All Forum Posts by: Andre Crabb

Hey BP!

My mind has been on buy-and-hold for the past few months as I've been learning about real estate. The goal was to buy my first investment property by the end of the year.

But. After thinking about it, flipping seems to make more sense given 1) my situation, and 2) the market.

In looking to get more information about the process of flipping, I've got a few questions:

1. How much time is required per week? Estimated between 1) remote time (phone calls, internet research for prices, materials, etc) and 2) on-location time (any time required to physically be at the property, in an agent's office, meeting contractors, etc)
2. What does an average return look like? Is there a typical COCR (say 20%)? Or is it a typical flat return (say $20,000)?
3. I was wondering, do you have to pay utilities (electric & water) for the home during the flip?

I work full time and would do RE part time, hence Question #1.

Buy and Hold seems to be all about percentages, but flipping sounds like a different mindset, hence Question #2.

Any and all answers are appreciated :)

Cheers,

André

 @Jordan Moorhead On page 1 of this thread ☝️

@Rachel H. That's what I've been doing so far! Funny, I got in touch with Ali at the beginning of my search and have read many of her posts. 👍

Hey all,

So I'm new to investing. My goal is to buy two cash-flow-focused multi-family properties by the end of the year with the savings I've got in whichever state makes the most sense for me. However, I'm traveling abroad for at least the next six months.

How would you spend that time?

1. Learning? Analyzing markets, getting a solid picture of what numbers could be in certain areas, learning how to do rehabs & repairs, etc
2. Networking? Regularly calling agents, property managers, potential partners, etc.
3. NOT waiting? Just get my first deal done already.

I see some pros and cons to the time

• Pros: time to learn before jumping in and losing all my money in a bad deal, they say its best to buy in the winter anyway, its still a sellers market right now
• Cons: "forced" analysis paralysis, no US REIAs where I am / networking in person, any deal I do now I'll be 100% remote which is intimidating for a newbie.

What are your thoughts?

Cheers,

Andre

Hey Luke! I've been looking for the same actually, house hacking in Miami. Though Miami numbers are pretty tight so maybe farther north would make more sense.

Hey BP,

Searching for multi-family properties hasn't been as easy as I would have expected given that we're in the 21st century...or am I missing something?

Websites/apps for searching for properties filter by "multi-family" but NOT by number of units. What's the best site or process for doing a search like: "show me all the triplexes for sale in Tampa"?

Cheers,

André

@Jason Brown thanks for the insights! As a nomad investor, any in-person lead generation is not an option. What has been you most successful approach? Do you not recommend working with brokers/realtors/agents and building a network?  If you aren't a fan of agents/wholesalers, who is in your "network"?

@Account Closed hm thanks for the info there. I don't mind a little work, in fact I expect it. But I wouldn't want to house hack in a bad neighborhood. Any suggestions on which submarkets I should consider?

Thanks @Junior Soares! I was in the Bay Area for the past 6 years, and no way we'd see those kinds of numbers out there. Thank you for sharing your story. I'd be curious to hear how about Atlanta. What made you choose there? I was eyeing it, though I find myself settling on Miami.