All Forum Posts by: Amy Kendall

Welcome Oz!  You have a great looking family!

Welcome to the forums @Daniel Lemley!  It sounds like you already have set some good goals and are off to a good start.  It takes time but it is definitely worth all your efforts in the end.  Good luck

@Tyler Ruff I think you are thinking about it in a good way, but Utah is a tough market right now.  It can be demoralizing to read investing books that tell you only to buy a 1% rule property and then try and find that right now in Utah's market.  Are you considering renting out your newly constructed home and moving?  Fix n flip deals are not easy to come by these days, but I know of a few investors that are still seeing some success.

Awesome! Congrats on the deal and welcome to the forums!

Why not do both?  They could go hand in hand.  When you find a good deal that you could potentially wholesale, try and see if it could also be a potential seller finance as well.  If so, great, you just increased your doors.  If not, great, you still have a wholesale deal.

Sounds like you have a successful BRRRR going and the last step would be to refinance and not do a HELOC. You should be able to pull out about 80% of the value on the refinance. (185k x.8 =148k). You are into the project 114k, so 148k-114k = 34k. That should be plenty to get you into your next project. Good work on that one! Rinse and repeat!

You can usually get a little bit of a discount as an all cash buyer because you won't have the contingency of having to qualify for the loan and can close quicker. For example, if you offer $5k less with a quicker close dealine than someone who has a financing contingency, they might just go with your offer. But if the financing offer is $10k more, they might just take the contingency and pass on the all cash offer. You also have a big advantage if you wanted to fix up homes, because properties in really bad shape can't get traditional financing. So the BRRRR strategy works well. Good luck!

I would learn everything you can through bigger pockets and other free resources.  Personally, I wouldn't recommend spending your money on a guru when it really isn't necessary.  You'll get the same information that you can get for free through the podcasts.  Just use that money toward your first investments,  I think real estate is the best investment, but of course, I am biased. Good luck

Have you attended your local real estate investor meetups?  Try attending and telling them what you are doing and collect the emails of those who are interested so that you can send them deals when you find them.  Also, people on bigger pockets set up key word alerts for your area.  Use words like wholesale, Florida, and your local town name so people will be alerted to where this home is at.  You could also post some more specific information about this property and someone might just respond based on that.  Good luck!

Welcome to the forums @Jeff P.!  I have bought two duplexes out of state in Arizona and am currently building some fourplexes in Florida.  For out of state investing, I have relied heavily on property managers to get a good feel for the area.  I recommend contacting a few that have absolutely no connection with who you are purchasing the property from to make sure your projections of rent and the area are accurate.