All Forum Posts by: Brandon P.

Step out @Corey Duran and you will not regret it. Do your due diligence, which it looks like you are by being on here and asking questions...but don't be afraid to pull the trigger on something that comes your way.

0 Votes

Quote from @Lee Ripma:

@Nick Bandiera - I started out of state investing from San Diego in the Midwest - huge fan. There is no reason you can’t start out of state! I talk about it on BP373. Get going, you’ll be glad you did!

AH! When I saw your name before I read your post, I was like, that name looks familiar. Good episode! Thank you!

1 Vote

Quote from @Avery Dillman:

Hello! I have always been very interested in investing in rental properties. Ever since I was little. I've had numerous family members who became very successful in it and I would like to follow. (All of which are sadly gone now). But I have read many books and watched tons of videos but I guess I find myself lost on where to start. I've been working a min wage job for last 5 years and have nothing to really show for it. I just seem to get discouraged by the big prices of houses here in Florida. Even the run down places. Any suggestions would be greatly suggested. Or even book recommendations or courses as well! Thank you!

It is possible and you can do it. My wife and I contacted a lender last year and that one step set everything into motion, we now house hack a home in central Florida. Don't give up and make one call today to a lender or realtor and get the ball moving forward!

2 Votes

Talk with @Remington Lyman or @Joshua Janus.

1 Vote

Cleveland, Ohio

Quote from @Ben Einspahr:

@Maylin Cuello there is only so much you will get out of self education. They rest you will have to learn by doing. Kind of like riding a bike :) I understand how you feel. We have all been there.

My 2 cents:

1. as others have mentioned, you do not need to pay for mentorship

2. Dont do STR arbitrage. It is just something shiny + plus you do not get the full benefits of REI (debt paydown, appreciation, depreciation, and cashflow)

3. Stick with HH'ing in your back yard. Keep it simple

Next steps:

1. connect with agent that is familiar with HH'ing and has a solid track record.

2. connect with a lender to see how much you can get pre-approved for. This will help you identify how much you can afford. (if you find a good agent, they will bring you the rest of the team you need. If not, find a new one)

3. start analyzing. Ill DM you the spreadsheet I use. I invest in Denver but spreadsheet works in all markets.

Baby action steps.

Best of luck.

My wife and I felt the same way as you did Maylin. That was 18 months ago, but we followed these steps and voila we have now been happily house hacking for 8 months.

1 Vote

Hello Nikita,

1. What do you want your strategy to be- house hack, rental property, fix and flip?

2. How involved do you want to be in the project? Are you trying to be involved in finding tenants and managing them? Do you want to have a property management company take care of that?

3.Where do you want to invest, if you do invest outside of the Bay? 100k could be one down payment for one property in an expensive market or it could be 3 to 4 down payments for cheaper houses in certain mid west markets.

4. What do you want your exit strategy to be in the future with this house(s)?

These will be some good questions to ask to further narrow down a more concise plan. Great work on getting the 100k saved up for this!

0 Votes

Come to beautiful Lakeland, it's right in between Orlando and Tampa. It is a very family orientated and quieter mid size city within range of Disney and the beaches.

1 Vote

Orlando, Florida

To be honest @Kyle Barnhart, most anywhere is good, you just need to make sure the numbers work out for your particular deal. More important than the location is if you have the team behind you when you are out of state. https://www.biggerpockets.com/...

1 Vote

Boise, Idaho

Just up north a lot of people have been investing in STR's on the space coast and Daytona Beach.

1 Vote

Miami, Florida

All Forum Posts by: Brandon P.

Brandon P. has started 16 posts and replied 232 times.

Post: Buying investment property

Post: To buy a fourplex or to not?

Post: Starting out - long distance investing

Post: What is the best place to start?

Post: Property Management Recommendations

Post: Analysis Paralysis... HELP

Post: New Investor with $100k cash to invest -

Post: Tips on moving to Orlando - first time home buyers

Post: LTR Out of State

Post: STR Investments in Miami Beach