All Forum Posts by: David Wolber

Hey all, this is going to be our first meet up and we're pretty excited to meet some new folks! 

@William Collins That is a FANTASTIC idea!!!  Do you have any experience working with AirBNB?  We've looked at using the service, but never being a part of it.  Any thoughts on distance to the beach threshold?  Groton is still a good 30min drive to the better RI beaches.

@Kai Kopsch Thanks!  I have stumbled upon the member success stories, and wow, what inspiration!!

@Rick Santasiere I would love to!  Buuuut...uhhh...i don't know how to PM you!  HAHAHAHA  I currently working on that.

@Donna Genovese Thanks!  Will DO!

@Kevin Hunter We are just diving into this crazy market.  It's interesting around the Groton area since we have the base and with EB building their work force it's all very exciting right now!  What did you like about the CT market? 

@Mark Nolan Thanks! We're learning that quickly. 

@Rick Santasiere Thanks!  We haven't been able to connect with too many REIs since our day JOBs are 2nd shift and evening get togethers never work for us unfortunately.

Good evening BP!! My wife and I are of course new to the REI world. I mean why else would I be posting in the "New Member Introductions" form?? HAHA We are not originally from New England, we are both Mid West transplants. Go Packers!

We currently have one commercial property that we've renovated for my wife's practice with a few offices that we still need to rent.  We also own our primary residence which I sorta house hacked for the first 3 years we lived there.

We have plans for purchasing 3-4 more properties in the next 5 years. We plan to buy, rehab and hold SFH or MFH for cash flow with an ultimate goal to have several mixed use units WAAAY down the road.

We both have JOBs and as of right now don't plan on doing this full time, but that will depend on how all this goes.

Joining BiggerPockers seemed like a no-brainer. I wish every decision in REI was that easy! I have been living on this site for the past couple months now reading and learning and finally decided to post an introduction here.

Thank you everyone in advance for all the information on this site, it really is an indespensible resource!

@Lue C. We have just closed on my first commercial property in August of last year.  The main difference we found is that you cannot use standard Fannie Mae forms for commercial closing.  All the paperwork has to be drafted by (in CT anyway) lawyers each time so the closing costs were a bit higher.  We were able to save a bit by having the credit union also use our lawyer to draft the paperwork up, but that might not always be the case.

Other than that, it was exactly the same process on our end as it was closing on our house.  A bit more paperwork and a few more people around the table was all the difference we noticed.

just a heads up, if it wasn't previously a mixed use property and you want to make it that, you will more than likely be required to sprinkler the 3 stories above due to the commercial space below.  This can eat into any sort of profit really quick if not planned.  Fire systems in my neck of the woods require their own supply from the water main.  I looked into this for a commercial building I just bought and digging out to the road for a new fire main water pipe cost almost as much as I paid for the place. :(

@Josh McKnight

@Daniel Hyman

That is good to know. I will definitely take a look into the Ink.  Thanks for the info!  It makes sense you could possibly transfer points because Chase also manages the Marriot card.