Alicia Greene

PROPERTY PLAYMAKERS REAL ESTATE INVESTMENT PROFILE

Profile Created: 2023-09-29 12:25 PM
Property Playmakers Telegram Username: Lisa Greene
Email: loyalty@infolegendarysolutions.com
Allows Text Notifications:yes
Phone: +15512716894
City: Queens
State: New York
Website: https://infolegendarysolutions.com

EXPERIENCE:
Has Real Estate Investment Experience: yes
Length of Real Estate Investment Experience: greater than 1 year
Total Experience (Years): 3
Total Experience (Months): 0

OCCUPATION:
Primary Occupation: Compliance Analyst
Other Occupation 2: NA
Other Occupation 3: NA
Other Occupation 4: NA
Other Occupation 5: NA

GOALS:
Real Estate Investment Goals: Cash Flow: earning a consistent income from rental properties||Passive Income: earning money with minimal effort by leasing properties||Property Flipping: buying properties, improving them, and selling for a profit||Appreciation: investing in properties that will increase in value over time||Tax Benefits: taking advantage of tax deductions and benefits available to property owners||Portfolio Diversification: diversifying investment portfolio by adding real estate assets||Retirement Planning: building wealth and security for retirement through property invesment||Wealth Building: using real estate as a tool to increase||Community Development: investing in and improving local communities||Leverage: using borrowed capital for real estate investment to increase the potential return||Geographical Diversification: investing in various locations to spread risk||Legacy/Inheritance: acquiring properties to pass down to future generations
Investment Property Type Preference: Land||Multi-Family (2-4 units)||Apartments (5 units or greater)||Hotels||Commercial Properties
Short-term Goals: Become debt free.
Want to be the owner of 15 or more doors.
Own at least one apartment building with at least 10 units.
At least three different streams of cash flow.
Long-term Goals: Commercial property overseas, hotel or resort
Become the owner of three or more hotels.

INVESTMENT READINESS:
Has capital set aside for Real Estate Investing? no
Is pre-approved for a loan? no
Total pre-approved loan amount? 0

CHALLENGES & OBSTACLES:
Biggest Challenges:
Organizing a team that specializes in different areas of business.
Current Obstacles:
I am having the hardest time finding a virtual address for my business that I can afford to pay monthly.

QUESTIONS & CONCERNS:
How to fund the right auction sale?
How to find auction sales?
Can you use credit cards in auction purchase or it has to be cash?

ACTION PLAN:
Everyday get one percent better and complete something from my list of goals

HOW CAN THE GROUP SUPPORT YOU:
Holding me accountable and making sure I check in everyday.

ADDITIONAL INFO:

FEEDBACK:

NA

Property Playmakers: Our Comprehensive Roadmap to Real Estate Investment!

Phase 0: Preliminary Learning and Education

  1. Learn About Real Estate:

    • Approach: Create a structured learning program.
      • Utilize online real estate investment courses and webinars.
      • Encourage reading books and articles about real estate.
      • Organize regular knowledge-sharing sessions within the group.
      • Engage industry experts for talks and discussions.
    • Outcome: Every member gains a foundational understanding of real estate investment.

  2. Understand the Roadmap:

    • Approach: Detailed walkthrough of each phase.
      • Break down each phase and step, explaining the rationale and execution plan.
      • Use real-life examples and case studies to enhance understanding.
      • Conduct interactive Q&A sessions to clear doubts.
    • Outcome: Members understand the roadmap, the significance of each phase, and how to navigate them.

Phase 1: Formation and Legal Structure

  1. Create a Core Team:

    • Form a team of individuals who will lead and manage the group.
    • Assign roles such as President, Treasurer, and Legal Advisor.

  2. Draft a Clear Mission Statement:

    • Outline the group’s objectives, strategies, and goals.

  3. Choose a Legal Structure:

    • Learning Aspect: Organize workshops with legal experts.
    • Consult a legal professional to decide the best legal structure.
    • Register the group as a legal entity.

