All Forum Posts by: Gordon Campfield

@Khaled Morad you are the best! If anyone out there ever needs an amazing lender, give Khaled a call. The hardest working lender I know!!  Follow him on IG because he has very funny yet educational videos...and don't miss his monthly networking events.  We just went yesterday and made some great contacts. 

As far as the event, we look forward to meeting all of Tampa's investors, realtors, developers, etc.  It will be a great networking event, and we will be there to answer any real estate investing questions.  It will be a fun event with an open bar, brunch, giveaways, music & media.  See you there!

Gordon Campfield - JPC | Investments & Development

We are a development company seeking a reliable, reasonably-priced plumber in the Tampa/St Petersburg area. Must be able to show previous work/references. We have several job sites that need repairs for inspections. Please message me for details.

@Greg Scott, $30k for cabinets! Yikes!!! I'm sure it is a nationwide issue. We see our fair share of money going to the city as well.  Personally, the one that gets me is when one inspector says to do something to pass...so we do it exactly what they want....then the next inspector fails what we were just told to do.  

I work for JPC Real Estate Consulting, a Greater Tampa/St Petersburg development company.  Lately, I have been getting a lot of questions about city inspections, so I wanted to reach out to everyone on BP to see what issues flippers/remodelers are running into??   Go!! 

Hi Tammy! 

I just joined BiggerPockets and stumbled across your post. I think we are who you are looking for.  I work for JPC (JParker Capital) and we are an Investment | Development company. We have 19 active projects all over the Greater Tampa/South Tampa/St Petersburg area. We also do real estate consulting.  In a nutshell, we would run your projects for you from A-Z so you could be 100% passive, yet we would keep you informed as the projects progressed. We handle everything from connecting you with an optimal lender, interviewing/vetting contractors, handling project management, scheduling, payments, inspections...the list goes on and on.   If you would like we can set up a consultation to discuss it.  I sent you a direct message.  Look forward to speaking with you.

Hey Brian! 

Block is better for a lot of reasons (durable/disaster-proof, less maintenance, WDO & Termites) and wood is better because it is cheaper to build and easier if you wanted to make changes later.  Block does come with a high upfront cost, but in my opinion, for the difference, it is worth it, especially on a ground floor.  All new construction (decent anyway) is block at least on the 1st level.  

I work for JParker Capital (a development company) but we do retail jobs also.  I'd be interested to see the quotes.  Send me a message and I'm sure we can beat them, block or wood frame. 

@Doug Smith LOL! Unicorns are exactly right. Very hard, if not impossible to find.  Even if 3 jobs go well, they eventually seem to find a reason to get greedy or sloppy.   

#1 Underwriting - (like @Doug Smith said) That is where the money is made.  If you do not know whether what you are looking at is a good, great, grand slam, or bad deal....then you've lost already.  The purchase is where the money is made.

#2 Costs -  You have to know how much everything costs.  Home much does it cost to demo a kitchen? What's a fair price per sqft to install flooring? How much is it per sqft to paint a house? If you do not know, how do you know you are paying what you should?  For example, a house we are about to rehab, I had seven electrical quotes from $8k to $38k....crazy part, the $8k quote is way too high, so I will keep looking.  Imagine if we paid $38k.  

#3 Negotiations - Every bid, quote, purchase, and sale is a negotiation.  Master it. 

Hey Jimmy! 

Congrats on the pilot career and soon-to-be fiance! You're doing better than most 20-year-olds.  

To answer your question though, YES, it is ok to invest in real estate with debt.  As long as it is low-interest debt.  I would make the minimum payments and use your free money to buy real estate and grow your overall net worth.  

I do not however recommend you purchase a property, rehab it yourself and rent it two years later.  Probably for the same reason you would not recommend I fly myself to San Diego the next time I go there.  Basically, stick to earning income the way you know how and invest with a company like ours (JPC Real Estate Consulting) that does investing & development full-time.   This way your investments make the maximum return.  

Unfortunately, a lot of people try to become investors/developers part-time and find out the hard way it is competitive, time-consuming, and there is a steep learning curve.  

Send me a message if you want more info about real estate investing and I can explain in more detail.  

Hi Alexis!

Investing out of state is actually a great idea.  The problem lies in being able to run a project/flip from a different location.  The reality that most in this space do not talk about is the fact that there is a shape learning curve and most people do not understand how time-consuming the process is.  Statistically, most flippers do one project and never try again.  

If you want to do an STR out of state, I would recommend using a company like ours. We are developers (JPC Real Estate Consulting), located in Tampa, FL. We have been in business since 2013 and have done 50+ projects in the last 3 years alone. We have 19 active projects around Greater Tampa.

In a nutshell, we could help by doing hard work for you. We would set up a phone consultation to find out exactly what you were looking for, including budget, risk tolerance, goals, etc. Then we would find a distressed property (ensuring it has the potential for substantial forced equity), connect you with an optimal lender, interview/vet contractors, handle project management, scheduling, payments, inspections...the list goes on. Once complete we have lenders who handle the refi. We even have people that stage and manage your STR so you can stay 100% passive.

In the end, if it is about making the most profit, using a company to manage the project is how you do it.