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All Forum Posts by: Chad J Abel

Chad J Abel has started 4 posts and replied 8 times.

Post: Looking for Help in Charleston?

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

Brad,

     I spoke with you last month about some investment opportunities. I will be in the Charleston area this weekend for a week looking at investments in the area. If you have time I would love to get together with you and talk real estate. I look forward to hopefully meeting you. Thanks in advance.

   V/R

    CJ

Post: Looking for best realtor in Portsmouth, RI

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

I will be relocating with my family to the Portsmouth, RI area toward the end of September. Can anyone recommend the best realtor in that area that I can speak with about a future home purchase? Thank you and good investing.

V/R

   C.J.

Post: Newbie investor to the rhode island area

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

Anthony,

Thank you very much for your advise and insight. I value your opinions and advise of the professionals such as yourself who have been doing this for a while. I absolutely plan to attend the RIREIG meetings when I get there. As a beginner I will probably look into finding a mentor in the area and learn as much as I can from them. I love the networking and meeting new people of like mind. I look forward to that coffee and conversation. Thanks again. your advise has been greatly helpful. I hope to meet you and your team in the following year. Thanks again.

Post: Newbie investor to the rhode island area

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

Lyndsey,

Good to meet you. I will be transferring to the Newport area for my last tour before I retire from the Navy. I'm working on getting my Real Estate investing business off the ground so I have something to walk into when I do retire. I'm planning on making real estate investing my full time business. My wife and I would like to start with single family rental properties to get passive income coming in. Not sure if we are going to use our VA loan just yet. we certainly have that option. It depends on the sale of our primary residence down here in Florida. I plan to get things going this time next year once we get moved and settled in. In the mean time I will be working on getting the business groundwork solid. we will be looking at both blue collar rentals and also play around with college rentals. I know they can be lucrative. I will also look into possibly getting my license while I'm at it. I appreciate your assistance an any advice you can provide. I would love to get together for coffee in about a year and introduce myself and talk business. Thanks again for the contact.

 V/R

   CJ

Post: Calculating an offer price

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

That's a big help. I appreciate the advice. thank you.

Post: Newbie investor to the rhode island area

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

Good afternoon. My name is CJ and I'm currently in the military in Florida. I'm going to be relocating to the Newport, Rhode Island area to retire. I plan to start investing in this area. Having never been to Rhode Island are there any suggestions on good market areas to get started in and maybe some areas to avoid? I appreciate any advise. Thank you.

Post: Calculating an offer price

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

Good Afternoon. My name is CJ and I'm a newbie investor. I have a question in regards to calculating an offer price. I have heard many times that a standard is 70% of ARV minus repair costs. obviously that percentage can vary depending on the situation, but my question is when figuring your offer price is the "repair cost estimate" subtracted from the 70% of ARV, deriving your total offer price? Can someone help me understand that a little better? I appreciate your advise. Thank you.

Post: New to investing in Florida

Chad J AbelPosted
  • Newport, RI
  • Posts 8
  • Votes 2

I am a military member nearing retirement and looking to begin real estate investing for the long term to create streams of income. I'm interested in multi family properties for their income potential. Once I have built a solid base of inventory I will explore flipping. But one step at a time for now. I'm passionately about real estate and want to learn all there is to know. Being military I'm very familiar with networking and look forward to networking here as well.