A real estate investment came across my desk and we’re highly considering purchasing it for personal use. It also happens to make for a great long term investment. In this post, I’ll take you through my thought process in evaluating the opportunity. Opportunity Detail:First, let’s start with what we know about the property now. Deal Type: Off-market (not listed […]
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My parents own a small roadside motel in Montville, NJ. They’ve owned and operated this business full-time since the mid 80’s. But if you ask my dad today what he does for a living, he would say, “I’m retired, my son handles the family business.” My dad is currently 65 years young, and this past month proved […]
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When people who are parents find out Dia and I are pregnant with our first child, the response is always the same. “You’re going to struggle with X, but it’s all worth it.”You’re going to lose a lot of sleep, but it’s all worth it.You’re going to completely lose your routine, but it’s all worth […]
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When we finally made the decision to close our franchise restaurant in October 2017, we started to assess potential damages. I knew we weren’t going to be able to just lock the doors and walk away unscathed. We had to perform damage control. I had to negotiate my way out of a lot of service contracts […]
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My friends Francis & Lawrence reached out to me in the middle of January 2019 to ask if I was interested in partnering with them on a fix and flip project in the Brewerytown submarket of Philadelphia, PA. After hearing the numbers, I couldn’t wait to sink my teeth in. There was only one problem. […]
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My parents came to the US in the early 80s, a couple years before I was born. If you’re a first generation American in an Asian family, we’re practically siblings. We grew up with a basic understanding of a few things. 1) Always finish the food on your plate. 2) Don’t wear shoes in the […]
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Often times a fix and flip takes longer to complete than originally projected. How you structure a deal and who you’re doing business with can make or break you. Fortunately for me, I partnered with Matt Faircloth (again) for my third Private Lending Deal. We had some struggles along the way, but we both walked […]
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There’s an old adage, “If something sounds too good to be true, it probably is”. The real estate deal you’re about to read about happens to fit that saying perfectly. Everything seemed great going in, but not everyone made it out alive. Read on to find out who bit the bullet, and who walked away […]
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I first learned about Private Lending through the Bigger Pockets Podcast, an excellent resource for all things Real Estate related. By the time I caught on to the podcast, one particular investor couple, Matt & Liz Faircloth, had already been guests on the show twice. I noticed they did business in my home state of New […]
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I’m finally getting around to writing the summary of my first Private Lending Deal. In a perfect world, I would have started this post around the time the deal hit my desk, and updated it along the way. That obviously didn’t happen. Let’s see how well my memory serves me.Starting at the Beginning:This deal started […]
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