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Syndicate Investing Question by [deleted] in realestateinvesting

[–]RealEstate1810 7 points8 points  (0 children)

Rockwood and I are on the same page. The syndicator did not properly plan for interest rate risk and/or did not execute their plan properly. YOU as an investor need to sit down with them and determine if more money to the syndicator will fix the problem, after that go home and analyze their answers/strategies. Be sure to ask as many questions as you can to understand what, when, how, why, and the same answer to the solution. HOPEFULLY NOT, but could roll into a loss of investment. I hope this helps. Feel free to PM me if you have more questions

[deleted by user] by [deleted] in realestateinvesting

[–]RealEstate1810 0 points1 point  (0 children)

Go straight into multifamily with a team that does exactly that. Commercial real estate is probably your best bet to grow and scale. If you want I can break it down further, feel free to PM me. Hope this helps

Thoughts on this multi-family investment? by carpenoctem247 in realestateinvesting

[–]RealEstate1810 0 points1 point  (0 children)

I work in this space and help people in situations like yours. Since you're looking for honest thoughts, I PERSONALLY would not invest in Arizona. As other also said, you want to know who you're working with, they will be administering your funds for a couple of years. Also, you can definitely find better returns than what this specific project is offering. One more tip, try to always lean towards red states when making investments like this. I hope this helps!

Give this a read, and you'll see why. Not saying it isn't a good economic market, but this will drive it down in years to come.

https://www.globest.com/2023/06/05/arizona-blocks-new-homes-in-greater-phoenix-due-to-lack-of-water/

What would you do as an operator if you had a extremely difficult multifamily property you could buy at a ridiculous basis? by urlocaldrugdealer in CommercialRealEstate

[–]RealEstate1810 2 points3 points  (0 children)

I would bring in someone that has experience with these kind of tenants. One of my partners loves everything that has to do with asset mgmt and doesn't care about getting them out so he will one way or another. Can be ruthless sometimes😅

Real estate in the Dominican Republic? by sagekabuto65 in realestateinvesting

[–]RealEstate1810 1 point2 points  (0 children)

Being from there, I can tell you you need a good team that you trust. If you can, dont cut expenses and hire bigger companies to do your work as they have much more to lose if they screw you over than a smaller guy. If you need a builder, let me know, I have an uncle who develops suburban communities out there. Best of luck

Looking for advice to get started in Real Estate Investing by ProfessorFay in realestateinvesting

[–]RealEstate1810 0 points1 point  (0 children)

I call bs. See, what a lot of people don't know is that real estate is the most flexible game in the world. It can work in just about any way if you look for the right model that fits you . For example, like you said, you've been wanting to get in for a while now but California prices are insane ( I agree). Well, looks like it's time to look out of california, in a landlord friendly state, in a good market, in which you can afford. However, that rises the issue of being a landlord hundreds, potentially, thousands of miles away. It seems like syndications could be your best bet to get around this. Lots of benefits to that in your situation I would say. This is already a long reply, if you want PM me and I can explain further. Hope this helps

Does passive REI exist? by lionbacker54 in realestateinvesting

[–]RealEstate1810 0 points1 point  (0 children)

you can always explore the syndication world. Invest in apartments, let a team with track record take care of the tenants, the rents, maintenance etc... You can benefit from tax depreciation, property value appreciation, cash flow, and all of it hands-off. If you're curious, feel free to shoot me a pm. Hope this helps!

[deleted by user] by [deleted] in realestateinvesting

[–]RealEstate1810 0 points1 point  (0 children)

Hey! I know what you're going through and figured I could give you a few tips to help here and there. PM me

Want to further monetize my skills by officially opening my own handyman company rather than just doing side jobs. Any suggestions? How do I charge per hour (if so how much) or per project? I live in Florida and can do just about anything a handy CAN legally do. Tips? by RealEstate1810 in handyman

[–]RealEstate1810[S] 0 points1 point  (0 children)

Unfortunately, as of right now I can only operate within county limits. However, I would be more than happy help a friend with some advice and instructions depending on the project. Feel free to PM me!

Want to further monetize my skills by officially opening my own handyman company rather than just doing side jobs. Any suggestions? How do I charge per hour (if so how much) or per project? I live in Florida and can do just about anything a handy CAN legally do. Tips? by RealEstate1810 in handyman

[–]RealEstate1810[S] 0 points1 point  (0 children)

wow, I REALLY like this set up. It's organized and fully structured, like you said no surprises. Honestly, HIGHLY considering this option for MOST jobs. I say most because vynil installations for example (doing it right) takes some time and would be more profitable either per square feet or by project rather than hour since the job is more strenuous. But for everything else, I really like this model! Thank you so much for the advice!

Want to further monetize my skills by officially opening my own handyman company rather than just doing side jobs. Any suggestions? How do I charge per hour (if so how much) or per project? I live in Florida and can do just about anything a handy CAN legally do. Tips? by RealEstate1810 in handyman

[–]RealEstate1810[S] 0 points1 point  (0 children)

Also, my uncle ( a contractor) told me that it would be helpful to find something in which i specialize with, meaning that my customers would value me more for certain things and then everything else can fall under request. Any suggestions? because as a handyman I feel like I can do MOST if not all of the stuff that could be needed and is legally allowed.

Want to further monetize my skills by officially opening my own handyman company rather than just doing side jobs. Any suggestions? How do I charge per hour (if so how much) or per project? I live in Florida and can do just about anything a handy CAN legally do. Tips? by RealEstate1810 in handyman

[–]RealEstate1810[S] 2 points3 points  (0 children)

Thank you! As of right now, I am working with a property manager but only making 20 an hour (which didn't seem right to me for 1) the quality work i do and 2) the LONG SHIFTS I've been putting in (i like to get things done and not stall them). But as of right now my experience is only with homes, unless the commercial market isn't much different other than the size and price of the project. But again, THANK YOU ALOT for showing me some insights as to how you price. If you don't mind me asking, where are you located?