All Forum Posts by: Cody Gapol

Hello BP family!

I'm an aspiring investor looking to expand my knowledge and hopefully my REI network, and although this may be a long shot I figured there's nothing to lose and everything to gain. I'm located in the Tacoma, WA. area and looking for individuals of any REI experience level to link up with and just have conversation with. I believe there's much to learn from others and their experiences, not just in real estate, but life as well. Devoting my time to be able to converse on subjects and ask questions in a 1 on 1 environment to help build relationships and near future contacts/partners during my real estate investment journey.

Mahalo for taking the time to read my post and I am looking forward to having excellent conversation over some delicious food or a cup of coffee. 

As an aspiring investor, I've been looking for somewhere to link in with some experienced folks! You can count me in. 

I'm also a Oahu transplant, looking forward to meeting you.

Quote from @Eric Moehrle:

@Cody Gapol welcome to Biggerpockets! You have made a huge step that will hopefully separate you from the other 99%, realizing execution is the key. You are going to make mistakes on this journey you might as well accept that now. But if you can continuously take action and minimize those mistakes you can have a very lucrative future. I am a local agent and investor that personally focuses on buy and hold and helps clients do the same. I also specialize in helping clients with creative house hack solutions. There are a ton of different paths to go, so try to narrow your field of what you want to accomplish. Aim small miss small. Feel free to reach out if I can be of help.

Always looking to connect! Thank you for the words of wisdom and sharing your areas of expertise, actually my focus is on finding house hacking solutions which I believe will benefit me greatly as I jump around the country! It would be awesome to link up sometime and converse with someone who has lived through the experiences. 

Quote from @Jaron Walling:

Sell the property. No question. Buy something else that aligns with that investment knowledge! 

Thank you Jaron for the input, it definitely helped solidify my thought process on the situation! Hope to see great things come out of this outcome, God bless and take care. 

Quote from @Nathan Gesner:

It doesn't make sense as a rental. Your mortgage and taxes come to $2,341. I assume your insurance adds another $100 a month. Maintenance is probably low and capex savings could be put aside for a few years without much risk, but you have no money to set aside for vacancy. What if the market tanks and you suddenly can't sell? I know you think it won't happen, but there were tens of millions of people caught by surprise in 2008.

You have no wiggle room. I would sell the property, split the cash, and look for an investment that makes sense.

Thank you so much for the input, you're insight has definitely helped me set my decision to sell in concrete. Much Mahalo's Nathan! God bless!

Hello BP Ohana,

I'll be facing an issue here in the very near future and I really need some expert insight and advice on my best approach to the situation. I currently own a SFH (primary residence) with my soon to be Ex-wife in Hawaii, as we proceed with the divorce process I'll soon face the decision on either selling the home or attempt to buy her half out. Initially I 100% wanted to keep the home, although, after learning a bunch of methods and simple formulas to determine if its even worth keeping, my confidence substantially dropped. If anyone can assist I can provide additional information to aid in coming to a conclusion.

Primary Residence: Waianae, HI - 3 Bedroom, 2 Bathroom. 1,196 sq. ft. on a 4,210 sq. ft. lot (Recently Built in 2019)

(Purchased in July of 2020)

Remaining Mortgage: $468,546.00/$2,177.17mo (2.75%)

Est. Value: $620,000     Est. Rent: $2400.00

Property Tax: $1,972.00 (2021)

T.I.A.

Quote from @Kevin Scott:

Hey Cody,  I'm in pierce county and often help newer investors in our area, sometimes out of the area as well.  Depending on what route you go I usually help you save time and money. 

If you are just trying to get one deal I can lead you in the right direction and if you want to start flipping or wholesaling Ill help you cut through the stuff you do and don't need.  Keep your money for marketing instead of expensive tools that aren't needed in the beginning.  

Its a pleasure to meet ya Kevin. It would be awesome to bounce off my ideas and short term/long term goals with someone! 

Quote from @Greg R.:

Hey Cody,

First off, thanks for your service. You have one of the most (if not the most) powerful tools available in investing, your VA loan. My first deal was a duplex in San Diego w/ my VA loan. It cost me nothing to get into that place and it's been absolutely amazing. Over the years I've leveraged it for a ton of money (cash out) to buy other investments and am still cash flowing very strongly with a significant amount of equity.

Feel free to DM me, I am also a vet and have been in this game for about 12 years. Have had some amazing highs, and also some lows - learned a lot of lessons. 

Greg

Greg it's a pleasure to meet you! I would like to thank you for your service as well, it always nice to link up with fellow SM's past and present! I would love to hear about your experiences using the VA loan and how you utilized it for your goals. How is it in California? I've heard alot of things about the market there!

I am currently looking to free up my VA and selling my primary residence back in HI. With the equity I would have enough to place a down payment on a rental property here in WA, as well as using the newly freed up VA to start hunting down an additional MFH as well.

Hello everyone! My name is Cody and I currently live in Pierce County, WA. I am originally from Hawaii and an avid fisherman and hunter. This past decade I've been constantly on the move and jumping from state to state, as do all Active Duty Military. I experienced the good and the bad of what each state had to offer, and decided Real Estate would be a beneficial path for me during my military career and beyond. I've been interested in dabbling in the REI game for awhile now, educating myself with anything I could get my hands on, books, podcasts, youtube videos, and the occasional interaction with strangers. I believed educating myself on all things RE was the priority, and I did just that! I read book after book, listened to endless podcasts, and watched and re-watched videos engraving anything and everything I could into my brain. Although not wrong, I quickly realized I hadn't digested 1 big piece of advice I found in each and every source... EXECUTION! Although my grasp on concepts were getting better and more efficient I ended up at a plateau, somewhere where only hands on experience could help me break through. That's why I am here now, I finally decided to pull the trigger and just throw myself out there, hoping to network with people from all backgrounds, professions and experience levels.

The first stepping stone I needed was to find people that can share their knowledge, advice, and to help mentor me through the trials and tribulations of real estate. I figured what better place to start then the BiggerPockets family! I look forward to building relationships with each and every one of you, and hope to build a long term successful real estate portfolio like many of you already have. My head is always down and focused and my ears are always open, any advice sent my way will be meticulously analyzed. 

Thank you to those who took the time to read my little introduction and I look forward to starting this journey with BP in my corner.

Mahalo,

Cody G.