All Forum Posts by: Alexander Holmes

We are converting the first floor from an office to a duplex. There is already a rental upstairs, so it'll be a Tri after all is said and done. Thanks for the offer to help too. Had someone from Columbus end up reaching out and we are setting things up with Him.

So my partner and I thought we had a contractor for our hard money financed deal. Turns out he couldn't produce on the license and insurance part of licensed and insured. So we are stuck trying to find someone very quickly in a smaller market. And trust me we have called around for previous project and the local picking are slim. Any advice on different ways of finding someone or any suggestions for someone in the Springfield, Ohio area?

As a reminder this is going on today, Monday the 7th at 7pm!

For those of you who have never been to Kaffee Meister you're missing out.

We aim to have some time to casually talk real estate.

No pressure and all experience levels welcome!

Hi Jenna,

My partner and I are wholesalers who work in Jacksonville, Cleveland, and Baltimore. I'm local in San Diego if you and your husband would like to sit and chat I love talking about this stuff and can share some of our experiences. 

@Buddy Holmes, Thank you for the recommendation. I am certainly in a stage of reaching out, so your post was on point. Go Gators! Both my folks are UofF. 

Hey shipmate, sorry for that. I couldn't resist. I just posted my intro today as well. Good to know I'm not alone in my start in San Diego investing! 

I've used my VA. I will say get them most out of it you can, which is multifamily for sure.

Hope to see you around!

-Austin-

Hello everyone. I'm Austin. But I'm from Jacksonville. And live in San Diego. 

Hopefully someone got the Austin reference. I've never been there though.

So being from Florida I hate the cold. More power to all of you up north. I have been there and am good with sticking to tropical islands for vacations. Which happens to be one of my goals. I grew up in Florida and then North Carolina and then Florida, graduated from Nease High School and then UCF in Orlando. BSBA with a focus in Entrepreneurship. Then I did what any normal person would do...I joined the navy, more specifically Naval Special Operations. That's what they told me at least, still mostly paperwork, God Bless American bureaucracy. I wanted to serve before I was too old or I probably would have regretted not doing it while I could.  

I wanted to buy a house early in my naval career because I knew some of the financial benefits of it from growing up and school. Math! Unfortunately I had that most costly of relationship setbacks, so my first home was delayed somewhat. Fast-forward two years. One home bought, not quite paid for, like I said I live in San Diego. I see that not as a bad thing, just an expensive one.

Home details. House Hack. Partly on purpose but I could have done better.

Purchase 567000

Loan 579000

Current Est Value 632000

Rate 3.375 

PIE 3192

Roommates Rent 2600

BAH 2500ish

So it's not hard to make ends meet. And I recognize I know what I pay, but not what I make. Funny.

I have one private lender who wants to do a deal. Somewhere around 200-300 cash. 

I have one co-worker who wants to partner on a multifamily.

I have one friend who is a mutual newbie REI (great store btw).

And I want to look at house hacking (FHA or Refi current and reuse VA?) a multifamily sometime after OCT 2017.

I have two realtors I like, but I don't believe they are too savvy on the investor side.

Also have two general contractors in my hip pocket. And my dad is an architect, yey free plans.

I have about 2000/m saving rate outside of TSP(401k), 25000 cash, 25000 credit, and no debt outside my mortgage. Next step?

The brief version of my goals.

Never work a job after the navy. Except maybe contracting, at 350k a year it sounds pretty good.

Create 8000/m cash-flow in the next 3 years.

Fully "passive" income before 40.

Travel to the countries the Navy hasn't sent me to.

Eventually give 90% away. (J.C. Penney)

I would love to meet whoever wants to talk, teach, pay, invest or just have a beer with me.

I really just started learning towards the end of last year, but I am addicted to information.