All Forum Posts by: Chris Shipman

Thanks @Aaron Montague those are some good ideas. Personally wouldn't work out for me having a wife and kid but the idea sounds good. I have heard a lot on the podcast on doing this idea with duplexes. Live in one rent the other, "live for free" idea. I will definitely look into all the ways to get into homes for low interest rates. Thanks for the advice.

I am new to the game and would like to get in to long term buy and hold properties to hopefully gain some decent cash flow. My biggest constraint as I am sure with most new investors is capital. It seems like with the fix and flip mentality investors would be more willing to throw money there due to the (hopefully) quick turn around. With buy and hold that does not seem to be the case. It seems to be until you have a couple (10+) houses under your control and then pulling equity off of them it is hard to raise large capital in order to pursue more properties. Are there any good blogs y'all have come across or just any advice you could give to the matter. Thanks

Chris

@Jeremy Zindel 

Thanks for the feedback I will definitely look into that. I know they had mentioned it a few times on the podcast but I will delve a little deeper into it.

I am currently a senior civil engineering student and once I graduate I would like to start REI, I would like to start out with SF homes and possibly getting into multi-family. I would like to start getting my "team" set up now so I can hit the ground running once I graduate. I have began going out and searching the internet for home prices and rental prices in my area (Denver area). My biggest constraint is capital which I am sure is a lot and this is my reasoning for waiting to start once I graduate. I figure a lender would be more willing to loan to someone with a full time job as opposed to a college kid. When it comes to buy and hold homes is it typically harder to find investors (non financial institutions) to work with you since they are not getting the quick and direct payout like with fix and flip? What are some of the ways to raise capital outside of taking out loans with a bank when trying to get into buy and hold properties?

Chris 

What a time to come in to the BP scene! I will see everyone there. 

Elizabeth,

How do you go about usin the VA Loan over and over again? From what I've read/heard you have to use it as your primary residence. Myself also being a veteran have the option to use VA but thought it was for personal use only? Are you able to reapplying for it everything your husband changes duty stations? @Elizabeth C.

Good Afternoon Everyone!

My name is Chris and I live in Denver, CO. I will be graduating college in the spring and I am wanting to get started in real estate investment for two reasons. First I feel that I am still young enough to be less conservative with retirement "money" and if I do lose it all I still have some time to recover. Secondly, when I do get an "adult" job I don't feel necessary to follow the norm and invest it in a 401k where I don't have too much input on how whether or not that money makes me more money in the long run! 

I have zero experience in the field except from what I hear them talk about on the pod cast but hope to learn a lot from everyone. After listening to the pod casts one of the thing I hear a lot is having an idea of what you want before you jump into the market. It seems like a good balance of rental homes (steady cash flow) and side projects like home flips and wholesale (one time cash flows) would be a decent way to earn supplemental income.

Well glad to be apart of the site now and hope to learn a lot and one day earn a coveted spot being interviewed by Brandon and Josh on the pod cast!

Chris