All Forum Posts by: Alex Filipe

@Julian Michon I’ll have to listen to that one. Thank you! I’ll reach out to via pm and we can plan something.

Hello BiggerPockets,

I'm currently looking to get costs of new homes built within Baldwin County and potentially historical data too (upwards of 10 years). If anyone can lead me in the right direct it would be greatly appreciated. Just to clarify I'm not looking for retail costs of new homes but specifically development costs. I'm trying to compile data to compare development costs, retail new construction costs and current market values.

"Is the real estate bubble burst soon?"

This is a very difficult question to answer. Bubbles are in every market but nobody knows for certain when a bubble will "burst"or when another begins. Timing a market can be a crucial mistake leaving you on the sidelines for years. Invest smart by calculating your numbers and understanding a market.Be conservative and don't over leverage your assets. Regardless whatever point we are in a market cycle if you do your due diligence then it will turn out in your favor over the long term. Money can be made at any point in a market cycle.

Welcome to the site @Paul Abrilla

@Paul AbrillaBiggerPockets is a great resource fully at your disposal. There is a great abundance of knowledge on the site. If you have any question feel free to ask myself or anyone else, I'm sure they would be happy to help. I'm across the bay myself in the Baldwin county market.

Okay thank you all for the replies very informative.I was not aware that PM were that bad. @Chris Clothier Yes I'm an aspiring REI(if you couldn't tell), entering the military next month and plan on getting started RE, in about 2 years. As of now I'm just learning as much as possible and saving up in the process. Its a lot to take in when your first are getting your feet wet so just bare with me. Thanks for the help once again.

I'd like to start off by saying sorry if this in question is in the wrong category. My question involves PM vs Turnkey. I understand they both have there pros and cons but what about money? In theory wouldn't it be cheaper to hire a PM and find companies your personally to do the work needed to your properties? This seems also safer since PM companies tend to provide better service overall than Turnkey companies when it comes to managing the  property. Please correct me if I'm wrong, I feel as if I might be missing something here.

 I'll have a look into that. Thanks. No wasn't planning on using it to scale but simply have a starting point.

Why yes that exactly what I had in mind. LTV was going to be my biggest obstacle to overcome. With this method you could essentially skip that process and acquire the portfolio that I would need. Thanks very much for your insight of things.

Brooks and Alexander thanks you guys very much for your help I was under the impression my first few homes would have a fairly high interest rate.

Thanks for the response I think I was a little unclear with what I was intending to say but you still did answer my question. I was intending to see if I was able to refinance the VA loan through a third party but as you answered it I can. The 20% down wouldn't be my concern but instead the interest rate on the property. If VA offers me a low interest rate and in return once I get it refinanced through a third party keeping that same low interest rate which are hard to achieve with once starting up. 3% interest rate sounds a while lot better than 10%.