All Forum Posts by: Deneuve Brutus

Sorry about that @Patrick Shawn Faherty ,  it didn't dawn on me to add a link. Thanks for posting it.

@Patrick Shawn Faherty Event Created, thanks!

@John Ndiritu Event created, thanks!

Welcome back to our 2nd meeting! Hopefully you can make it. I would love to hear how we can improve and make this social worth your while. We have a projector! We will be doing a quick step-by-step guide on buying properties using self-directed IRA's.

This month is our first meeting! We invite everyone out to Highmark Brewery on Tuesday April 9th so we can discuss the local market, network, Q&A and add value to each others lives.

Great! Thanks @Patrick Shawn Faherty , I'll setup for Highmark Brewery, subject to change I'll go check it out today and make sure it is a good place where people can hang-out, connect, yet learn at the same time.

Hi all,

I'm looking to assist a Project Manager or Investor in rehab projects as an assistant preferably in the Fredericksburg, VA / Locust Grove, VA area. I want to learn more because I'm a visual and action oriented learner. I can read books and listen to podcasts all day, however unless I'm doing/taking action I won't learn a thing.

I'll also be starting a monthly meetup at a local bar there to socialize with like minded individuals, to discuss REI, learn, eventually bring in active professionals in the area for presentations, discussions, and QA.

Any and all advice would be appreciated if you know someone looking for some help managing their rehab, I'd love to reach out.

Hi @Benyam Ephrem,

I'm a Computer Engineer major from Florida State University. I work as a federal contractor to a company in Virginia currently as a Technical Team Lead/Sr. Software Engineer. To answer your question "should I start investing in the D.C Metro area and follow my plan of getting a rental senior year and then moving out?"

I'd say Do It! Buy a place and rent it out while your in college to live practically for free. You have your parents support. You are very mature, understanding, grateful, understand the situation which you are currently in, see an opportunity and willing to take action.

Here's my reasoning for saying - Do It:

I wish I knew about BP when I was in school. There was an apartment complex that was vacant, until my last year when it was rehabbed and rented out, full vacancy because it was directly across the street from main campus. I wanted to buy it, but hadn't a clue where to start, so I never did anything regrettably. As a CS major you are in HIGH demand, and will be for the next 15 years, what I mean by that is getting a conventional loan will never be an issue. By the time you graduate, you'll have a steady source of income, with tax benefits should you choose to take 6 months off and enjoy life before jumping into the 9-5 realm for the rest of your life.

Plus, as a student you have something most working professionals do not, TIME, use it to your advantage and learn as much as possible, via volunteering to help out an investor with a website or something else that adds value. If done properly you can have enough income to maintain a pretty good lifestyle while you shop for your dream job. 

Good Luck.

@Shawn Jetton

That is an excellent rehab! The full time job things is tough. I'd say take the time off, focus on family. You have their support and your already proving you can fix and flip.

Cash Flow depends on many variables, one in particular being how much equity you have in the property. I find the larger the down payment and greater the deal/discount on the property, the more you cash flow (for rentals). There are also things like repairs, but that depends on which strategy your following. I'm still learning but that is the conclusion I've come to.