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Do any of you ever think about real estate investing or totally offline business?

Discussion in 'BlackHat Lounge' started by 20years2, Feb 14, 2017.

  1. 20years2

    20years2 Newbie

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    Not trying to be too spammy, been a member here for quite some time, started in SEO/AM back in 2008 and did extraordinarily well in 2009 pre-penguin, built and lost several sizable fortunes online.

    Anyway, a few years ago, I finally built a grey-hat SEO company that did quite well (Mostly building blogs on old, established domains w/ link juice, then selling posts from them). While it was doing well, I packaged up the company and sold it for enough money to not need to do anything for a year or two. It wasn't that I hated SEO/AM and the whole online game, I had a great time spamming links and whatnot, but raising a family and such variance in income wasn't too helpful.

    So, instead of waiting on my rear end with the SEO money I got for selling the company, I took the money and started investing it into real estate, starting a almost exclusively offline business (I did apply some facebook type marketing, but it's very, very low-key and pretty dang basic).

    In a little over 30 years I've gone from 0 to 49 rentals, with 2 being in contract closing next month. This quarter I'll make as much as I did the best month of AM/SEO in 4+ years.

    So , having said all this, I've got an idea going, to put together a video series exclusively about how real estate investing works. Unlike AM/SEO content of which there's craptons online, actual "How tos" online are pretty few and far between for pretty much any offline business.

    So, what I'd like input-wise from BHW is if you've ever thought about RE investing, what would you like to learn about it?

    My goal is to shoot 20+ hours of high-quality content and provide it on youtube totally free of charge, so I'm going back to a few AM/IM/SEO sites I was a part of years ago and asking.
     
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  2. kingbrend

    kingbrend Regular Member Premium Member

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    Sure, I do some real estate investing and have learned quite a lot in the process but more information is always better especially from someone with so many rentals.

    My biggest issue is where to find the best deals on housing. It seems there is a secret society where those deals are hidden from the public.
     
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  3. 20years2

    20years2 Newbie

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    If you're in the US, what state are you in?
     
  4. Vapys

    Vapys Regular Member

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    I've been buying and selling properties for years and nothing beats the lists given by the county clerk office.
    Also it wouldn't hurt you to stop in your Local banks and make some friends in the home mortgage/loan department. Asking them who they list their REO's with.
    Hope that helps you all.
     
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  5. Sayray

    Sayray Newbie

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    Congratulations on your success in real estate! It's certainly a profitable and interesting niche. I've been involved with it for a little over a year now, starting out as a bird dog and now working on a new website to sell my leads to investors across the US.

    I would suggest glancing at biggerpockets.com. Could give you a few ideas on what kind of questions people have about getting started in RE investing, as well as what to avoid in your videos due to misinformation from "gurus." Good luck!
     
  6. SavyCon

    SavyCon Regular Member

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    Yup. IM = Cashflow. Real Estate = Wealth.
     
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  7. dolomite310

    dolomite310 Regular Member

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    Depending on where you're located you're right as people tend to keep the info for themselves. I know in St. Louis for example you can get property near downtown for pennies on the dollar from the city if you can prove you can get the funding to fix it up and they'll give you a deed. They don't advertise for it and I only know from working at city hall sometime ago.
     
  8. TheFreshPrince

    TheFreshPrince Jr. VIP Jr. VIP

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    As a real estate agent in the Greater Boston Area, I would love to share some inputs, etc.
     
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  9. Peter Ngo

    Peter Ngo Jr. VIP Jr. VIP

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    Please do share some tips in investing real estates, that would be the field that i wanna move on when i have earned enough with SEO :D.

    How do you manage to get to 49 rentals? Looks like you are from the US so the strategy might be a bit different from where i live.
     
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  10. 20years2

    20years2 Newbie

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    Pretty much all the stuff I use to manage my properties is off-the-shelf. We've looked a little bit about using some API manipulation to build a SMS repair service that lets tenants text in (Or access say a google forms) form to submit repair requests to our system. That's about as custom as we've looked, everything else is 100% off the shelf stuff that's been extremely cheap.

