All Forum Posts by: Brandon Walason

@Anthony Thompson Thanks for the insight Anthony! That certainly put things in perspective, and knowing the market hasn't changed much gives me more confidence. I will stick with my plan of a multi. That saved money each month should be a good boost to my investing endeavors. Thabks again, hope to see you at the RIREIG when the meetings resume!

Hello Everyone,

I took a hiatus from studying REI and from Biggerpockets, but I'm glad to say I am back and ready to go! My wife and I are currently going through the pre-approval process to buy our first property. We want to make our first purchase here in Rhode Island with REI in mind and make it serve as our first investment as well. Our goal is to house hack, but the multi-family market seems to be terrible right now. What would fellow RI investors suggest? Try to get into a multi and house hack, or buy a single with the intention on moving and renting it out? What has the market in RI been like for you, especially since the COVID outbreak? I want to enter property ownership in a way that helps set us up to start our REI business. Thank you!

I was just curious what other house flippers here on BP think of houses located on main roads? Are they still worth considering, or are they generally too hard to sell? There are promising looking properties in my area located on main roads and I don't want to just rule them out because of this. What are your thoughts?

@Jessica Zolotorofe Thanks for the advice! I really never thought of it that way, that does sound like a viable approach. 

Hello everyone. So I am planning to start my investing career using the fix and flip strategy, with the goal of building capital to buy and hold in the future. My question is, should I set up a LLC before I do my first deal? Or should I just get started and set up an entity later? What are your thoughts?

Thanks for this, I will certainly be using it as a guideline to writing my business plan!

Hello everyone! I've been on and off of this site for almost two years now due to distractions in my personal life, but I am set on making my first deal happen in 2017. I want to say hi and am looking to begin being an active member of the BP community. My goal is to focus on rehabs, so I look forward to networking with any investors who specialize in this strategy. Looking forward to meeting you!

Hey everyone, i recently came across a foreclosure that I feel has potential. As I'm new to REI, the thing I am most concerned about are the rehab estimates. I am familiar with the property, and know what it needs. Here are the main issues and some pictures of the property:

-Leak in bathroom ceiling, bathroom will most likely need remodel. 

-Full carpet upstairs and downstairs.

-New roof.

-Exterior needs a new paint job.

-Interior paint all around.

The property is listed for $116,500. My analysis estimates ARV at $151,000. I feel I would need to get the property for $80,000 - $90,000 to make a good profit after repairs. With these numbers, and the rehab estimate, does anyone have advice on if this is something I should pursue? Thanks in advance! Pictures down below.

Kitchen:

Dining Room:

Living Room:

Bathroom:

Basement Rooms:

Exterior:

@Jerrel Almeida nice man hope to see you there! @Paul Timmins thanks for all the info, i'll look into all of these resources and certainly will start attending the different REIA meetings.

Hey Anthony, I've been meaning to make it there for some time and this week I will be able to make it! Thursday night at 6 I will be there.