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Recent content by djs13

  1. djs13

    New Apartments Investor

    REAL ESTATE 
    I am a little less than two hours north of NYC. The Hudson Valley region of New York used to be a booming place, so it's in this awkward stage of declining population/employment, yet property prices are still much higher than other areas that are booming. I want to secure a 10-12 unit as my...
  2. djs13

    New Apartments Investor

    REAL ESTATE 
    I work as a commercial agent for a well known brokerage and we've definitely had some difficulty moving multi-family properties. I'm not trying to discourage you, in fact depending on where you are from (I'm in the Northeast) it may be a completely different picture. I'm just saying if you...
  3. djs13

    Creating a Real Estate Syndicate with Little to No Experience

    REAL ESTATE 
    I wanted to create a thread where Fastlaners could share their experiences (successes/failures) with creating a real estate syndicate. Since this topic is not written about extensively, I also think it would be wise if we could share the different sources of information we collect regarding...
  4. djs13

    New Apartments Investor

    REAL ESTATE 
    Z, Thank you for the input. But as a non-insider, I'm sure there are other non insiders who would love to learn about how syndicates are created. And since this is the REI forum I will create a thread were we can discuss this.
  5. djs13

    New Apartments Investor

    REAL ESTATE 
    Z, Awesome post. Thank you for that. I've just begun as a commercial real estate agent but I am literally starting with >$3k in the bank. My expenses are low and since I work for a well known firm I think I will do well here. My goal is to be investing in a 50+ unit by the time I am 26/27...
  6. djs13

    New Apartments Investor

    REAL ESTATE 
    That deal sounds very interesting. Do keep us updated! I recommend reading Steve Berge's book "The Complete Guide to Buying and Selling Apartment Buildings." I am not a successful investor by far, but guys on the forum who've done very well live by it. I think you may find that you can flip a...
  7. djs13

    New Apartments Investor

    REAL ESTATE 
    I am thinking about going this route as well. I am a big fan of Steve Berges' theory on "value-play." Instead of buy and hold, investing/improving the property and then flipping for a larger one after 12-months. I think SteveO began using a syndicate, but because I am young I'm afraid I won't...
  8. djs13

    Hard Money Lenders?

    HOT! 
    I will absolutely reach out if I run into trouble, but your writing style is extremely clear and concise. I haven't been confused yet. It sounds like your plans are on a larger scale and more passive and that is very interesting. Since I'm in my early 20's I've got a long way to go. However, I...
  9. djs13

    Hard Money Lenders?

    HOT! 
    JScott, I'm reading your book and I absolutely love it. I'm going to be doing my first flip this winter. I don't want to be overly nosy, but I'd love to know how you plan on expanding in addition to your flipping business? My ultimate goal is to purchase medium-large apartment complexes...
  10. djs13

    E-Myth

    I wanted to bring this thread up for additional discussion. I read the E-Myth a few years ago but I've thought about it again recently. I met an entrepreneur who brought three Moe's (a fast-growing Mexican-Food chain) to upstate New York. He is absolutely killing it, every time I am at his...
  11. djs13

    What jobs can I leverage for my future business in real estate?

    REAL ESTATE 
    I'm looking to get a job in real estate in order to springboard myself to becoming a full-time investor within the next 2-3 years. I have a college degree and a small amount of savings. My plan is to begin building capital by working a 9-5 plus flipping single family homes in my spare time. I...
  12. djs13

    I am completely lost

    You're right. I messed up big time but I'm trying to make up for it. I talked to my landlord and he was pretty cool about things. He said I need to pay October (which I expected) but that he's keeping my $2k security deposit as well. I understand that this is still a pretty good deal, but my...
  13. djs13

    I am completely lost

    I think I have been under this false pretense that I need to work in a tech startup in a big city and make alot of money in order to learn how to become an entrepreneur. In college I interned for an entrepreneur who owned a manufacturing company that did about $2m a year in profit. I learned so...
  14. djs13

    I am completely lost

    Thank you everyone. Everyone is really insightful. I'm talking to my landlord in a few minutes and I'm hoping I can move home. Even if I am making $10 an hour at home, my mind will be alot more clear with alot less stress. Thank you all.
  15. djs13

    I am completely lost

    I realize the cost of living is high, but if you were familiar with Boston you would realize that's actually about as low as it gets when analyzing apartments that are within two miles of a subway. I live with my girlfriend so the numbers did make sense when I was bringing in income. She...
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