Re: Possible RE investment
You might like this one.
The same investor I bought the 13 units from is selling out. Everything must go. Him and his dad are selling 101 apartment units in town that gross about 40k per month. He wants 2.9 million for everything and is unwilling to split it up. I think they expanded way too fast as they just bought 50 of those units a few months ago on a 1031. That is WAY too much work for me. I only want 17 of them so we'll see if they'll change their minds (they do every other month it seems) about splitting them up.
Just goes to show there is a such thing as growing too fast especially without the infrastructure (i.e. personnel) in place. I'm going through that now. We bought 29 of our units in the last 2.5 years although we've been doing RE for 7 years. The larger you get the more exposed your weaknesses become. For me I need to farm out more of the day to day stuff and focusing on the big picture investing where the real money is at. Education never stops.
You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.