  4. Develop a Membership Agreement:

    • Create a comprehensive agreement outlining member responsibilities, investment procedures, profit/loss distribution, and exit strategies.
    • Have all members review and sign the agreement.

Phase 2: Financial Planning

  1. Open a Bank Account:

    • Open a dedicated bank account for the group’s financial transactions.

  2. Determine Investment Criteria:

    • Decide the type of properties to invest in.
    • Set a budget and analyze the potential return on investment.

  3. Create a Financial Model:

    • Learning Aspect: Conduct financial literacy workshops.
    • Develop a financial model to assess potential investments.

Phase 3: Market Research

  1. Conduct Comprehensive Market Research:

    • Learning Aspect: Provide training on market analysis tools and techniques.
    • Analyze the real estate market to identify potential investment opportunities.

  2. Engage Real Estate Experts:

    • Consult real estate experts, agents, and brokers for insights and advice.

Phase 4: Property Selection

  1. Identify Potential Properties:

    • Shortlist properties that meet the group’s investment criteria.

  2. Conduct Property Assessment:

    • Learning Aspect: Engage experts for sessions on property assessment and valuation.
    • Perform a thorough assessment of the shortlisted properties.

Phase 5: Investment

  1. Finalize Property Deals:

    • Negotiate and finalize the property deals.
    • Complete the legal and financial formalities.

  2. Pool Funds:

    • Members contribute the agreed-upon capital for the investment.

  3. Purchase Properties:

    • Acquire the selected properties using the pooled funds.

Phase 6: Management and Growth

  1. Manage Properties:

    • Learning Aspect: Offer courses on property management.
    • Decide whether to manage the properties internally or hire a property management company.

  2. Monitor Investments:

    • Regularly assess the performance of the investments.
    • Distribute profits as per the membership agreement.

  3. Reinvestment:

    • Consider reinvesting the profits into new properties or other growth opportunities.

Phase 7: Review and Exit

  1. Conduct Regular Reviews:

    • Conduct regular reviews to evaluate the group’s performance and make necessary adjustments.

  2. Plan Exit Strategies:

    • Learning Aspect: Conduct sessions on developing and implementing exit strategies.
    • Develop clear exit strategies for members who wish to leave the group or for selling properties.

Phase 0: Preliminary Learning and Education

  1. Learn About Real Estate:

    • Approach: Create a structured learning program.
      • Utilize online real estate investment courses and webinars.
      • Encourage reading books and articles about real estate.
      • Organize regular knowledge-sharing sessions within the group.
      • Engage industry experts for talks and discussions.
    • Outcome: Every member gains a foundational understanding of real estate investment.

  2. Understand the Roadmap:

    • Approach: Detailed walkthrough of each phase.
      • Break down each phase and step, explaining the rationale and execution plan.
      • Use real-life examples and case studies to enhance understanding.
      • Conduct interactive Q&A sessions to clear doubts.
    • Outcome: Members understand the roadmap, the significance of each phase, and how to navigate them.

Phase 1: Formation and Legal Structure

  1. Create a Core Team:

    • Form a team of individuals who will lead and manage the group.
    • Assign roles such as President, Treasurer, and Legal Advisor.

  2. Draft a Clear Mission Statement:

    • Outline the group’s objectives, strategies, and goals.

  3. Choose a Legal Structure:

    • Learning Aspect: Organize workshops with legal experts.
    • Consult a legal professional to decide the best legal structure.
    • Register the group as a legal entity.

  4. Develop a Membership Agreement:

    • Create a comprehensive agreement outlining member responsibilities, investment procedures, profit/loss distribution, and exit strategies.
    • Have all members review and sign the agreement.

Phase 2: Financial Planning

  1. Open a Bank Account:

    • Open a dedicated bank account for the group’s financial transactions.

  2. Determine Investment Criteria:

    • Decide the type of properties to invest in.
    • Set a budget and analyze the potential return on investment.

