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    Apartment Investing

    REAL ESTATE 
    I don't own anything yet. I am currently a CRE broker in Chicago but used to work for a real estate PE company, also in Chicago. You can still find high CAP properties on the south and west sides of Chicago but many northside apartments are trading in the 6%-7% CAP range on the high side with...
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    Apartment Investing

    REAL ESTATE 
    Same here, city apartments in good neighborhoods are trading as low as the 4's-5's. It's pretty crazy.
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    What would you tell your 18 or 25 year old self?

    GOLD! MINDSET 
    1. Stop being afraid. Every time you find yourself scared you need to reflect on the real reason, whether or not it is actually warranted, and figure out how to conqueror it. In fact you should write down right now what your biggest fear is and get started changing that. Mine was heights, which...
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    Wholesaling Commercial Real Estate

    REAL ESTATE 
    These small warehouse properties are often owner user deals unless it's fully leased or the tenants currently leasing it are strong. You also need to find out the NOI, & CAP etc, if he doesn't know or it's really low then you are most likely dealing with an owner user. My recommendation, if this...
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    How to Find a Real Estate Investor for a $250Million Condo Project

    PEOPLE 
    Not sure never used buildertrend. If he is a farmer that's even better because he hopefully has quite a bit of equity in the property= he is in the position to do an owner financing deal. Land=capital: The way the deal would work is you would post the land as collateral to secure the...
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    How to Find a Real Estate Investor for a $250Million Condo Project

    PEOPLE 
    Its is a real estate financial modeling software. It is pretty much the industry standard, besides excel of course. If you learn how to use it you can crank out complicated models that factor in multiple traunchs of debt and equity, model construction loan draws, mez financing, IRR, ROE, and...
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    How to Find a Real Estate Investor for a $250Million Condo Project

    PEOPLE 
    The first place I would start is with the owner of the land. Depending on his position, how long he has been holding it, and how much cash he has tied up, he might want to make a deal. Here is the play: Get the owner to take a second position in lue of a construction loan. Then complete the...
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    401K! Yay!!!

    I remember a job where they had one of these talks. It was hilarious because alot of people didnt get how it worked at all so the one that did thought they were so smart and successful. Funny part is the 401k was not self directed, nothing like not beating the market and paying management...
  9. P

    Commercial Property Management Software suggestions

    REAL ESTATE 
    I've used a few so far, Yardi and propertyware on the largest scale. Yardi is probably too much and too expensive unless you are doing tax credit or other subsidies. Propertyware does the job, is less complex, and cheaper then Yardi. Plenty of others out there to take a look at but this is my...
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    Making at Least 1000 Dollars Per Month

    HOT! 
    This is what I did and I personally think it was the worst decision of my life, I got a dime a dozen degree that holds no real value because I didnt know what else to do, I remember telling my family what a waste it was going to be because I didnt even want the job that this degree was allegedly...
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    Is a real estate license worth getting?

    REAL ESTATE 
    Congrats on your success so far but these blanket real estate statements are not really accurate. I personally like to look at financial metrics like return on equity, cash on cash, roi, irr, npv, etc. The reason being that number of units does not really dictate anything about scale, wealth...
  12. P

    Is a real estate license worth getting?

    REAL ESTATE 
    Congrats on your success so far but these blanket real estate statements are not really accurate. I personally like to look at financial metrics like return on equity, cash on cash, roi, irr, npv, etc. The reason being that number of units does not really dictate anything about scale, wealth...
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    I bought a van with all my money. I've started a small moving business...

    One thing that I would do with your add is change your discount from $'s to percent. If you say something like use this coupon to get 20%off your ENTIRE move or move, something like that, it will sound like a larger savings then $10/hr and you will be able to increase your rate by 2% ish. Not a...
  14. P

    The Profit, entrepreneur business turnaround show on CNBC

    HOT! 
    I think this is part of the reason why shows like this have trouble getting traction, the people who really like them never know about them because they dont spend a lot of time watching tv.
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    Craigslist ad tracker?

    MARKETING 
    Never really been over there but I will check it out. I know there are quite a few Craigslist hustlers around here, I even dabbled a few years ago. Anyways I am moving= selling all my shit and since my market is huge there is a ton of ads all the time.
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    Craigslist ad tracker?

    MARKETING 
    Does anybody have some recommendations for a Craigslist ad tracker, especially one that wont get you ghosted? As always thank you.
  17. P

    I've got a real headache...

    MINDSET 
    For me the logical first step is to get a Property manager asap. I am a property manager, among other things, and even I wouldn't hesitate to hire a manager. In the line of duty I have come across some truly gifted managers who I would not hesitate to entrust my portfolio with. You might be...
  18. P

    How to Make Money on Your Blog

    MARKETING 
    Love the ATM card idea. I have definitely been robbed a few times in my neighborhoods and I try to never take any cash pmts for a few main reasons. 1- I dont want any cash on me, 2- I love a paper trail, and 3- It makes it much harder for your employees to steal from you, assuming you have...
  19. P

    Sad Day Motivation

    MINDSET 
    I know the feeling. I was living in a place I loved, doing something I loved; generally speaking it was a life I loved. I used to fly fish almost everyday, mountain bike 15-20mi a few times a week and always managed to get in at least a few epic powder days. I was about to launch another...
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    selling counterfeit goods fast lane?

    EXECUTION 
    Can you make a lot of money. The answer is probably yes. Can you lose everything, the answer is yes. But the real reason that this is not fastlane, other then it being illegal, is you are not building a business that you can sell. Since your business is illegal you will find that there are a...

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