All Forum Posts by: Account Closed

Great advice on this thread.  It all depends on your investment strategy?  We buy and sell mobile homes on notes so it's worked out for us thus far.  It's a great way to create cash flow in a market where it's hard to create with rentals.

Hi Aly,

This one has to be one of my favorite episodes on BRRRR: https://www.biggerpockets.com/...

There is a part 2 follow up episode post Corona:  https://www.biggerpockets.com/...

Lastly, Thach Nguyen's interview was powerful as well:  https://www.biggerpockets.com/... He's also worth a follow on Instagram for more BRRRR wisdom @thachnguyen

Good luck!

Hello Mamadou.  I always tell my kids to follow their passion.  If the path to their passion involves a 4 year degree then great.  If it does not, then get as much education as one can within the field of their passion.  At the same time, never stop learning, push hard and most of all prove that you are invaluable.

I've found a love for real estate investing later in life and I think that it's great you are thinking of investing at such a young age.  We each have our own paths and you know what's best for you.  Take a few days to find your answer by forgetting about conventional wisdom and following your instinct.  Hopefully you will find the best answer for Mamadou.

Hi.

I am selling a mobile home with seller financing. I am looking for an Mortgage Loan Originator who is versed with seller financing in the LA area?  The mobile home is in Lancaster.

I would love any recommendations?  Thank you.

Inspiring post.  I will keep this bookmarked for the future.  I too have a goal of doors in mind.  I still have a ways to go but you have proven that it can come sooner than expected.  Thanks for sharing.

Hey @Sam Manoo

I live in Pasadena. I have 2 SFH rentals in Indy. I discovered Indy mostly by accident. After a few trips, a city tour, driving around and seeing a lot of properties, I now feel like I have a handle on repeating the process in buying more.

It was a process of going through it myself and learning what was right and wrong for me.  I received trusted referrals from trusted sources.  Some did not always pan out and some did.  I learned so much from that first purchase that my second one went smooth all due to having a better team in place.  

I would say to pick one market using the logic and strategy you feel is comfortable for you.  Then through BP, sign up as a buyer with a bunch of wholesalers in that market.  Analyze the deals from home.  When you can identify one or two wholesalers that have the most deals that fit your needs, plan a visit.  Call up the wholesaler(s) and ask if they can fill your visit with viewings.  While you are there, ask about the neighborhoods etc...  

It took me about 3 trips to Indy and 2 failed deals before I got my first one.  I don't regret the failures at all.  If you want to meet up to talk more, let me know?

Thanks for the detailed information @P.J. Bremner  I'm looking forward to your future post on your purchases.

Thanks!

These are great questions which I would like to learn more about as well. I'm looking to add my first multi-family this year and there are little to no similar comps in the areas I'm looking in. Makes it a challenge to consider a BRRRR strategy.

There's another webinar later today: "Using Duplexes, Triplexes, and Fourplexes to Find Financial Freedom"  Hopefully we can get some answers to these questions today? 

Hi Andrew.

I'm just north of you in Pasadena.  I've invested in 2 buy and hold properties within the last year in Indianapolis.  If you ever want to connect, I'd be happy to share with you my experiences.

Aaron

@Annie Li Thanks for sharing Annie.  I'm also a Southern Cal investor looking into Indianapolis.  I was there last month and enjoyed the city and investment opportunities.  I'm anxious to hear your final experience!

Aaron