  3. Create a Financial Model:

    • Learning Aspect: Conduct financial literacy workshops.
    • Develop a financial model to assess potential investments.

Phase 3: Market Research

  1. Conduct Comprehensive Market Research:

    • Learning Aspect: Provide training on market analysis tools and techniques.
    • Analyze the real estate market to identify potential investment opportunities.

  2. Engage Real Estate Experts:

    • Consult real estate experts, agents, and brokers for insights and advice.

Phase 4: Property Selection

  1. Identify Potential Properties:

    • Shortlist properties that meet the group’s investment criteria.

  2. Conduct Property Assessment:

    • Learning Aspect: Engage experts for sessions on property assessment and valuation.
    • Perform a thorough assessment of the shortlisted properties.

Phase 5: Investment

  1. Finalize Property Deals:

    • Negotiate and finalize the property deals.
    • Complete the legal and financial formalities.

  2. Pool Funds:

    • Members contribute the agreed-upon capital for the investment.

  3. Purchase Properties:

    • Acquire the selected properties using the pooled funds.

Phase 6: Management and Growth

  1. Manage Properties:

    • Learning Aspect: Offer courses on property management.
    • Decide whether to manage the properties internally or hire a property management company.

  2. Monitor Investments:

    • Regularly assess the performance of the investments.
    • Distribute profits as per the membership agreement.

  3. Reinvestment:

    • Consider reinvesting the profits into new properties or other growth opportunities.

Phase 7: Review and Exit

  1. Conduct Regular Reviews:

    • Conduct regular reviews to evaluate the group’s performance and make necessary adjustments.

  2. Plan Exit Strategies:

    • Learning Aspect: Conduct sessions on developing and implementing exit strategies.
    • Develop clear exit strategies for members who wish to leave the group or for selling properties.

Phase 0: Preliminary Learning and Education

  1. Online Real Estate Investment Courses and Webinars:

    • Resources like Coursera, Udemy, and real estate websites.

  2. Books and Articles:

    • Books by renowned real estate experts and articles from reputable real estate websites.

  3. Industry Experts:

    • Invite experts for talks and discussions.

Phase 1: Formation and Legal Structure

  1. Legal Professionals:
    • Lawyers with expertise in real estate investment groups and legal structures.

Phase 2: Financial Planning

  1. Bank:

    • Research and choose a bank for the group’s financial transactions.

  2. Financial Modeling Software:

    • Tools like Excel or specialized financial modeling software.

Phase 3: Market Research

  1. Market Analysis Tools:

    • Utilize tools and software for real estate market analysis.

  2. Real Estate Experts, Agents, and Brokers:

    • Engage professionals for insights and advice.

Phase 4: Property Selection

  1. Property Assessment Experts:
    • Hire experts for property assessment and valuation.

Phase 5: Investment

  1. Investment Tools:
    • Use investment analysis tools to evaluate potential investments.

Phase 6: Management and Growth

  1. Property Management Company:

    • Vet and choose a reliable property management company.

  2. Investment Monitoring Tools:

    • Utilize tools for monitoring and managing investments.

Phase 7: Review and Exit

  1. Exit Strategy Experts:
    • Consult experts for developing and implementing exit strategies.

Continuous Learning:

  1. Learning Platforms:

    • Use platforms like Coursera, Udemy for continuous learning.

  2. Real Estate News and Update Sources:

    • Subscribe to newsletters, websites, and magazines for the latest trends and updates in real estate.

Additional Tools:

  1. Communication Tools:

    • Use tools like Slack, Telegram for effective group communication.

  2. Document Sharing and Collaboration Tools:

    • Tools like Google Drive, Dropbox for sharing documents and collaborative work.

  3. Survey and Feedback Tools:

    • Use tools like Google Forms, SurveyMonkey for collecting feedback and ideas from group members.

Ensure to conduct thorough research and vetting of each tool, resource, and professional to ensure they align with the group’s objectives and standards.

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