All Forum Posts by: Devin P.

Still for sale?

Congrats Levi!

I too was attempting the 90 day challenge. My goal was the same, to invest in my first home. My BRRR strategy changed upon finding a flip property using a local realtor. We made our first offer being 7,000$ short of full asking price of a bank owned property and they came back at full price. It was hard to walk away from the offer, but I was very confident that more opportunities will arise. I'm kind of glad the offer wasn't accepted though. After the offer was made, the "oh sh*t I have no idea what I'm doing" moment occurred, and I started to panic. Our home appraisal for our HELOC should be ready any day now too, which it wasn't ready at the time we made the offer. We did force ourselves (My wife and I), do think about things we never thought about before. It was definitely a learning experience, and some motivation was lost after the counter-offer, but I am keeping my head in the game.

Thanks for the replies. I figured Newark would be very hard to search in. I currently live in Middletown and am also interested in properties here due to the school district. I’m basically open for anything at this point. I’m very hands on and have basically flipped my own home and planning on tapping in the equity with a HELOC. Just need some local knowledge to get my foot in the door. Some other questions is how are people finding housing? MLS, Craigslist, Auction websites, driving?

Hi Everyone, 

I am from New Castle County Delaware. I am currently looking for BRRR properties within my area. I'm interested in multi-family rentals or single family rentals within Newark, DE area for college student rentals. If anyone is in my area, would love to partner up with someone and could always use some mentor advice.

Also, was wondering if anyone had any valuable advice to first timer possibly buying a property without being able to ever set foot in it? Example, buying a rental across the country, and having rental management take care of business. I know this is done on a daily basis, but want some hard truth to if this would be a goal for someone with more experience than someone that has never done anything like this before. 

Appreciate any help.