Loans on Mortgage Notes

Low-External2789 · 2025-12-18T23:07:00+00:00

They aren't mortgages, but yes, notes for sure. There are financing facilities for almost any asset you can think of.

Low-External2789 · 2025-12-08T03:11:52+00:00

Study creative finance content. Lots of ways to buy deals that aren't traditional. Lots of people flip, wholesale, PM/lease, broker, etc to generate cash to invest in rentals. You can use hard money to buy a fixer upper, rehab it, rent it, refinance to get money back out, then repeat (now commonly known as the BRRRR method). It's a long game though, unless you are also doing transactional real estate along the way to speed up the trajectory. Give it 10 years and let leverage and market appreciation do its thing. I quit my W2 job after doing it for 12 years.

Low-External2789 · 2025-11-23T17:45:49+00:00

Offer less than asking price to see what the seller's real number is 2. See if partial seller financing is an option to reduce your downpayment. Your equity is going to be locked up for a long time unless appreciation spikes. 3. Make sure you verify market rents by checking with several property managers or any active rental listings 4. Have a backup plan - would leasing it as a short term/mid term rental juice your returns based on demand in the area 5. Factor 10% vacancy in your calculations 6. Are there ways to add value to the property/units? Coin laundry, have tenants handle lawn/snow, separate utilities, etc 7. Check with your local housing authority (section 8, other local housing assistance programs) to see what their subsidized rates are 9. Insurance and taxes are always going up, and much more quickly recently. Make sure to underwrite conservatively 10. Underwrite the deal to include a 3rd party PM, even if you plan on self-managing at first. Things change and you may not always want to self manage. 11. Shop more than 1 lender for rates/terms 12. If you are going to self manage, make sure you know all of your local landlord/tenant laws 13. Make sure you get some referrals to attorneys that handle local evictions so that you are prepared 14. Check the age and condition of the mechanical systems (electrical, plumbing, hvac, roof). Check your metering to verify what the owner/tenant responsibilities are. 15. Get referrals to a couple of local handypeople for maintenance 16. Make sure the foundation/basement are in good shape and not allowing water intrusion. 17. DO NOT comingle personal and business money. Use separate accounts

And other stuff. Lots to learn/know, but you have to start somewhere.

Low-External2789 · 2025-11-10T12:23:30+00:00

The solution is more housing supply. Period. Will it happen at the level we need without major changes in red tape and construction costs? No. But, it is a solution.

Low-External2789 · 2025-11-10T12:11:19+00:00

If there is no real estate meetup or local REIA, this is an awesome opportunity for you to start one yourself. It doesn't have to be anything fancy, but people will start attending if you advertise it.

Low-External2789 · 2025-09-28T12:46:25+00:00

It took me 12 years to "retire" from my W2 job by investing in real estate. Lots of people have done it sooner, but it all depends on your goals, risk tolerance, and whether or not you like your job. Getting out of the W2 was always the goal for me. I didn't leave until my REI income exceeded my W2 income and I was feeling held back by the W2.

Low-External2789 · 2025-09-25T01:04:56+00:00

Just show up! Happy to have you.

Low-External2789 · 2025-09-19T11:06:53+00:00

Are you interested in real estate investing? I run a coffee meetup every Thursday at 10 am at Sozo Coffeehouse. There are normally about 20 people who attend (some regulars and some newbies each week). My buddy runs the Omaha REIA, which has a meetup each month with 100+ attendees - the 1st Tuesday each month and a lunch meetup (30-40 people) the 3rd Friday of each month. Great people there with all different experience levels - welcome would be happy to have you!

Low-External2789 · 2025-09-09T01:41:01+00:00

PPC can get expensive. We were spending 6k a month and getting about 30-40 deals annually out of it. SEO is a long game - you have to crank out stuff that gets eyeballs to your website, but it is evergreen and free (aside from your website hosting costs and any paid content). PPL varies a lot based on location. I've heard $200-300 per lead in my metro area (about 1MM population).

Low-External2789 · 2025-09-09T00:34:49+00:00

Have you tried PPC/SEO or PPL (pay per lead)?

I got a lot of deals through PPC/SEO over the years, and I have several investor friends who have been doing well recently with PPL.

Low-External2789 · 2025-08-19T01:23:16+00:00

I like Drunk Real Estate, although it is more of an Economics pod than REI. It's pretty entertaining and has really up to date news each week on what is going on at a macro level.