    (Once again, my reason for posting here was to source questions from people, then compile top questions into a spreadsheet, then take videos of how it works in the running of an actual business).

    IE : Alot of people ask about 'how to find properties', I'd like to record the entire process of me locating properties of various types and show what methods I use. Go to sheriff auctions, foreclosures, bidding on them ,etc.
     
  11. David Jones

    David Jones Regular Member

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    think some time to go and do offline business like real estate or start cafe.
     
  12. tymillz

    tymillz Super Moderator Staff Member Moderator Jr. VIP

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    Interested in this. Checking in for now. Will post some questions later.
     
  13. noblesilence

    noblesilence BANNED BANNED

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    Yes real estate is the most popular and high return generating business in my country Nepal. My small team of 3 frns recently started with small project. We invest $3000k each and booked loan of $6000k. We are expecting to gain return of $25000-30000k in six months.
     
  14. TheFreshPrince

    TheFreshPrince Jr. VIP Jr. VIP

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    Question #1:

    Why haven't you taken the next step and invested into a 9+ unit building? You've got so many properties, don't you think it's time to leverage and 10X?

    Question #2:

    Do you have a minimum cap rate you look for when you invest?

    Question #3:

    You talk about how you make more with RE than in your best month of IM. Seeing as how you're brand new AND no one knows you, how much are you talking?

    Question #4:

    Do you only work in-state OR do you hunt the best deals no matter where?

    Question #5: (last question)

    Is it all your money that you invest or have you approached investors to help you get into bigger deals?
     
  15. MorningW0

    MorningW0 Newbie

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    I'm the online guy, my brother is the offline guy. He's more street-smarts, i'm booksmarts. He's got about 9 properties in the last 14 months and he's only 24. Honestly, my online endeavors are to take it to offline avenues as that is where some good, recurring money comes from. He's also a realtor so he has access to the MLS (A HUGE plus). I myself would be interested in the videos and I know a lot of people would benefit from it.
     
  16. 20years2

    20years2 Newbie

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    I guess I Should have been a little clearer , for the past 40 days (This year pretty much ) I've made *about* as much as I did the best month ever for AM. My big AM deal was SEO + Adwords for back when "Get paid to post links on google" was the big deal. My best month I cleared something like 1000-1500 leads to one of the big 'google links' rebills on C2M/A4D, to give you some ideas.
     
  17. BharaTV

    BharaTV BANNED BANNED

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    You can loose so quickly all your real estates if its based on loans.The value of property just needs to go down and most people are finished as they will need to pay the diffrence between security and loan.For most people impossible.
    In western countries the prices are just insane thanks to low interrest rates and prices overheated a lot.
    You can expect that most people wont be able to hold their property in the next 1-4 years
    You guys need to look for trends.There are people out there who are advising big companies how the next years will look like and in which direction we are going.Start listening to them and you will know where the big ones are moving
     
  18. 20years2

    20years2 Newbie

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    In my case I hold 3 bank loans on 4 properties, the rest of it is private loans that can't be foreclosed on at will and even have clauses that protect me on payback.

    If the property value goes down, it doesn't matter, people still need a place to live. I can slash my rent rates by 50% and still make money.

    I expect 95%+ of people to hold property for the next 1-4 years. The wost meltdown in real estate over the past 50+ years only saw about 6% of people lose their home, "Most people" has never happened in the history of the country. Even the depression only saw about 15%-20% vacancy rates on gross levels.
     
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  19. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Value going down doesn't make you lose your property you lose it by not being able to afford the monthly rate.
     
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  20. Blakereed

    Blakereed Regular Member

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    I'm in California - property is very expensive! I want to get my foot in the door with a rental property, would you suggest me making my way to Arizona to find a more affordable property in a large college town that I can afford to get my feet wet?