All Forum Posts by: Carson Sweezy

Awesome, thanks @Christina R.. This group looks great!

Hey @Christina R. would you mind pointing me in the direction of the BWI meetup? I've been attending a great group in Fairfax, but looking to meetup more than once a month. Thank you!

There are some good looking ones there, I commented on several. Good Luck.

Hey Dylan, 

I'm new myself but here's what I would do. Rent it out if you can produce cash flow. Use it as a learning device, teaching you how to manage tenants. Find a quality contractor, and use it for experience in managing a contractor. You're getting a property at a reduced rate so make your mistakes now. 

-Carson

P.S. The forum is so vast, it probably got lost in the unanswered pile. I suggest adding a photo, people are more willing to respond to a face than a gray blob. 

You would have to do some more research on that, but I would live in it and rent the extra rooms if possible. Check out house hacking. 

Chris,

Your expertise in law will prove invaluable I am sure. Good luck to you, and welcome to the site. I have found this to be an amazing community, eager to connect, share, and learn. 

See you around!

Congrats on making the first move Dave and Carmen! Good luck to you in future dealings. 

Go to the REI meetings! I have always been the youngest at any REI meeting I've gone to. The professional members respect someone young having the interest, drive, and passion to pursue something at a young age. It would be a great place for you to find a possible internship, and at the very least pointers on how to set yourself up for a successful investing career.

As I read @Ned Carey recently post, "any fool can learn from their own mistakes, but it takes a brilliant person to learn from the mistakes of others."

Learn from their mistakes.Reach out online, and in person. 

Stay thirsty my friend, keep learning. 

-Carson

I think what Michael was referring to was finding comparable properties that are for rent, and asking them how much they are renting for. 

I would like to hear more about your strategy though, John. Are you suggesting that by requiring an estoppel, that if rent is not what the seller admits it to be, their is a breach in the contract? 

@Account Closed alluded to, if housing prices decline, and rent becomes more expensive than to own, which it is in a lot of areas, then won't rent amount decline? If I was cash flowing $200 a month, but rent drops $200 over time, then I'm breaking even. 

Maybe I am trying to plan for something that is impossible to predict. Just trying to evaluate all possible scenarios.