Networking with a simple “Hello”

Networking with a simple “Hello”

Uncategorized
[caption id="attachment_3389" align="aligncenter" width="296"] Networking begins with a simple Hello[/caption] Recently I met up with an investor I met a few months prior at a conference.  He was visiting his family and decided to call me.    We met for brunch and for the next 90 minutes I learned about his family history, how & why he immigrated to the US, the various careers and jobs he's held in life, his future plans, and his business ventures.  In his career path and despite our age difference I was surprised we shared some common business experiences outside of real estate. This came out of a simple "Hello" in the lobby of the hotel where the conference was held. A couple years earlier, I met a person at a multifamily meetup and…
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Is there such thing as inadvertent mentor?

Is there such thing as inadvertent mentor?

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About nine months ago I decided to have an informal real estate knowledge sharing presentation with a bunch of my immediate and extended family.  It was an informal potluck dinner at my sisters house and the family that came were mostly the young professional members of the family with a few older members as well.  All I wanted to do was share some multifamily real estate knowledge so they can be aware and maybe look into it further.  It was a pretty good night with a lot of questions and the usual family joking around. As a result, these family members now view me as a thought leader on real estate.  Now, I am far from a guru and am still trying to become successful in real estate.  And from…
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Consider Self Storage as an Investment

Consider Self Storage as an Investment

Self-Storage
Consider Self Storage as an Investment When I was growing up there was a small single story self-storage facility which was there for decades.  Within the last two years and with no room to expand, it decided to go the only way it can.  UP! It's now a brand new three story facility with all the bells and whistles.   American consumerism fuels the need for self-storage and it's evident by all the new and expansion of self-storage facilities in my home town of Houston.  As of this posting the self-storage space is hot and there isn't signs of softening yet.  Additionally, even television shows have been born  like "Storage Wars" from the space.   Here are my top reasons why to consider self storage as an investment in your…
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Cost Segregation Good or Bad?

Cost Segregation Good or Bad?

Tax
Cost Segregation Good or Bad? It Depends. If the subject property value is less than $500,000 then it may not be worth it.  This is just a rule of thumb. It benefits full time real estate professionals who can use the depreciation to offset gains.  So sorry to all the Self-Directed IRA investors you get almost no benefit. Depends on the type of real estate asset and profitability to see the benefits of cost segregation. Syndicators usually do a cost segregation study as one additional way to provide a higher level of service to investors.  It's another tool in a syndicators tool bag to give the syndicator an advantage and add value. I am by all means no cost segregation expert but this short video helps explain what a Cost…
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