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  1. Connor

    The Ultimate Guide On What Books To Read

    NOTABLE! 
    The Subtle Art of Not Giving a F*ck The Slight Edge- basic concept, but a good reminder High Performance Habits The Millionaire Real Estate Investor Second to Awaken the Giant Within and Never Split the Difference.
  2. Connor

    WeWork: Sounds/looks great, but does anyone actually work?

    HOT! 
    While I don't have firsthand experience, I do like the idea of making office space more accessible for smaller companies. I could see the benefit of having access to conference space, especially in higher end areas that might be closer to potential clients than some of the older, shared offices...
  3. Connor

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    They have nap rooms in many airports- Minute Suites is one of the brands. But I like the idea of gyms! That would be pretty sweet to get a workout in. Some of the lounges (i.e. AmEx Centurion) have a spa, but I haven't seen any with a workout facility.
  4. Connor

    Investing in Townhomes

    REAL ESTATE 
    Well, I guess I should have expected this, since I see these types of claims all the time in my insurance job. After having a water damage situation from a water heater in one of our units, we just had a backup in the sewer line in another. Shouldn't be too costly to fix, but, when you only...
  5. Connor

    Thoughts On The 10X Rule

    HOT! 
    Funny that I should encounter this thread literally as I read the 10X rule (about halfway done). I agree that you may not literally need to do ten times whatever activity you were doing, but I for one am certainly guilty in underestimating the amount of work it will take to achieve something. In...
  6. Connor

    Hurricane Michael

    PEOPLE 
    The poor people of Eastern NC are about to get more rain dumped on them. Good news for flooding is that it's a fast moving storm, but that increases wind speeds and tendency for tornadoes. Will be interesting to see how much damage there is here in the Carolinas. Stay safe everyone!
  7. Connor

    Investing in Townhomes

    REAL ESTATE 
    Yep we also segregate our funds for insurance and taxes from the rest of our operating expenses. And your comments about evictions is exactly why we don't PM them ourselves haha. I definitely don't want to get involved in eviction proceedings if I can help it! @Merging Left Sounds like you're...
  8. Connor

    Investing in Townhomes

    REAL ESTATE 
    Yikes! That is one of my biggest fears, especially if I ever get into sizable multifamily. Thanks for the cautionary tale- will use that as a good reminder to never shirk on my allotment for repairs/things happening.
  9. Connor

    Investing in Townhomes

    REAL ESTATE 
    Thanks @WJK! My background is in insurance, so I'm always thinking of the worst case scenario lol. Both my brother and I work full time jobs, so that helps us reduce the risk. Plus the refi will probably be on a 20 year am, so while that will reduce cash flow, it will help expedite our paying...
  10. Connor

    Investing in Townhomes

    REAL ESTATE 
    Just closed on #4 today. We were able to get an off-market deal through a wholesaler we have connected with, and we paid a little more than I would have liked, given the condition. However, the tenant has been there for a while and plans to stay, which should help us on turn costs. This is...
  11. Connor

    2019 Fastlane Summit - Announcement

    MEETUPS 
    While I had not planned on attending in 2019 due to some prior commitments, I am saddened to hear that this event won't be happening. Definitely understand the reasoning though- hope this thread helps kick enough people in the pants to increase engagement and make a 2020 Fastlane Summit a must...
  12. Connor

    Investing in Townhomes

    REAL ESTATE 
    Well, first fun issue for us, naturally while I was on vacation. Pipe burst in our newest rental and caused part of the ceiling to fall in. Fortunately, the damage is probably less than $2k worth, but that will take care of most of our profit on this unit for the first lease term. Trying to...
  13. Connor

    Let's Build a Spec House!

    EXECUTION 
    Already did! Waiting for a few more things to happen before posting an update to make it more interesting. You can find it here: Investing in Townhomes.
  14. Connor

    Investing in Townhomes

    REAL ESTATE 
    Happy 4th of July everyone! Thought I would give you guys a quick update- 3rd townhome is about to be listed for rent, after taking too long to fix it. While it's easy to make excuses, weeks matter especially when you start to scale. Fortunately, it looks like we should be able to rent it for...
  15. Connor

    Investing in Townhomes

    REAL ESTATE 
    Thanks @Dunkafelics - hopefully people will find this to be of value, whether investing in RE or not. I'll answer your question with a question- what are you looking to accomplish with the property? And what is your risk tolerance? If you're investing for pure cash on cash return, it may make...
  16. Connor

    Investing in Townhomes

    REAL ESTATE 
    Alright, Fastlane Forum. Quick introduction here, and then we'll get to the fun part. First read TMF back in 2012, and I realized that I wouldn't achieve my goals by slowly climbing up the corporate ladder. Action faked for a while, and then I fell into the corporate trap for a few years, as...
  17. Connor

    Let's Build a Spec House!

    EXECUTION 
    Just finished reading this progress thread- awesome stuff @Get Right! Might have inspired me to start my own progress thread on real estate...
  18. Connor

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    This one was definitely funnier- laughed on the airplane while reading a few times! Loved the part about shifting your identity from what you want to be to what you are, and then your actions will align. I've started working on that, and it's definitely helped with some of my decisions...
  19. Connor

    Gamblers - what's your game?

    OFF-TOPIC 
    Just got back from Vegas, and I would definitely agree that the motivation to beat the system inherent in entrepreneurs makes a lot of them gamblers. I met so many small business owners at the tables, and all of my friends who are owners as well gamble. I love playing craps for fun, but I...
  20. Connor

    What do you do for E-commerce Business Insurance?

    You might want to check out Hiscox too. Good luck man!

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