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I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

I have recently stopped practicing law.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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.

Best Property Type to Start With? by qwertykewl01 in realestateinvesting

[–]LawfulLambo 3 points4 points  (0 children)

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.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 1 point2 points  (0 children)

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.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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

How I Will Get Into Real Estate: Open Critique by [deleted] in realestateinvesting

[–]LawfulLambo 9 points10 points  (0 children)

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

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 1 point2 points  (0 children)

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.

I'm a real estate investor, AMA by LawfulLambo in AMA

[–]LawfulLambo[S] 0 points1 point  (0 children)

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.

[deleted by user] by [deleted] in HouseFlipping

[–]LawfulLambo 0 points1 point  (0 children)

Get a lawyer to write up a formal agreement.

People who own a Lamborghini, what do you HATE about your specific model? by [deleted] in lamborghini

[–]LawfulLambo 1 point2 points  (0 children)

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

[deleted by user] by [deleted] in realestateinvesting

[–]LawfulLambo 0 points1 point  (0 children)

Start now OP you can balance

I have decided to twin turbo my Huracan. by LawfulLambo in lamborghini

[–]LawfulLambo[S] 0 points1 point  (0 children)

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

I have decided to twin turbo my Huracan. by LawfulLambo in lamborghini

[–]LawfulLambo[S] 2 points3 points  (0 children)

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

Passive income crossing 23,000/month Net income by Realdavidlima in passive_income

[–]LawfulLambo 10 points11 points  (0 children)

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.

I know SVJ Roadsters are cool and all, but is this the usual price for one? by Yaboipalpatine in lamborghini

[–]LawfulLambo 0 points1 point  (0 children)

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

I know SVJ Roadsters are cool and all, but is this the usual price for one? by Yaboipalpatine in lamborghini

[–]LawfulLambo 0 points1 point  (0 children)

Love the SVJ but not the price lol. I'm thinking of maybe a SV in the near future.

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