All Forum Posts by: Ernest Grindle

@Jason Sulcer Nice job getting your Air BNB. That's great you are able to get it to cash flow at a $420K acquisition cost. Are you thinking about doing any more?

@Zachary Zinn I wholesale in Hampton Roads. I'll PM you for some more info on what you're looking for.

This is a great meetup. I used to attend regularly before my work schedule changed. Highly recommended for anyone wanting to learn wholesaling or take their current wholesaling business to the next level. Shawn is also just a great person you can learn a lot from.

Hello Jason, where in Hampton Roads are you? There are two local REIAs...Tidewater Real Estate Investor Group (TRIG) trigofva.com; and the Peninsula Real Estate Investors Association (PREIA) on meetup.com/va-preia/

@Marlon Thomas Hi Marlon. I love your motivation. I haven't developed raw land yet but I think flipping houses would give you some skills that would transfer to development. Getting permits, working with contractors, (and responding to code violations :p) are applicable to both. Finding an experienced developer to work with would be very important to get you on the right track with your first project.

@Ernest Grindle at 6:30 :)

@Tiffany Marsh January 15th. 5655 Greenwich Rd, Virginia Beach, VA 23462, USA

@Jesse Daconta I forgot to answer your second question. I look at the balance sheet, financial and population growth, revenue sources, top employers, development areas, and city projects. I'm trying to get a feel for if the city management has its act together and if the demographics and revenue trends can support the city management's plans. I'm sure more sophisticated people will get a lot more out of it, but I'm just trying to get a gut feeling for the city :)

@Jesse Daconta Yes the Comprehensive Annual Financial Report is a standard report and every city should have it available. There is also the Popular Annual Financial Report, which is smaller and more marketing than details. I recommend reading them both for any city you plan to invest in.

@Tiffany Marsh Hi Tiffany. Come to a TRIG meet up. You will meet lots of savvy investors.