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TBC Multifamily Mastermind

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11 contributions to Real Estate Goldmine (free)
I need MORE
@Dan Murphy #LFG i’ve consumed everything that you’ve put out let’s fucking go!
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New comment 7h ago
I need MORE
1 like • 13h
Why do my progress bars still read “0%” when I have gone through all the content?
Settlement Agreement
Attached below is the settlement agreement I entered in with a city in Nashua New Hampshire. Although I was issued a building permit in April, the neighbors complained and appealed it. From there, the ZBA wrongly discriminated against us and revoked our permit due a “zoning violation”. Although it took months and months to solve, they have signed a settlement offer and I’m being rewarded 40,000 dollars. I’m not profiting off this settlement. I’m posting this for multiple reasons: 1. Real estate is hard. This niche isn’t “easy”. Even when you do things the right way, circumstances can pop up. Life isn’t fair. Navigate and move on. 2. I’m proving that you can win these battles. Fair housing is a real thing and it’s powerful. 3. When problems arise, consult attorneys immediately. It’s easier that way and you’re taken more seriously. You’ll save money in the long run. 4. This is a single family home in a tight knit community. The house is great, however, there were signs this could be an issue (homes very close together, quiet neighborhood with no traffic other than neighbors). I suppose I’ve learned to be more thoughtful about placement. 5. I paid for all of this. It sucked. We’re getting our money back and I’ve earned the trust and respect of the operator and many other operators. I easily could’ve just sold the asset and moved on. I made a promise to make it happen so I’m doing it. I’m not saying you should be emotional and run a business with no thought process or plan. However, we navigated through this professionally and further earned respect in the recovery community.
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New comment 14h ago
0 likes • 14h
@Dan Murphy mad mad respect!
Intro
Hey all, I'm Justin. I've been focused on MF for the last year, but got a bit disheartened with it all, so am exploring other asset classes. I don't really know much about assisted living, so mostly hear to learn
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New comment 2d ago
0 likes • 2d
What has you disheartened? I'm in at that space too.
0 likes • 2d
@Justin Pumpr I get that.
Wake Forest, NC
@Dan Murphy I just got sent a potential property in Wake Forest, NC just outside of Raleigh. It's just been re-zoned to allow for assisted living. It's 24,000 sq ft allowing up to 31 rooms. They want $2m for it which seems high, but it does look like a nice building. Let me know if you'd like to sync on it!
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New comment 2d ago
0 likes • 2d
Oh man, that sounds promising. Best!
Q/A
If you missed tonight's Q/A Zoom, don't miss next's week! Dan is sharing gold during this time and it is a great way to network and meet solid individuals.
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New comment 19h ago
1-10 of 11
Mike Penny
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5points to level up
@mike-penny-8505
My wife Michelle and I have two kids; Elisha (14) and Asher (12). I live in Smyrna, GA and have been a real estate investor full-time as of 2020.

Active 5h ago
Joined Oct 15, 2024
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