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All Forum Posts by: Devin James

Devin James has started 80 posts and replied 391 times.

Post: Introduction & Strategy Advice

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Hey Travis Whitfield,

I think Jared Hottle's advice is spot on. Keep that low interest rate for as long as you can. Rent out your current home and purchase a value add property to create some sweat equity.

Post: My FIRST investment

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Congrats Gavin Doyle, looking forward to hearing how it turns out!

Post: How do I succeed on my first house hacking property?

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Hey Jason Oliver,

That depends on what you define as "Succeed"

In my opinion, closing on your first deal is a success. But after closing is when the real work begins, and as every investor, you will fail during the journey.

Take action, fail, learn from your mistakes, stay consistent.

Post: Is Rich Dad Poor Dad Worth reading?

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Yes, changed my life. Not that my life was going down a negative path, but it opened up a new world that I never knew existed. 

Post: Wholesaling 159 Lots in SW Florida

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Hey Langston Grant,

I work with a group who does land development & home building and this may be perfect for us. Please send me info!

Post: How to start out in investing in real estate

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Hey Pedro Navarrete,

As Nathan Gesner mentioned, Meetups! This is your best bet to find a mentor in your area. Find some that interest you and consistently attend them. 

Post: When can I put under construction home for a rental?

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Hey Manav Wadhwa,

That is a question to ask the builder. Until you close, it is the builders property so you will need their permission to market/show the property.

Post: Stay in or back out?

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244
Quote from @Jillian Steelman:

Thanks for the insight! We are only into the property for $500 earnest money so no real loss there. This is a college town that rents well to both families and students. Obviously investors see this as a great investment as did I…hence all the new houses listed as rentals. Just got a little nervous that so many rentals all listed at the same time. I just have to remember I’m in this for the long haul..and I can always come down off the rent a little the first year to be competitive and get someone in to get it rolling. Thanks for the support 


 Hey Jillian Steelman

I say keep it, for the reasons you just stated. Also, as Nathan Harden mentioned, you have a 4/2, so you should be fine.

Post: Does Renovation Make Sense in this scenario?

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Hey Sheena Varghese,

Im with Jon Puente.

Option 1 will give a better initial cash on cash return. But option 2 seems like it will be a better ROI when accounting for value added, appreciation and the ease of selling in the future.

Post: Motivated post-college first time investor

Devin James
Pro Member
Posted
  • Developer
  • Orlando, FL
  • Posts 400
  • Votes 244

Hey Jackson O'Leary,

Your best bet would be to attend some local real estate investment meetups. You will be able to meet investors in your area who will be able to give you the best guidance. In the mean time, I recommend that you read all of the bigger pockets books and listen to as many of the podcasts as you can.

The community is here if you have any questions. Good Luck!!