All Forum Posts by: Cody Maheu

Here is the link to the meetup for tuesday!

 https://www.biggerpockets.com/... 

Looking forward to seeing y'all there!

@Elizabeth Compton Hey! My partners and I are starting a virtual maine meetup starting next Tuesday. It'd be a great place to network. Let me know if you're interested!

@Jody Moscrip Will do! 

@Drew Moore

@Eddie Gonnella @Bethany Turon @Jason Kern @Alecia Loveless @Syed Zafar Hey as promised we are going to start our first virtual meetup next month. I'll be reaching out to everyone individually to obtain an email list where we will send out the zoom meeting and eventually letters of what we discussed during the meetings. I will also create a new thread on Biggerpockets the day of.

The virtual meet up will be at 7pm ET on the first Tuesday of each month. I apologize if that is late but since my partners and I work from 8-4 on PT, it is the earliest we can do without conflict. Please feel free to DM me with suggestions as well. Thanks and look forward to seeing y'all there!

@Wes Short Thanks! We have definitely learned a lot from this first acquisition, so it'll make building that second team that much easier. Now it's back to the chalk board of location! 

@Drew Moore Thanks for the tip! One of the biggest things we learned during this run is that we want to have a property manager and realtor before beginning to vet properties. This way we don't just rely on one person's word and in the end the property manager is going to take care of it so it benefits them to vet properties correctly.  As we've been interviewing properties managers we are getting insight that our property isn't in the best part of town unfortunately, so we definitely want to fine tune the process for that not to happen again. Right now we haven't made any contacts on the contracting side but hopefully our PM will fill that gap and as time goes on we will build a bigger web.

Thanks, I'll add those areas to my listings to see if theres anything exciting that pops up. Good luck with the new venture! I'll be sending out logistics for the virtual meetup later next week, so you can expect a direct message from me.

As the title suggests, I'm curious of BiggerPockets thoughts of confining in one geographic location or branching out into multiple areas.

Let me unpack our situation. Currently I work with 2 other investors and we just bought our first out of state duplex in Maine! We still have funds to look into our next asset but it seems there isn't too many deals in our market (or our network isn't too big yet). We are building processes to build teams effectively and we have learned a lot from acquiring this first duplex. We have got our process down with our realtor and what we expect. We are just wrapping up our property management interviews and will building a pipeline for our team to work together. While all that is in the works, we want to extend our network so we will be starting a virtual meetup in Maine next month as well.

With all that being said, what do you guys think about branching out into another area so we have a bigger pool to choose from? We just purchased our first duplex this month so should we wait to see how this goes and scan the area for the next few months or should we take this time to build a second team while still analyzing deals in Maine? I believe we can strengthen relationships by building up our portfolio in Maine but we can also jumpstart our wealth by getting more deals with an extended web. What do y'all think?

@Syed Zafar Nice, I grew up in Bidfid. I'll be sending out direct messages next week with logistics. 

@Alecia Loveless With your vote, I think we have enough attention to start one up next month. I'll be sending out a message next week with logistics!