All Forum Posts by: Dylan Shea

Hello all,

Really interested in meeting others who have taken this path and done so with a large or budding family. I have five kids and we've made some pretty big sacrifices to move towards financial freedom and full-time real estate investing (not there yet). I applaud all of you who have been able to get into REI as a single or couple, but would love to hear from anyone with a larger family and how you've done it. What was your strategy? What sacrifices have you made? I know it's possible as we're currently making it happen, but would love to learn more from others. Thanks and looking forward to connecting.

Interested in price point you're discussing - also size of the overall development. Say a 350k condo as part of a 15 unit development. What are you finding for amenities with the product you're looking at? I also think that beachfront is beachfront, and if the numbers pencil now, considering market conditions, it might be a good deal.

@Zachariah Hays - I think the group has pointed you in the right direction. I am 14 days away from completing a sale of a deal that was a pseudo house hack/BRRR/hybrid investing strategy. I bought a duplex with a 203k loan and used that to renovate the entire duplex. Then lived in that for 3 years, got a refi/heloc, and used the heloc based on the increase in value to do another property (that I'm also about to sell). I believe with interest rates so low right now, it would be a good time to refi and then do another duplex/BRRR project. With my duplex, I bought it for $172k, put about 85k into it with a construction to permanent 203k loan (total $257k). When I refi'd it appraised for about $465k, so I got a heloc for $100k and used that for the next project. It's now under contract for $515k. Granted my reno was extensive, which requires a partner/contractor and building plans and the whole 9 yards, but the deal was so good that my housing has been cost-free (for a family of 7) for the last several years.

I'd be open to helping start one if I could get some help. I'm juggling the completion of a few project out of town right now that is sucking all of my energy/time, but interested in building a network here with help. Let me know what you find.

John, would love to connect re: both SW Fl and BRRR. Let's chat soon.

- in SW Florida

I could really use some recommendations for GC/construction partners and architects if anyone has good suggestions.  

Greg,

I'm looking at ground up development of low to mid-rise product. I'm thinking in the range of 4-20 units specifically.  Basically infill where there are opportunities to create value by changing land use, combining parcels, ect. or simply taking advantage of undeveloped land. I'm just getting my thoughts together  -  what product type do you have exp with?

Good evening all,

   I'm an investor/builder/attorney - and looking to start conversations with people interested in, or who have been involved in, condo development. I know there is big money to be made, and I know I can put together the development team, but would LOVE any helpful introductions, advice, thoughts, etc. etc.