All Forum Posts by: Bradley De comarmond

Happy New Year!

It's a new year and I'm sure you have huge ambitions regarding your real estate investing.

On Wednesday, February 7th, we will be gathering for our first mixer of the year from 6pm-8pm at:

SOHO Places shared offices (https://liquidspace.com/us/ny/new-york/soho-places) to connect and discuss openly about the different ways and markets we invest in (or want to invest in) outside of NYC.

Address: 435 Broome St New York, NY 10013

There is no selling or pitching, just connecting with other investors and professionals currently investing or considering out of state property. New and seasoned investors welcome! Feel free to invite other interested friends and investors.

For more details and to RSVP, please visit the Meetup page at:

https://www.meetup.com/Out-of-State-Real-Estate-Investors-of-NYC/events/247063565/

-Brad

Hey everyone!

There is a Meetup group that I started in July when I was in NYC that is specifically designed for investors looking or currently investing in other states.

Our first event back in August drew a crowd of about 25 investors. Right after, I left NYC to go to FL and haven't been back but have been getting messages asking about when the next Meetup is going to be.

I wanted to see if you (or someone reputable you know) would be interested in co-hosting this group and throwing events every 6-8 weeks.

For one, if you have been listening to the podcast, you know they always preach the power of hosting your own group/meetup because you will meet almost everyone that attends and can lead to getting the first look at many deals.

Two, it's fun, costs almost nothing, and you get fulfillment helping out others in your community.

If this is something that interests you, message me and we can discuss further. The only requirements are that you're serious, reliable, and a great people-person.

Thanks!

-Brad 

Happy 2018!

We will be gathering for our 3rd mixer February 6th from 530-730 to meet and discuss openly about the different ways and markets we invest in (or want to invest in) outside of California while enjoying Estrella's wonderful ambiance and happy hour specials which runs until 7pm so come early!

NO SELLING. NO GURU SPIEL. JUST GOOD OLE NETWORKING AND LEARNING.

New and seasoned investors welcome! Feel free to invite other friends and investors.

Specials:

$7 wine

$4 house beer

and $4 and $7 finger foods

After 730, feel free to stay for dinner!

Parking: Valet is $10 (CASH ONLY!) but there is street parking as well. Whatever you do, make sure your parking spot is legitimate. West Hollywood parking enforcement does not mess around!

Details: We will be at the the north bar outside (as of now).

When you arrive, look for name tags and be sure to write the city/state etc so you as well as other investors can see what markets everyone is in for effective networking.

Brad (CashFlowFlorida.com) will be in Florida for this event, but fortunately, sydicate and property manager superstar Jared (KigCapital.com) and rockstar Realtor Judy Graff ( JudyGraff.com) will be hosting this event for all of you so make sure to reach out and introduce yourself.

Please visit the Meetup Page to RSVP: 

https://www.meetup.com/Out-of-State-Real-Estate-In...

Looking forward to seeing you all there!

-Brad, Jared, and Judy

Welcome to Bigger Pockets @Jenelle H.

BP is loaded with all the information you will need to succeed in whatever niche of real estate investing you wish to pursue and the community is filled with knowledgeable investors and professionals to learn from and connect with.

BP is what you make it. The more you put in, the more you will get out of it!

Listen to the podcast for extra inspiration and investing advice and post in the forum for any questions you have. Members here are really eager to help. We're all working to succeed together.

Also, check the "networking events" tab under "Community" and go out there and meet people. That's the way to build powerful relationships. In fact, myself and another CA investor host an "out of state real estate investing networking mixer" every few months in LA so look out for that if you're in the area.

Like you, I am living in CA much of the year, but I focus on investing out of state for the 3x cash flow and reasonable cost of real estate. Florida is my state of choice. 

If you have any questions about out of state investing and in the Florida market, connect with me and good luck on your journey!

- Brad

P.S. - Two of the best books you can read (and re-read) are Rich Dad, Poor Dad and The 4-Hour Workweek. Both have been mentioned numerous times by guests on the Bigger Pockets podcast and I have detailed notes to both books. If you would like a copy, just let me know and I'll send them over. (but it's still highly worth buying the books.)

Welcome @Hunter Johnston

You have an extraordinary vision. Use that discipline and focus that has been instilled in you and you will succeed. 

If I could go back to 21, (I'm 31 now), I would tell myself to never take a week off of learning and never "get out of real estate." Listen to podcasts like BP as well as other great entrepreneurial podcasts like The School or Greatness, The Brendon Show, How I Built This, etc,  every week. No excuses.

Enjoy your time at college with friends, girlfriends etc, but never get 100% caught up in that and lose your long term vision. Work at this vision bit by bit week by week and by the time you're 31, you could be mostly there. 

I made the mistake of getting out of real estate back in 2011 after a few flips ended up in smaller profits than originally planned. Instead, I should have stayed the course, learned how to do it better after each project and by now I could have been a machine cranking out multiple flips per month. 

If you ever lose motivation, just listen to a BP podcast, attend a REIA event, or similar, and your fire will be reignited. Good luck and thanks for serving our country so we can go out and invest in real estate!

-Brad

@Jared K. is a syndicator in the valley. Great guy, could be a solid connection for you.

Welcome @Stephen Smith 

Stay plugged in to the podcast and forums and then attend meetups. Real estate is truly a relationship business so take consistent action rather than get overly excited and burnout.

Always keep learning knowing that real estate will always be here (until we destroy our planet).

Best wishes on your investing journey!

-Brad

@Benjamin Mann Yeah you can own property. I live in LA (with plenty of Aussies)  that own property throughout the US. Not exactly sure the requirements and how they differ but it's very possible.

Ft. Lauderdale is nice. Property in South Florida can be pricey as well but there are areas that have nicer returns.

Hey BPers!

A client of mine is closing on a triplex in Dunedin/North Clearwater on the 31st but there is some work to be done including some moisture behind drywall, minor repairs, and will eventually need a rehab on 2 of the bathrooms, floors, paint, and perhaps a kitchen or 2 and we need a contractor (or at least a plumber) to take a look and give us a quote to repair and the options/severity of the leak. 

This Monday (8/28), we will have access to the unit  that has the moisture at 10am but I can also send out the inspection report if I can get a bid without you being there,

Any great referrals that can come by Monday would be highly appreciated. Again, this is in Dunedin, Florida. Message me if you have someone you think would be a great fit. Thank you!

-Brad

@Chris Mason Her HR verified employment already and said they would for the next few weeks since she's using vacation time so hopefully that works but I'm fuzzy on that.

@Andrew Johnson The seller is an agent is isn't very motivated. They want to buy a similar property an hour closer to them to self manage but obviously they're not looking to lose much. As for the buyer, she's down to $360k being her number after the appraisal and inspection. Bottom line is that the market is so hot that there aren't any other properties in her price range and location with that amount of cashflow. If she bails, her financing would be gone and won't be using cash. It's just high demand, low supply, take the cashflow you can get type of situation.

Thanks @Lora P. That may be the case here but hoping not.

@Anthony Angotti yeah we proved leases that were going for 3 years and a few hundred under market rents (which the appraisal also revealed)