All Forum Posts by: Ethan Wolff

Hey @Ethan Wolff! I'd love to hear more about what you've got going on down in AZ. I pretty new myself - one rental in Pensacola, FL and a second in Grand Rapids, MI that I snagged last month actually. BP has been an awesome resource for me, both knowledge wise and getting connected with some solid folks that have made the process much more smooth than it would have been otherwise. Let me know if there is any way I can help.

David

Hi David!

Congrats on the newly acquired rental! That's exciting. I don't have much going on in Tucson at the moment, but I guess that's why I'm here on BP, haha. I plan to post regular updates on my progress, so keep in touch!

-Ethan

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Originally posted by @Alaska Wagoner:

Hey @Ethan Wolff, Welcome! I'm relatively new as well. Sounds like you already have some good energy going. I second what @Patrick Allen said, the next step is definitely meeting in real life. There's nothing that motivates like your friend closing on a house between one meeting and the next!

Was the REO going to be a flip, or what was the plan with that?

Hi Alaska,

Thank you! The plan for the REO was going to be a "Contractor Special". I'm not sure if you have experience with tax liens or tax deeds, but Michigan is a tax deed state. After a property owner is delinquent on property taxes longer than 3 years, the county takes control of the property. They then issue a tax deed on the property at a fraction of the properties value. I was going to sell it for 3-5K above buying price (which was still about 30% below market value) for a 50% profit. My partner in the deal, who was my lender, had to back out for personal reasons. It was a great learning experience though!

What have you had going on for yourself?

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Thank you @Andrew Syrios!

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Originally posted by @Patrick Allen @Patrick Allen:

Originally posted by @Ethan Wolff:

My short term goal currently is to find a mentor in the area that I can meet with and learn as much as I can from. I look forward to meeting all of you!

-Ethan

If you're in the "find a mentor who knows everything and build value for them anyway I can think to" camp, come to the AZREIA meeting and announce your intentions as such: if you actually mean it, you'll leave with several options.

If you consider yourself a beginner investor, or would like to network with a few people who do, feel free to also pop by the regular meetup I facilitate on the first Tuesday of every month. More info can be found in the BP Marketplace, as the mods want to keep advertisements out of the general forums.

Hope to see you around town!

Hi Patrick, I looked up AZREIA a couple days ago. They sound like a solid group. I sent you a PM and I look forward to speaking with you soon!

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Originally posted by @Scott Matthew C.:

@Ethan Wolff Great to have you here on BP! Do you want to branch out to Michigan? From the read, it sounds like you want to stay invested in your home state?

Hi @Scott Matthew C., I'm going to focus on Tucson for the time being.

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Hello Everybody,

I'm Ethan, I'm 27 and I am relatively new to REI. I have helped with a fix and flip here in Tucson, almost bought a REO in Michigan, bought some tax liens in Apache County, AZ and have done a lot of reading on all things real estate. My brother and his wife just bought their first home. I may have an opportunity to work with them on a rehab there. My mom has a lot of equity built up in my old childhood home, so that's an opportunity I'm excited to explore. I have a buddy that is an agent so I'm trying to work with him to be able to gain MLS access as an unlicensed assistant.

My short term goal currently is to find a mentor in the area that I can meet with and learn as much as I can from. I look forward to meeting all of you!

-Ethan

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All Forum Posts by: Ethan Wolff

Ethan Wolff has started 1 posts and replied 7 times.

Post: Newbie from Tucson, AZ

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