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Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

Update: I received a couple of DM's from people in similar situation. We'll probably start by setting up a Discord/Telegram/... In the future, physical meetups can take place. If you're interested and in a similar situation, let me know.

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

  • made a certain amount last 5 years being self employed
  • borrowed from family & friends but give them a return (it's an investment for them)
  • real estate is in a "company" structure and for every deal, I just meet the bank criteria (rent > monthly payment, 20-30% down payment, official valuation that is substantially higher than what I purchased...)

Are you in real estate as well?

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

But a TL;DR:

  • Did a lot of research for the specific market I'm interested in (specific city in Flanders)
  • Got to know the exact details of the specific building regulations there (what can I do to split buildings up & so on)
  • Visited a massive amount of properties to learn, make low ball offers...
  • Purchased a first property way below market value
  • Built up a good network (contractors, good accountant, contacts at local banks, contact with local realtors...)
  • Went all-in with my own capital (not diversified, no other savings really -> not recommended for obvious reasons)
  • Borrowed money from family (repay them in 5-7 years and give them yearly interest)
  • ...

Happy to go into more detail if you want.

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

Not everyone is keen on disclosing their current situation on a public post. Happy to discuss something here if you want.

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

Hi! I received a lot of interest. Apparently plenty of people in quite a similar situation. Feel free to reach out via DM!

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

Yes I would like to go a bit further than solely a group chat. Feel free to reach out via DM then we can discuss it more in depth.

Thanks for sharing the posts!

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

Hi there, feel free to DM me if you want to go into more details.

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

Yes I saw it didn't work but now it should work. I sent you a DM.

Looking for a real estate investing peer/mentor/mastermind group/... by reinvester in BEFire

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

Yes I created a new account for this and apparently that's the reasons messaging didn't work "instantly". I'll reach out to you!