All Forum Posts by: Brandon Smeltzer

Welcome Tyler! Make sure you get some "boots on the ground." This is an amazing community. Slow and steady and you'll get your first property in no time!

Hey Jonathon! I really appreciate the reply! Which neighborhoods are you targeting for most of your flips and are you using a private lender?

Hey BP, would anyone know of an expert real estate agent who is also a buy and hold rental investor in the area? I'm also on the search for a real estate attorney and CPA. Thanks!

Stay strong, Tony! Just keep sending out a high quantity of letters! That 1% will pay off soon!

It seems like the prices that sellers expect from a duplex or triplex vary quite a bit. Are the comparable sales based on the number of rooms or simply the limited amount of sales of duplexes within the last two months?

Jack, Welcome to BP! This community is a phenomenal resource and guide. Make sure to calculate, calculate, calculate! I would recommend finding investor that emulates who you want to be in 1 year, buy him lunch and then set some ambitious goals for a successful trajectory! In terms of specifics, if there is a local market (say 1-2 hour drive) close to you with a market similar to the Midwest (ample low-priced SFH(single family homes), steady values, $1000 rent, start there, build your cash flow using a hard money lender(painful, but you'll learn faster) and buy the first one from a wholesaler(just a good starting point). You're on the right track, keep it steady!

Thanks Chris Mason ! The rocket metaphor also helped:)

Hi Chris Mason thanks for all of the info here. I realize that the OP might already know exactly what you mean in the footnote(labeled "1") concerning the timing of closing the refi then applying for the new property. But is there any way you could explain in a little more detail exactly why the timing is preferred for you as described above?

Thanks for the post, Jack. Fantastic info Rick Harmon !!

Hey, Fe. Welcome to BP! Everything you need as all right here. Good luck!