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Would anyone working at ZS Associates be willing to discuss day-to-day work and type of projects, preferably at the consultant level? Trying to make the switch to strategy consulting and want to see if my background would fit what they are looking for. I would really appreciate any time anyone has, even if it’s just for an email or two.
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I’m in the process of closing on my first Airbnb property in Florida. Happy to share my perspective but also curious what other investors are experiencing:
1. Nope
2. N/a - but this is my 4th property; 2 full time rental condos, 1 primary residence
3. Savings for down payment and credit for mortgages
4. Bank executive
5. Research. Accountant, lawyer, property management, lender/broker, and real estate agent
6. 100% worth it. ROI really depends on investment opportunities. I have 1 pre-con condo recently close that breaks even in rent/mortgage but value has risen ~30-40% in the last few years. Rental condo and airbnb will be more cash flow generating. Cap rate around 10%.
Thank you for sharing. I am looking to pívot some of my HR/Talent expertise into Real Estate sector. So in addition to wanting to start real estate investing myself, I want to help investors staff their team /projects (Question #5).
Follow up question for you, it sounds like you did independent research 🧐 in order to staff your team. If there was a company/person that could have handled that for you and provide you with a database of top performing real estate team in your target area…
1. Would that have been of VALUE to you (save time etc)?
2. Would you pay for a service like this?
3. How much would you invest?
(Just curious and doing some market research)
Not the real estate industry but i used to take a large chunk on my salary and invest it in my business. Did just under 400k revenue last year. Still work full time because the economy sucks but should be easily able to grow it to 1M+ once it picks back up.
What’s your business?
Subject Expert
Full time investor? No
How long til full time? N/A
Startup funding: first property was cashout refi from primary, most equity was sourced from buying a condo and improving it over 8 years before rolling equity into current house
Full time work: see title
Staff a team: mostly found thru Facebook groups (one for the city that my properties are in, 1 for RE investors in that state). Staff is cleaner / handyman for STR, “boots on the ground” for both STR and LTR. Sourced various tradesmen thru Yelp and/or Facebook groups as necessary
Worth it? Yes, I’m cashflow / NOI positive on all of my properties. The big gains will come through principal paydown and holding long term / 1031-ing up, but I’d absolutely do it again.
1. No
2. N/A
3. Savings
4. CPA
5. Husband is an electrician, neighbor is contractor. All properties are in my hometown so folks that need additional cash can come paint, clean, etc.
6. Mostly. Some days we have too much on our plates(both work full-time and have 3 kids), but the additional cash flow is nice and should set our kids up.