Building A Real Estate Empire



I'd be interested in the booklet if still available.
Have always considered getting into real estate at some point.
 
Sent the biz plan out to everyone that's requested it, i think....

I repeat : I am not looking for anyone here to invest money. I'm pretty sure we can hit our full funding amount in a couple of weeks, so there's no reason to pander around on WF for money.

What I am looking for is more sets of eyes to read over the plan and see what I've missed. I've made many revisions to the document, it started out at 10pg and is now to around 34pg.
 
IPO is still chugging along , around 14% so far of our total capital goal. Our plan was to raise it in 4 months total, we are 11 days into it so far which puts us ahead slightly, but i'm not seeing BIG share buys like we saw on the first 3 days.

We're looking at two solid properties right now with the IPO money.

#1 - 4br 1.5ba on a quarter acre lot. Listed at $42.9k needing around $5k in repairs. Monthly income would be $750 or greater.

#2 - 3 units on one lot (Two properties, one duplex one single-family). Listed at $74,900 with $1050/mo in income from two of the three units being currently rented. At full occupancy income would be $1400/month.

I've gotta get a better, wider angle lens for the camera, but once we get that i'll be shooting weekly video updates.
 
ITT. all the posts delivered, courtesy of WordAI.
How to say "send me a booklet" in 20 different ways.
 
^^ He was just commenting how everyone was asking for the book you mentioned in a sightly different way.

Can I also get a PM with it as well?
 
Would love a PM with the booklet. About to get into real estate myself and diversify my assets aside from stocks/cash.
 
Under contract on two properties. One is a multi-family property with $1400 in income potential ($1050 is realized over two units), the other is a 1400sf house that needs worked on for $27.5k.

Posted an ad on facebook saying I wanted to buy houses for rentals, had 6-8 people contact me within a hour or two. Out of those leads, one looks like a real deal. He was a local contractor who wanted to flip a house. Totally screwed the pooch on it and ran out of money. He bought a little house for $16k in a decent area, gutted it and built an addition on more than double the size of the house to it. Ran out of cash without finishing the inside. $30k or so to finish, he offered it to me for $40k and the market value would be around $100k after rehab. So , it would make a good flip and we are seriously considering it right now.
 
This is the issue I've run into on this. My mother is flipping houses right now.

I really like the idea of rent just coming in every month, but...you can get your $20k equity right now by selling.

We're doing one now bought at 35k, put <$5k in it, and it will sell immediately for $55-60k. Took two weeks to rehab. This is an exceptional deal, but that's $20k for two weeks work.

This would rent for $500 but after taxes and interest you're only making $200 a month on something you can just flip for $20,000.

One thing you may consider is just selling these outright until you have your own bankroll. Then you don't need to deal with any investors.
 
schockergd said:
Under contract on two properties. One is a multi-family property with $1400 in income potential ($1050 is realized over two units), the other is a 1400sf house that needs worked on for $27.5k.

Posted an ad on facebook saying I wanted to buy houses for rentals, had 6-8 people contact me within a hour or two. Out of those leads, one looks like a real deal. He was a local contractor who wanted to flip a house. Totally screwed the pooch on it and ran out of money. He bought a little house for $16k in a decent area, gutted it and built an addition on more than double the size of the house to it. Ran out of cash without finishing the inside. $30k or so to finish, he offered it to me for $40k and the market value would be around $100k after rehab. So , it would make a good flip and we are seriously considering it right now.
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Congrats, sounds like it's going well. I've been an agent in Cincinnati for about 9 years. RE investment is the "hot" thing to do now. I've only dabbled a little myself doing flips. Really been thinking about diving in a little deeper and doing some rentals. It seems 75% of the investors I've worked with, fail for one reason or another. It seems easy, but a lot don't make it past 1-2 years. I "think" they don't plan, or set back money for emergency repairs.
 
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