All Forum Posts by: Evan J.
Evan J. has started 15 posts and replied 65 times.
Post: Anyone moving their investments to Bitcoin?

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
Whether you're a crypto expert or don't understand it at all, Bitcoin is a speculative investment. It's real value lies in it's use as a transaction medium, not a store of value. Any price fluctuations are solely the result of speculative trading activity.
Therefore, if you want to buy bitcoin, the amount you allocate to it should be the portion of your portfolio that you would normally allocate to speculative investments. Which for many people is zero.
I do own bitcoin but it's a very small portion of my portfolio
Post: New BP investor from Stafford, VA

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
Hi @Mark Reed! I live in Fredericksburg and invest here and in the surrounding area, from Richmond all the way up to Northern Virginia. I'm also an agent and work with investor clients. Feel free to shoot me a message to chat sometime, I'm always looking to connect with other local investors.
Post: Secured Financing Needed

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
I am seeking first-position financing for a deal I have under contract. I need $45k for the acquisition and will pay rehab costs ($35-45k) myself. Property is currently assessed at $94k and target ARV is $160k
Preferred terms:
12-18 months, close within 30 days, private or hard money, secured by property, lump sum payment
Post: Dropping out of High School.

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
"I sit in school for 6-7 hours a day miserable, tired and annoyed."
I sit in my office for 10-12 hours a day, often doing things I don't want to do.
Bottom line, stay in school. Get a diploma. After that, it's up to you. I get where you're coming from--I absolutely hated school and dropped out of college to pursue entrepreneurship, but not finishing high school would have definitely been a mistake.
Post: Is there way too much encouragement of no money down investing?

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
What people don't understand is that "no money down" investing is simply for people who want to max out their leverage. Whether that's a good idea or not is a different discussion, but it's a legitimate strategy. An ideal no money down scenario:
1. I'm an experienced and investor who can effectively manage a deal
2. I have cash reserves in case this risky deal goes bad
3. I want to max out my leverage on this deal
Unfortunately, "no money down" attracts all the wrong kinds of people. These people hear:
1. I'm broke
2. I have bad credit
3. Because of 1. and 2. above I'm susceptible to get rich quick phenomena. I saw a meme that told me that J.O.B. stands for Just Over Broke, late night TV says I can make loads of money in real estate with no money down, #mindset #entrepreneur #hustle #WontStop #Freedom etc....you get the idea.
These people can invest in real estate too. The first step is to either save some money or work on their credit. But that's not what they want to hear.
Post: Anyone used Curbio to flip?!

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
From what I understand, Curbio completes projects and offers 100% financing until closing. I've heard they tend to be pricier than their competitors, but have shorter timelines due to the way they do project management.
It might make sense if paying a premium for faster project completion fits into your business model.
Post: What to look for in a realtor

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
In this area and that market segment, if you have 70 DOM with only 2 showings that is likely indicative of serious mispricing.
I agree the marketing is crap, although pricing may be a bigger problem.
Post: New guy from Fredericksburg, VA

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
Welcome, Samire! I'm also based in Fredericksburg and invest in several local markets. I hope to see you around sometime, and feel free to drop me a line if I can help in any way!
Post: Is 2019 a good year to invest in real estate?

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
Yes. Stop trying to time the market; rather:
1. Buy all markets
2. Buy the most suitable deals for each market.
Post: Looking to buy my first rental in or around Fredericksburg VA.

- Specialist
- Fredericksburg, VA
- Posts 69
- Votes 19
Hey Stefan, I'm based in Fredericksburg and invest here as well as in other nearby markets. I'm always looking to network with other investors and I'd love to chat with you about your goals--feel free to drop me a line anytime.