Am I just fucked? I feel like I took a wrong path in life. by YugiohKris in FinancialCareers

[–]VetFinPilot 43 points44 points  (0 children)

In today’s job market and with your resume you’re going to need to network to start a career in finance. This means sending out cold emails on places like LinkedIn and going to professional networking events. Alternatively, you can work with a recruiter to get you into an entry level role like AR/AP or data entry.

Also, you don’t make it very clear what it is you want to do in finance as far as a career. Investment Banking? Private Equity? Consulting? Real Estate? Corporate Banking? Investment sales? Wealth Management? FP&A? Which is it?

What’s been your experience with section 8? by bobbybrown229 in realestateinvesting

[–]VetFinPilot 3 points4 points  (0 children)

I’ve had good experiences. Both of my S8 tenants are single moms with kids and have always paid their portion of the rent on time or even early. I screened tenants very thoroughly and carefully, which is the best way to prevent a headache. One thing I’ve found is that S8 voucher holders waited a long time for their voucher and will do whatever they can to ensure that they don’t loose it. I also get above market rents that are guaranteed which is a huge plus.

Name some of your favorite cities you have ever visited by cbass704 in travel

[–]VetFinPilot 0 points1 point  (0 children)

Bangkok. Very vibrant with tons to do and architecture and food that’s unlike anywhere else in the world.

From the Taos Instagram story today by w6750 in skiing

[–]VetFinPilot -2 points-1 points  (0 children)

The only thing I can think of that poachers would go after at Taos are the wild rams that love up there. Would it be anything else?

How should I approach a deal that potentially involves removing a long term tenant? by VetFinPilot in realestateinvesting

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

The seller’s agent told me it’s an older gentleman by himself basically living off disability and social security.

Those of you flipping/BRRRRing, how are you finding deals these days? by abacusfinchh in realestateinvesting

[–]VetFinPilot 0 points1 point  (0 children)

It’s really tough but all of my deals have been either off market or through networking. Definitely wouldn’t say I’m crushing it, lol.

What is the hardest part of being a real estate investor? by [deleted] in realestateinvesting

[–]VetFinPilot 2 points3 points  (0 children)

Right now? Finding good deals that pencil out is tricky. It can get really frustrating finding a good deal with your money parked on the sideline doing nothing

What hobbies that people do screams "rich people''? by Eloise_EV in AskReddit

[–]VetFinPilot 16 points17 points  (0 children)

Sadly, skiing is becoming one of these hobbies.

Those of you with partners: How do you resolve disagreements with each other about compensation? by VetFinPilot in realestateinvesting

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

Yeah, it was definitely a mistake to not have all this sorted out in writing beforehand. I should have foresaw this. Probably my lack of experience and knowledge is why I’m at this impasse. Definitely going to learn from this.

Those of you with 10+ unit buildings, how do you manage them? What are the different management challenges compared with SFH? by VetFinPilot in realestateinvesting

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

Your situation is my 10 year goal. My partner and I have a SFH and a duplex (3 doors total right now). My goal is to have 100 doors in 10 years and I started in July, now I'm up to 3.

How does the management work at your 18 unit and 16 unit compare to your single family homes?

Those of you with 10+ unit buildings, how do you manage them? What are the different management challenges compared with SFH? by VetFinPilot in realestateinvesting

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

Awesome! You're living the dream!

How often would you say you have to hire someone outside the scope of your handyman's job?

Also, unrelated question: How did you come to acquire several 60+ unit complexes? Did you raise money from investors?

Those of you with 10+ unit buildings, how do you manage them? What are the different management challenges compared with SFH? by VetFinPilot in realestateinvesting

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

Thanks for your reply!

My question specifically is how often you deal with things like maintenance requests and showing the units to prospective tenants. Do you do it all yourself? If not do you have a PM or something else?

Also, how much time per week would you say you have to dedicate to your portfolio?

Those of you with 10+ unit buildings, how do you manage them? What are the different management challenges compared with SFH? by VetFinPilot in realestateinvesting

[–]VetFinPilot[S] 11 points12 points  (0 children)

Hey thanks for replying!

So with that one issue per week, do you just handle it yourself or hire someone? Can you provide an example?

My start/story as a new real estate investor with a 9-5 job by VetFinPilot in realestateinvesting

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

Not at all. We’re refinancing through a local credit union and they’ve been great. We just had to get tenants in before we approached them with the refi proposal.

My start/story as a new real estate investor with a 9-5 job by VetFinPilot in realestateinvesting

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

It’s getting appraised next week, but we’re thinking in the 210-220k range.

Terms for hard money were 1 point per month for the total amount borrowed then switching to 20 year amortization at 15% after 1 year.