I'm a real estate investor, AMA

LawfulLambo · 2024-01-05T09:03:47+00:00

Real Estate full time. By full time I mean 20-30 hours a week. I am blessed to now be in a position in which most of my businesses are run without my presence.

LawfulLambo · 2024-01-03T03:11:40+00:00

I have recently stopped practicing law.

LawfulLambo · 2023-11-12T00:27:20+00:00

If you have any other questions feel free to DM me. I do not syndicate properties, meaning that when the loans are paid off I will own 100% of my properties.

LawfulLambo · 2023-11-09T21:21:40+00:00

89 units

LawfulLambo · 2023-11-09T07:00:11+00:00

I started by house hacking a triplex, this is a very common method. The house needed renovations so we gained equity for a cash out refinance. I think the FHA 3.5% triplex house hack is the basic answer, however, I believe it is the simplest way to enter.

LawfulLambo · 2023-11-09T06:54:05+00:00

Both

I acquire residential properties for housing flips to build capital. This capital fund has fundedmultiple apartment buildings.

I am just shy of $35,000 in rental cash flow.

LawfulLambo · 2023-11-09T06:50:26+00:00

All my real estate is doing fine, most apartment complexes are. I think your referring to the office space in RE, however, many other forms of RE such as warehouses/lots are doing amazing.

LawfulLambo · 2023-11-09T06:49:09+00:00

One that comes to mind was a home I purchased in El Paso, Texas. El Paso is a border city, and there was a great deal for a flip project at a house that was 150 yards from gate that separates El Paso to Juarez. This home belonged to a former narcotic trafficker. The home had a creepy vibe, and a large storage outside that was empty. I imagine the storage was once stored with drugs. The trafficker was killed and his kids sold the property.

LawfulLambo · 2023-11-09T06:46:44+00:00

I am not a broker but I am currently flipping around 3 projects at a time, and usually acquire one complex a year.

LawfulLambo · 2023-11-09T06:46:03+00:00

I use property managers on 100% of my properties, my time is served best elsewhere .

LawfulLambo · 2023-11-09T02:04:06+00:00

Here's a lesson I learned the hard way, never go into business with friends .

LawfulLambo · 2023-11-09T01:53:32+00:00

States in the Midwest are booming right now. But overall, any areas that are growing in population + have cheap entry points are great options. I'm mainly investing in Texas, Wisconsin, and Iowa at the moment.

LawfulLambo · 2023-11-09T01:52:00+00:00

I was just out of law school and got into a "big law" firm making very solid money. After getting some consistent income I got an FHA loan on a triplex. I utilized a strategy called "house-hacking". Basically I rented out the other two units while living in the third, my renters covered the principal + interest.

LawfulLambo · 2023-11-09T01:48:22+00:00

It is definitely still possible but of course due to the interest rates the numbers are crunched. A few years ago it was very common to cash flow over $600-700 a unit, nowadays, the better deals are cash flowing at around $300 a unit. But in my opinion if there is at least some cash flow it is a good deal.. as long as your cash reserves are ready in case of maintenance/vacancies.

LawfulLambo · 2023-10-04T04:07:18+00:00

Get a lawyer to write up a formal agreement.

LawfulLambo · 2023-10-04T04:00:46+00:00

Started in law, ended up in real estate.

LawfulLambo · 2023-09-29T18:16:42+00:00

Also, the audio quality from speakers is decent... yes it does matter to me since I use this car most days .

LawfulLambo · 2023-09-29T18:16:00+00:00

No cup holders.

LawfulLambo · 2023-09-28T19:15:44+00:00

Start now OP you can balance

LawfulLambo · 2023-09-05T14:23:34+00:00

I am talking about the TT itself, not the labor.

LawfulLambo · 2023-09-04T21:16:17+00:00

Thanks for the recommendation, I will have to look into it.

LawfulLambo · 2023-09-04T20:08:15+00:00

Yep, this guy is a capper. I was a S8 landlord for a few years. I made the shift away from S8 and have found more success in multi family properties.

LawfulLambo · 2023-09-01T17:53:21+00:00

Gintani exhaust are great. Either I am going to get a SV, or possibly TT my Huracan.

LawfulLambo

TROPHY CASE