All Forum Posts by: Chris Adams

I found the meetup link under forums. Thanks for the tip! 

Hi David,

Just curious as to what this meetup is about. Feel free to reach me here or at (805)200 7661.

Hey BP,

My name is Chris and I'm new to REI. Looking to connect with some active investors in order to learn the ropes while providing as much value as I can. Whether it be wholesaling, flipping or buy and hold, I am eager to learn any and everything I can.

If you or someone you know could benefit from an eager newbie on the team, don’t hesitate to send me an email at [email protected] or contact me directly through BP. 

I look forward to any responses including advice.

Good hunting!

Hi Jason,

I am new to REI, and am looking for something like this to get my foot in the door and learn/meet investors. My number is 805-200-7661. Feel free to shoot me a text whenever you have time.

Chris Adams 

Hello bp, I am looking for investor friendly agents in Las Vegas and or Phoenix area. Looking to flip a property for up to 200k all in, all cash. Once the first is complete, my partner and I will be looking to do many more. Any help/suggestions are welcome and much appreciated. Hope to hear from you guys soon, looking to get this done asap.

Thanks everyone for your input, BP truly is an amazing resource. I haven't had access to a computer for a couple of days, and I gave up responding on my phone after two short responses as I couldn't tag or make multiple responses in one message…

@Maxwell Lee This is pretty much what i have been gathering online. I know a couple of people who deal in Tampa, and there seems to be a wide variety of prices/neighborhoods. Worth looking further into. Thanks for the info on the casinos, have you been to either/both?

@Ethan Lee It seems we have several things in common, you have just pulled the trigger already! Glad to hear you are enjoying yourself out there and finding success. The Jacksonville area seem to be making the most sense, and I completely agree with you on the idea of being close to a project, especially the first few. Were you investing in Fl while you were here? what type of investing do you do? Thanks for replying to my post!

@Rainiel De La Nuez I hear you, I'm in Ventura and that' s pretty much what prices are like here for 1bd apartments… Daytona was originally at the top of my list since it is near the water, seems to be a "fun" place to live, while still having a wide variety of neighborhoods. I didn't know Daytona also had so many  schools in the area, that's a definite plus. Now bear with  me if the answer seems obvious to you, but why would a "bedroom community" be a better environment to house hack then say, the bigger city itself? Airbnb is another idea, but i think I'm going to take the most conservative route possible to start, in order to minimize any future pain as much as possible ; ) 

@Michael Johnson Thanks for the quick location overview! It gives me a better idea.

@John Thedford That's one of my favorite real estate quotes, didn't know who it was from. Ill see if he's  ever in the area.

@Jessica Mendez The prices do seem on a lower scale in Jacksonville, add in the schools and it is a very attractive option. could you tell me more about you current deal?

Once again, thanks everyone for being active in sharing your knowledge and experience with me.

@Ethan Lee, it seems we have several things in common, you have just pulled the trigger already! Glad to hear you are enjoying yourself out there and finding success. The Jacksonville area seem to be making the most sense, and I completely agree with you on the idea of being close to a project, especially the first few...

Thanks for the reply Maxwell, I appreciate the Input. Orange park was definitely on my radar from doing some general searches online.

Hello BP, Since I first got interested in real estate investing, I have been fascinated by the idea of buying a triplex and living in one unit, paying the mortgage down with rents from the other two. Shortly after, Brandon termed this "house hacking." I've always known that when I finally did buy a multi family property, I wanted to live in and self manage in order to learn how things should be done before I delegate to anyone else. Having lived in Southern California as a poker dealer the past 5 years, this idea hasn't been a realistic one due to primarily tip based income (not much reported) and an extremely expensive market that is extremely tough to find cash flowing properties in. A couple months ago, after giving it much thought, I realized that there is nothing keeping me here. I am not married, no kids, and frankly the idea of changing scenery always excites me. After some research, I realized I could get a job at a number of casinos in Florida, where property can be had for much cheaper than here, while rents can still make them cash flow. The areas I am honing in on are Tampa, Fort Lauderdale, Daytona Beach, Jacksonville, and Fort Meyers, as they are all near casinos/tracks. I am hoping that anyone actively investing in these areas could give me their 2 cents. Or maybe someone out there has made this same move for these same reasons. I would love to hear from investors and agents/brokers alike, if anyone has input on where the best mf market would be from these areas. I will be taking a trip there in the next couple of months, and would love to connect with some people before hand. Thank you for taking the time to read this and I look forward to hearing from you! -Chris Adams

Hello everybody,

After a lot of reading and podcast listening, an opportunity may have arisen for me to purchase a friend's deceased grandfather's house from this friend's parents through owner financing. The house is worth about 370k, and I may Be able to to get it just under 300. The house is in a decent (c+) neighborhood, and is quite outdated inside as far as styling. Everything major in the house works, heating, plumbing... The owners are getting older and would not want to carry out a loan for too long, so my question is, how do i figure out what to do with this place. Quick fix and flip, or move into it, do what work I can, and have the rest done while there, or get it to rental ready status and rent it out for a while before doing a bigger rehab (addition) in the future when the market hopefully goes up...?

Also, how should i approach the sellers in terms of the deal. I am totally new at this and have no idea what "standard" numbers are for this kind of a deal, which would be 10-20% down with a certain monthly amount and balloon payment within about 5 years. Any and all information or comments are greatly appreciated, I will be speaking about this to some investors i know and hopefully a lawyer that I find. Thank you for your time guys, this community truly is amazing.

-Chris Adams