All Forum Posts by: Eric Stugart

Hi, I would like to get started investing next year and I think doing a partnership where I bring the money and my partner brings the experience would be best for me (being a limited partner).  Where would I look to find a partner to work with?  Any and all advice is appreciated.  Thank you.

Quote from @Account Closed:

I would advise you to network with experienced flippers thru REI clubs and Meetups to see the realities of what it takes to execute a flip successfully. It's not only the rehab but the ability to market and sell the property before the balloon payment comes due. Flipping sounds like the easiest entry into real estate investing but from what I have seen it has the most pitfalls for a new investor.

Thank you Chyson, I didn’t know that.  I will look for REI clubs and meet ups, do you have a recommendation on a good place to look?

Quote from @Jacob Sherman:

I would connect with a local realtor to get some opinions 

 Thank you Jacob, that’s a good idea.

Quote from @Account Closed:

Your investment objectives determine your loan type. Fix n flip is a quick turnaround interest only loan for a term of 6 to 24 months The BRRR method is used for buy, rehab, rent and repeat with a more conventional mortgage structure. Do you want to be a landlord investor? Or is the idea of a purchase to rehab and sell more appealing?

Thank you Chyson!  I haven’t done a deal yet so I was thinking that if I did a fix and flip first it would get my feet wet and I would get some experience and then I can move onto a BRRRR or becoming a landlord.  What are your thoughts?

@Adam Snow Hi Adam, so sorry for the late response but that sounds great!  Let’s connect!

Hi, I am interested in investing in the Bessemer area of Birmingham, AL and I was wondering if fix and flips or BRRRR's work there? Is that a high crime area?

Any and all advice is appreciated, thank you!

@Amy 

@Amy Pfaffman Hi Amy!  Thank you for replying! I am currently saving up to get into my first seller finance investment property from NJ, how long have you been investing in Birmingham?

Hi!  I am a newbie and looking to eventually get into the Birmingham market.  I am going to be practicing a lot of deal analysis and wanted to connect with someone investing in the Birmingham area please.  Is anybody willing to connect?

Can anybody please give me a brief overview or tell me where to find info on absentee owner laws in Huntsville AL?

Has anybody house hacked in Bergen County? I’ve lived in Bergen County my whole life and don’t want to leave but it seems hard to house hack there. What would you say is the best county to house hack in?