All Forum Posts by: Dawn Oree

I did it!!! I got the building under contract and its time to get the funding and start due diligence! It's HAPPENING!! I feel like two things at the same time... YAAAAAYYY 🎉😀💃🏾 and OH CRAP!!! 😱😱

Would you mind sharing with us what you mean by "building?"

I am in the process of purchasing a 7 unit apartment building.

2 Votes

Originally posted by @Nnabuenyi Anigbogu:

Congratulations. I know that feeling. Its crazy the amount of things you need to get done prior to closing. Dont worry you will own it soon enough and then its another o crap moment at that point. lol.

Good luck. Im sure it will all work out.

Thank you for the support. LOL! 😂😂😂 I can totally see how there will be another "Oh Crap!" moment on the other side of ownership. I'll say that one in tears probably. Watching my dreams come true is an amazing feeling. I'm excited and freaking out at the same time.

0 Votes

Originally posted by @Mitchlyn D.:

haha. Congratulations!

Thanks. :)

0 Votes

Originally posted by @Kevin Rodriues:

Congrats!

Thanks Kevin!

0 Votes

Originally posted by @Carlos Enriquez:

Congratulations! You made me lol with the oh crap sentiment. I've felt the same way and sometimes still do with a difficult tenant. You'll get a good referral for contractors here or in Craigslist or Angieslist. Good luck. Had to tell you that your post made my day!

Glad I made your day :) Thanks for the good luck wishes. I'm sure all is well - or it will be as soon as I feel more YAAAAAAAYYYYYY and less OH CRAP!!! (Hopefully that will be soon)

0 Votes

Originally posted by @Ron K.:

Dawn,

Congrats and good luck. But let me ask you why you want a good contractor but only a reasonably price inspector? Please don't skimp here, One missed defect by the cheap (new) inspector and you just might have your oh crap moment.

Hi Ron!

I didn't mean I wanted the inspector to be cheap or inexperienced. I actually thought that all inspectors are good. I guess I was wrong. 😳😳😳

I know that contractors can create a horrible issue for a project, so I meant someone that was reliable and does good work.

Thanks for the advice. I'll be sure to not skimp on the inspector!

1 Vote

Now I have Inspections, Contractors, Title Work, and ALL the rest of the stuff that goes along with getting to the closing in 28 days!! Anybody know a good contractor in San Diego? I also need to find a reasonably priced inspector.

17 Votes

Originally posted by @Justin R.:

Originally posted by @Dawn Oree:

Hello Everyone!

I've been a member of BP for a few years now because I love real estate, but I've never had the courage to try until now. I've been looking around and I found the PERFECT Opportunity for a first time investor. A 7 unit that needs repair, but has tenants already and is in a decent area. Now that I've found the place to purchase I'm not sure what to do next to line up financing for the purchase and rehab.

I plan to use it as income property, not a fix and flip. Is there a mentor out there willing to partner with a newbie and lend your expertise to make this become more than something just in my head and heart?

I want this. Now, what do I do next?

Is the property you're looking at in your local area? If not, it'd be best to share which city this is in so locals can chime in.

If this is in SD, there are a number of active multi-family buy-and-hold folks (myself included) active on BP who I'm sure would be willing to help make it happen for you.

And, to your question, your next step is to figure out how likely it is you can get it under contract - in the current market, it's common to waste time thinking about things that are off the market in no time or won't actually get under contract for whatever reason.

Yes it's in SD. I'm working on getting it under contract as we speak. Will follow up when I do.

0 Votes

@RafaelNorat

Thanks for the advice! I will!

0 Votes

Hi Jason,

The property is local to the area. I am working as we speak to get it under contract. I'll definitely connect with you for this and other properties.

0 Votes

All Forum Posts by: Dawn Oree

Dawn Oree has started 9 posts and replied 82 times.

Post: I GOT The Building Under Contract!!! YAAAAAYYY!!! Oh Crap!!!

Post: I GOT The Building Under Contract!!! YAAAAAYYY!!! Oh Crap!!!

Post: I GOT The Building Under Contract!!! YAAAAAYYY!!! Oh Crap!!!

Post: I GOT The Building Under Contract!!! YAAAAAYYY!!! Oh Crap!!!

Post: I GOT The Building Under Contract!!! YAAAAAYYY!!! Oh Crap!!!

Post: I GOT The Building Under Contract!!! YAAAAAYYY!!! Oh Crap!!!

Post: I GOT The Building Under Contract!!! YAAAAAYYY!!! Oh Crap!!!

Post: I Finally Have The Courage To Start Investing Found The Unit Need The $$

Post: I Finally Have The Courage To Start Investing Found The Unit Need The $$

Post: I Finally Have The Courage To Start Investing Found The Unit Need The $$