All Forum Posts by: Alliya Pinckney

Same here guys! 
I’d be down for a zoom mastermind or some sort!

What's up BP family!

I know many of investors that search for out of state opportunities if they live in Bay Area, CA, or California in general. Especially for beginners. Myself included. But what I'm interested to know is what my experienced and informed BP people think.

I'm currently stationed here with my spouse on military orders and we're going to be here for a while. I wouldn't hate to use a house-hacking option for my first deal, as it would serve multiple purposes for us at this time. My thoughts naturally lean against it due to the property values in this area. But I would love to hear from some of you that have experience in this area or any expensive area.

Are there some hidden gems of neighborhoods to look out for in The Bay that DOESN'T cost $700k?! 

Anyone currently house-hacking in an expensive area? 

Any active duty members here that are using their VA loan and can provide any insight?

Anyone in the area part of a mastermind group they would recommend? 

Any and all recommendations and insight is appreciated you guys; I'm ready to WORK!

Much love everyone, thank you in advance!

@Beth Pagano my pleasure! Sharing and reading through others successes plays as a great refresher in motivation for me! Glad it helped you also!

@Joseph Burell that is amazing! I love the golden nugget from your mentor, that is really priceless and something most people may never think of! I will also keep in mind your idea of offering a flat 10% return when I sell or refi. Great stuff! Thank you so much for sharing!

What's up BP fam!

I personally get fired up from reading your stories, so please keep sharing. I've been reading a lot of posts here on the forum and I'm noticing more and more that there are a lot of people that end up funding their deals using unique financing options from smaller banks. Many of which have seemed to be that cherry on top in turning a good deal into a GREAT deal. (My favorites so far are when the cost of rehab is included) 

I would love to here from all of my investors on where you feel you've had your greatest successes in finding funding for your deals. 

Bonus Question: For those of you that have used smaller/local banks for funding, how did you go about finding out what those "portfolio lenders" offered to fulfilled for your particular desire? Did you call around to every small bank in the city? Did you use referrals from other investors? Did you simply research using the internet and go from there?!

SHARE YOUR STORIES!

@FNU Dheeshakti

In my opinion, a real estate agent doesn’t seem 100% necessary but they do have benefits.

Not all RE agents are built the same, but a GREAT agent knows their locations VERY well. Of which, if you’re not so familiar with the market, neighborhoods, trends, of an area, they can be a great resource.

If you’re investing in an area you’re extremely familiar with, maybe that benefit doesn’t apply for you.

However, also on the journey to landing a great property with a great deal, timing is everything. Having a great rapport with a great RE agent could potentially give you that quick first step, ahead of any other investors interested in the same properties as you.

Just my thoughts, hope it helps!

@Casey Roman

I would look into some of the more creative options for investing. Brandon Turner of BP actually has a really helpful book called how to invest in real estate with no (or low) money down.

You can look into private loan options rather than commercial. Also maybe lease options? Seller financing. Home equity loan or line of credit. Maybe even a partnership with someone that CAN get a loan from the bank?

Sounds like some of the more common options may not be possible for you, but here’s just an opportunity for you to think outside of the box and get creative.

@James Wise thank you so much!

@Joe Hammel  wow! That breakdown was extremely helpful for me Joe. With all of the reading and podcast, I have a big brain of information now so the biggest struggle I’m encountering at this time is where to start when it comes to analyzing. Your foundation has helped me A LOT. I notice you’re a real estate agent, awesome! In your professional experience, are there any resources that you have direct access to that you believe make your job “easier” than if you weren’t?

Ondrej! Thank you so much! I’ve been looking at the Midwest for certain, just from what I’ve heard on many of the BP podcasts. Are any of these recommended stages local to you? Or are you looking to invest of state?