All Forum Posts by: Cynthia Veenendaal

I'm new to real estate investing and looking for a property to BRRR in Baldwin County, AL (with an all in investment budget of $100K). I'd love some advice from the community relative to areas/zip codes in which I should focus my search.

I live in CA now but expect to be moving to Baldwin County within the next 6 to 12 months. I have a CA r/e salespersons license and am currently in the process of filing for a reciprocal r/e salesperson license in AL. I don't have a current broker affiliation as I'm not active in any real estate profession. (I got my license 10 years ago to help my mom out for a brief period and just maintained it over the years for future options.) My AL reciprocal license will be issued as "inactive" as I'm not planning to work as a r/e agent or professional. I just figured - I got my license - might as well keep it. I'm not sure how my current CA and future AL licenses could/would/should come into play relative to any personal r/e purchases I make - so I'd appreciate any advice or insights on the subject. I mean who wouldn't want to receive a buyer's agent commission if it's an option right!? Particularly since we have a goal to BRRR 3 properties within the next 12 months.

I'm looking to network with other investors and partner with recommended financial, legal and property management professionals as well as wholesalers and contractors. Please comment below or message me with any advice or recommendations. My husband and I will be in the Mobile/Daphne area for three weeks from mid December 2020 through the first week of January 2021. I'm hoping to make some personal connections while we're in town. Look forward to hearing from my BP community. Thank you and God Bless.

@Samuel Kwak I'm in West Covina and am currently looking into inveating in AL. I love how specific your goals ate. I'm curious to see how you've advances in them since your original post.

@Jason Bott I'm a commercial insurance broker in CA and I'm seeing action taken on several fronts in attempts to prevent cancellations. On 3-18-20, the CA dept of insurance issued a notice requesting all insurance companies offer their policyholders at least 60 day grace periods to pay their premiums. We're also seeing companies who are taking additional measures like offering installment plans and even self-imposing moratoriums on non-payment cancellations. The situation is very dynamic right now and I can say that there's a real concerted effort to assist policyholders in maintaining their coverage. I would encourage all policyholders to be proactive and reach out to their brokers and/or carriers to see what premium relief is available to you. Your state's dept of insurance is also a great resource for you. In CA go to www. Insurance.ca.gov. Wishing you all the best!

@Katie Reborchick I'm from California, looking to purchase a few props to Brrr in the next 12 most with an eye towards relocating to Georgetown, TX in 18 months or so. I would love to connect with you. I need to establish a "boots on the ground" team and hoping you can help with contractor, lender, prop mgr referrals. Please PM me at your convenience. I'd like to get on your marketing list to hear about current and upcoming opportunities. Thanks much.

@John Morgan I'm a new investor, looking for my first BRRR property in Arlington TX. I'm actually in town now and would love it if you could share some insights into how you"re finding your properties and maybe give me some zip codes I should focus on. Would also apperciate a referral and to your contractor. My husband and I currently live in CA but are considering relocating to TX in the next few years. I sent you a request to connect. Hope to hear from you. Thanks.

@Anant Garg have you entered the DFW market since your 2019 post. I'm in CA and looking to invest in this area as well. Wondering if you have any advice or contacts that you wouldn't mind sharing? Please DM me if you have a moment. Thanks.

@Aaron Gordy

Hi Aaron. Thanks for the info. Right now I'm familiarizing myself with the various tax rates, crime rates, job markets and school districts in my areas of interest. All of which I believe are among the most germane factors when considering viable buy/hold investment properties; that is aside from the usual "numbers" to be considered of course. Please let me know if you think I'm overlooking anything; or overthinking as I have a tendency to do that. Thanks again!

@Justin Kane

Thanks for the insights. Dallas FW is on my radar.

@Ronald Rohde

Hi Ronald. I think we're on the same page ;) My gut has me leaning towards making the move to TX and occupying part of a multi-family property for at least a year - then renting it out. Thanks for chiming in.

@Laura Kayes

Thanks for your comments. There is indeed always another side of every coin.
@Laura Kayes