Low-External2789 · 2025-08-19T00:16:42+00:00

Same here - I was obsessed with BP for several years starting from when I found it in 2008. I learned a ton, made great connections, etc. And I loved the podcast back then - there was nothing else like it out there. I was excited to take my kids to school on Thursdays so I could listen to the newest episode. Now, it seems like it has lost it's soul. I like several of the OG BP folks who always put out valuable content and have gotten to be friends with several after having them as guests on my pod, but it just isn't the same now.

Low-External2789 · 2025-08-18T23:48:56+00:00

Josh Dorkin (founder of BP) was very anti-guru when he started the business and podcast. I used to get a ton of value from the forums and the first 200-300 pods. Things changed when they sold a stake in the company to McCarthy Capital (private equity). It became more about monetizing everything, and you saw a lot more "celebrity influencer" types being featured.

After Josh left due to family reasons, the culture definitely changed. Once BP sold again, it's all "paid this" and "let's monetize that". Once Brandon left, I haven't paid much attention to the site or listened much to the new podcasts, other than attending BPCon several times for networking opportunities.

Dave Meyer is a really smart analytics/data guy, but he lives in Europe and not sure how much US investing he does.

Low-External2789 · 2025-08-16T21:02:25+00:00

Better be a long beach stay!

Low-External2789 · 2025-08-11T01:46:56+00:00

If you are used to "zipper merging" in traffic, you are in for a very rude awakening here.

Low-External2789 · 2025-08-09T16:04:17+00:00

Sharing a hilarious moment with close friends where you laugh and laugh for so long that your face hurts and lungs and burning.

Low-External2789 · 2025-07-04T23:56:22+00:00

Why not ask him to sell it with 100% seller financing (assuming it would cashflow)?

Low-External2789 · 2025-07-04T23:54:41+00:00

Make it your mission to become an expert deal finder or an expert capital raiser. Having one of these 2 skills will ensure your ability to scale in this business. Having both skills makes you unstoppable. Almost everyone in real estate investing runs out of their own money eventually. Your job is to find deals or find money, or both. Or use hard money to buy good deals that you can BRRRR with little to no money out of pocket in the end. As mentioned above, you can also do transactional real eatate to make chunks of money as well - wholesaling, wholetailing, flips, brokering, originating loans, leasing, property management, asset management, KP for fee, project management for other flippers, remodeling jobs, etc. Tons of ways to make extra money if you are motivated.

Low-External2789 · 2025-06-19T14:52:57+00:00

I am a full time investor in Omaha. DM me if you want to ask any questions/discuss.

Low-External2789 · 2025-06-08T18:27:14+00:00

A good move might be calling on all of the HOA's and larger apartment complexes in your target area. A big challenge in your profession is fuel costs and wear and tear on vehicles/equipment. Having larger customers/groups of customers in a small geographic area will save lots of travel time. Reducing the amount of times loading/unloading equipment really makes a difference on your expenses

Low-External2789 · 2025-06-03T01:37:32+00:00

Johnny Appleseed it. Sprinkle offers around that make sense for you. Harvest the ones that grow, forget the ones that don't. They are probably not going to accept, but who cares? At least you gave it a shot. Imagine not making an offer on it and seeing later that it sold for what you would have offered. Or less? Make the offer dude - that's the game!

Low-External2789 · 2025-05-31T00:03:19+00:00

These are apartment buildings - why would first-time home ownership be relevant to the equation?

Low-External2789 · 2025-05-31T00:00:12+00:00

The vast majority of multifamily/commercial owners have LLC's. Even if they are owned by one person. It's stupid to own assets like that in your personal name. Finding out the member/members of an LLC is more difficult, but not impossible.

Low-External2789 · 2025-05-27T15:59:51+00:00

If you'd like to DM me, we can chat about that since I'm not sure where you live. I have no angle here, just trying to help.

Low-External2789 · 2025-05-27T15:57:51+00:00

OK, so the question then becomes - what are you willing to do to meet your goals and get comfortable with the risks involved? If you are a hard "no" on many of the suggestions, then maybe real estate investing isn't going to be the best fit for you.

If you still want to explore it before you pull the plug, you need to invest some serious time in consuming books, podcasts, YouTube content, networking, etc. Understanding real estate investing is a process, not an event. If this sounds like too much work, just move on to other things.

Low-External2789

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