All Forum Posts by: Grayson Spittel

@Pablo Espin I make it to them occasionally! I work a W2 and have 2 small children - I honestly find that since I don’t invest in the Raleigh/surrounding specific market, I’d much rather be at home playing with them! But in all seriousness, very useful to go to and hope we bump into each other sometime.

@Pablo Espin I feel as though what you are referencing something many investors feel, myself included. Once you get the first deal done, you realize it takes hard work, but it isn’t hard. However, personal capital is typically harder to come by after 1-2 deals. Based off only what you posted here, it may be time to switch to another approach to build up your capital. I know plenty of investors that use flips to fund their buy and holds, normally 2 flips for a buy and hold. Alternatively you mentioned partnering with private money - If you go that route I would reach out to a local attorney and have them provide you a copy of an Operating Agreement - use that to outline the roles and responsibilities you’ll have with someone, no matter their relation to you, so that you can avoid difficult situations in the future. I think, in my view, knowing I’ve experienced that same feeling recently of “what’s next?”, this is what separates great investors with true real estate wealth from secondary.

All the best!

@Sean McCarthy sure thing - always!

@Sean McCarthy out of state/area investing is as simple as setting up a good team to facilitate. I invest in Fayetteville but live north of Raleigh and until recently had never even been there. There are some amazing individuals who are much better at being a realtor or PM or contractor than I ever would be. You can do it!

@Ion M. Cerga absolutely, enough base hits and you have a great game. I’m a huge fan of the house hack, great job.

@Robert Shortsleeves heck yea man! Well said, it isn’t easy, but proof that so much of the deal can be made when you buy and that there’s always a way forward, just might involve getting creative.

Man, I wish I could be there! Let's catch up soon so I can hear about it, and next year I'll see you there. 

So glad that @Mike Dymski said that "breakeven is nowhere near the nightmare scenario", because that is a FACT every day of the week. BRRRRs are not a "flip" where you need to make your money on day one. I always say, everyone is looking for a "home run" or a "grand slam" with every deal, but a break even on day one, lessons and xp learned, new relationships formed, those things make this a solid double. You get enough of those and you're still driving in runs. 

@Ryan Casady I’ll be there - see ya then!

@Sean H. Hey - what I’ve heard from a few others I’ve spoken to is $10-$12 per acre per hunter if you have stands/proof of wildlife.