All Forum Posts by: Andrew K.

@James Kirby welcome to BP! Glad to hear you've already got a flip under your belt. I'd love to pick your brain about the process.  I'm currently vetting contractors in Fayetteville also, it's a challenge.

I recommend that to speak to @Adam Schneider and Dawn Brenengen--both realtors and investors in Raleigh/Fayetteville.

I recommend that you join us for our inaugural REI meeting here in Fayetteville, details here:

https://www.biggerpockets.com/forums/521/topics/39...

Lots of investors operating in Fayetteville, I'm sure you'll continue to have success.

Please let me know if you need anything.

Take care.

-Andrew

@Adam Schneider thanks for posting this up, I'll definitely be there.  As we discussed before, I think this area is prime for a non-pitchy/guru meeting.  I'm sure it will be a great event!

I want to ensure that the word gets out about this meetup to all my contacts interested in investing in Fayetteville:

@Joseph S. @Account Closed

See you there!

-Andrew

Eric DeVito what's your intent behind sharing your REI goals with your family? Is it to solicit money, gain moral support, or something else? As others have said, use the naysayers to fuel your passion and double down. Every minute explaining/debating your REI goals with doubters is a minute not spent on your business--you can't afford to waste that time educating them, actions speak louder than words! Also, the direct approach to convincing others is often met with resistance. Consider using the indirect approach. Document your progress, goals, challenges, successes on the BP member blogs. Share that link with your family and let them choose to follow along. The real benefit is that you'll grow your REI network on BP, and maybe you'll win over a few family members as well. Take care and keep us posted! -Andrew

Nicole B. I think it's great that you're offering such a desirable service in exchange for a foot in the door. Look up Ned Carey, he's active on BP and based in Baltimore. You'd do well to offer value to him. Good luck and keep us posted on how it goes! -Andrew

Matthew Marchetti I recommend that you speak with Jeff Brown, The Bawld Guy. You'll see a number of articles he's written for the BP blog. Great stuff and he's genuinely a great guy. He's helping me re-structure my mom's retirement accounts (not much there!) to ensure she has lasting income. He highly recommends note investing, it's worth your time speaking to Jeff. Good luck and keep us posted! -Andrew

David Nutakor I'm no expert, just patient and overly conservative. I have mixed feeling about my local market, so I hedge my bets by only buying at a steep discount. I'm in no where near as a competitive market as Vegas, nor will I see massive appreciation swings like the east and west coasts. Good luck and Happy Holidays to you also! -Andrew

Jonathan Beemer I think that if you want to time the market, you must be an expert in analyzing market cycles. Lots of "experts" didn't predict the last crash or the upswing...and others blindly followed their "expert" opinions. The advice that others already provided is perfect. Look for a deal in your current market, be accurate and conservative in your numbers to ensure it cash flows. (Or have plenty of reserves if you're speculating on appreciation). I'm no expert, but to me buying a property at 50-60% of value provides me with enough spread to weather a shift in the market. Good luck and keep us posted! -Andrew

Ed S. it's a shame that the carpets were ruined in this manner, poor kid made a mistake. No feedback either way on getting a judgement, just a recommendation that you look at more durable flooring options. Over $4k is a lot to spend on carpet! Know that the next tenant may absolutely thrash the new carpet, and the next tenant, and the tenant after that, etc. You'll never be able to recoup your losses banking just on the keeping the security deposit. Install a hardwood, tile, or high-end laminate into the place. If you can't do the whole house at once, do the upgrade in phases. At some point you'll no longer have to worry about carpet expenses (and chasing tenants for ruining them). Good luck and keep us posted! -Andrew

@Jeremy Walker just wanted to follow-up and see how the PCS is going...any luck finding a new place in Fayetteville?  Did you end up purchasing a small multi-family?

Hope all is well and keep us posted on your progress.

Take care.

-Andrew

@Alexander Felice I'm interested in future lunch meetups, sent you a PM.

Thanks!

-Andrew