All Forum Posts by: Andy Rothermich

Hello all, 

I am a buy and hold investor with several single family rentals in the Midwest. I have managed the properties myself since we made our first purchase back in 2013. I have also done extensive renovations and repairs.

My wife and I moved to Portland, OR a couple years ago and I have been missing the hands on aspects of real estate. And so I thought I would reach out to the BP community in my area. 

At this time, I am not really looking for a buying opportunity or anything like that. I am looking for work, full-time or part-time. I am really not too particular about the type of work I would be doing. I'd be open to working for a property management company, doing rehabs with a flipper... really just want an opportunity to make decent money working with good people and developing my knowledge and skills in the realm of real estate. If you or someone you know are looking for an experienced real estate investor with a good work ethic, please reach out to me. I would love to hear from you! And I will be happy to email you my cover letter and resume.

Warm regards,

Andrew Rothermich

Thank you all so much for your thoughts. You definitely gave me some things to consider.

I'm somewhat tempted just to buy the land, build the cabins and set up shop without bothering with the bureaucracy. I could try to keep the low profile, but if it was successful, the local officials would probably stick their noses in for their cut.

Jennifer, thanks for the idea or using attached units. That could be a good work around.

Paul, your points are well taken. I would definitely want to scope out the area thoroughly before pulling the trigger on anything. And also talk to some local investors to get the lay of the land. I'm looking for a nitch that hasn't already been filled.

Bill, thanks for the suggestion. I hadn't considered Wyoming, but I will definitely look into it!

Mike, it's nice to know that at least one other investor shares my enthusiasm for this approach. I know that wherever the plan is implemented there will be plenty of hoop jumping and red tape, but I'm going to keep at it!

-Andy

I've been I've been toying with the idea of purchasing a few acres of land in the Pacific Northwest and building a several small cabins to rent out as airbnb's. I've done a bit of research on a few towns and a couple counties in the region, and it seems that zoning laws might prevent this plan from becoming a reality. Either they do not allow multiple structures to be built or they require any short-term tenants to reside in the primary dwelling.

Does anyone know of a place where this idea might work? The ideal location would be rural but close enough to some local attractions to avoid high vacancy rates.

Any advice is much appreciated!

-Andy

Thanks Steve. I totally agree that the only way do make things happen in this game is by taking action. My wife and I are currently looking at houses and hope to make an offer by the end of the week.

What could we expect if we attended a MAREI meeting? Is it pretty formal? Would you recommend it?

Hey Andrew,

I am a fellow noob in the KC area and am looking for the exact same thing...meet seasoned pros who can provide a little guidance for buy and hold strategies. Have you found any others who are meeting. Or any upcoming KC RE events you can clue me in on?

Thanks!

-Andy