All Forum Posts by: Kai Blackman

Marlon welcome to the BP family.  I am a real estate investor~wholesaler and attend a weekly real estate investment club meet-up most Thursday's at noon in Broward.  If you have the time one Thursday, afternoon, I would like to invite you to as my guest.  Like BP,  the club consist of seasoned and newbie investors.  It's a great way to start to build your real estate network~make meaningful connections & possibly build your buyers list over time. 

On occasion, I also attend several other real estate investment club monthly meetings depending on the topic. Those meeting are usually held around 5:30 pm/6:00 pm-8:00 pm. In the past, if it's your first visit, you were allowed to attend for free.   Please feel free to contact me and let me know if your interested in attending and I'll forward the links.  I wish you much success with your real estate biz.

Sounds like a neg cashflow 'investment' to me, @Kai Blackman. For me a property must bring in at least 1% per month in gross rents and hopefully 1% of effective gross rents (after a 5% vacancy and 2% collection loss).  Different areas have different criteria.  1% works here in central WA, 2% or close to it in the midwest.  I wouldn't be doing price appreciation plays in this frothy market, personally. The music may stop and you won't have  a chair.  How long can you feed a negative cashflowing landlord headache? Hope that helps! 

It's a great time to look into real estate in FL.  One of my agents said that they are expecting TONS of foreclosures there. 

BP is a great place to start.  Read, Listen, Communicate and LEARN.  Don't be afraid to ask questions (even stupid ones). 

Here is a question for you... Why is now a good time to get into real estate for you?

Josh