad ones out there just like anything else. Hiring a PM is like dating and building a relationship. For real success you should be looking for someone who aligns with your values, philosophies, and you should be shooting to build a long term realtionship.

These people will become a part of your investing team. They should be looked at more so as partners rather than someone that works for you. Eventually these people may know more about your buildings and tenants than you do at a given moment. Allowing them to guide, advise, and coach you through the process. So this should be taken seriously.

It's important to understand that companies core values and principles. Do their investment strategies mirror yours? Do they have systems in place to operate effectively? How do they treat their clients, tenants, and staff? - does it align with how you think things should operate?

We have a client we are onboarding for PM. Gorgeous colonial with a huge inground pool in the back.

The clients insurance covers this and such but i'm looking for any addenda that specifically addresses the pool/it's usage/etc. 

Also building on this, not sure what business you're in/if you have staff/clients etc... we implemented a rewards program for this exactly. $25 amazon card to any tenant who leaves a review, client, or team member who gets someone to leave a review ;)

"Wholesaling Inc" on spotify is a good podcast and resource

https://www.youtube.com/c/King...

Great place to start as well

2 years to get your initial investment back... good for you :)

So you definitely need a better realtor then. Thats a huge gap that needs to be covered. Kinda crazy you made it that far. You can offer the $140k and see if they bite. (Unlikely obviously) Regardless if you cant come to terms then you need to back out and get your deposit back. 

That said, my next play would be to get the loan for the $140k and then have the seller hold a second note on the property to cover the difference. If they are willing to do this then there's a solid chance you can negotiate very good terms for yourself with them.

Yes, this is something that will take time. Our company is actively building this out to be more robust. However, it is totally worth the work you have to put into it. We have already seen an increase in our presence through searches, direct inbound leads, etc

Find someone or a company that can help you to build out a landing page or site maybe that you can link to the account. Then work with them on what you need to do to SEO and rank better in google. Ask all your friends and family to leave a written review. 

Mmmm I love seeing stuff like this. Good for you on setting yourself up to be in a position like this. 

If I were you I would make a plan on how to allocate the monies. If you can get into a BRRRR, flip, or any type of value add I would strongly consider doing this. You can use the funds as down payments on other Hard or Private monies. Doing this will allow you to recycle your cash as you exit into regular loans on what ever you buy.

Example. You find your next house hack thats a value add (opportunity to increase rents, rehab units, etc.) HELOC lets you get access to Hard/Private$ to buy the asset. Then you can use your monies for rehab cost. Rent. Refi, and pull out the majority of your original capital to put it back into savings, invest again, etc.

As long as you have a plan on how to deploy the capital and the returns beat what ever your interest rate is on the monies you'll be in good shape