Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Griffin Stephens

Griffin Stephens has started 5 posts and replied 9 times.

Originally posted by @James Mc Ree:

You will need to contact your local zoning office, if your land is zoned, to determine if it is a permitted use.  If permitted, zoning may have conditions for you to comply with such as setbacks.

Contact your local government otherwise to determine if there are any regulations you must follow.  You may need a building permit if only to put the units on a foundation and pave a driveway/parking lot to them, run power, etc.

 Awesome, thank you!

Hello, thanks for reading this post!

Id like to offer self storage units (pre-fabricated/standalone storage) to rent. I'd expect to have 5-20 units, would this be possible on a residential property?

Would I have to create a LLC or jump through some other legal/insurance hoops to be able to do this?

Does anyone have experience in renting out storage on their residential property? How do you do it? Was it worth it?

Again, thanks for taking the time to read this. All advice and suggestion are appreciated.


Hello,

I'm looking at getting licensed as a Real Estate Appraiser (in South Carolina) and I have a few questions. To preface, my ultimate appraisal goal is to graduate with a BS in Finance and get on with a commercial real estate appraisal firm post graduation.

1. I'm a full time student, is there a possibility to take classes for licensure while going to University? I.e. online courses and weekend courses.
2. Do I need a mentor to take classes for licensure or can I go ahead and pay out of pocket?
3. Have you ever heard of anyone doing appraisals while still in college? How did that work out for them?

I'd like to get to the point where I can work as an appraiser in the summer or at least knock out some preliminary appraiser education for some relevant experience.

Thanks for taking the time to read this!

Post: Identifying mentor oppurtunities

Griffin StephensPosted
  • Posts 9
  • Votes 0
Originally posted by @Tyler Jahnke:

@Griffin Stephens - Personally, I've found that it isn't necessarily about going out and finding that mentor.

It's about attending meetups routinely, hopping on the phone with experienced investors, building friendship-based relationships, thinking about others first, providing value, and it will come back to you in the long-run.

After a couple of years of this, you'll have dozens of friends you can call up anytime for advice.

-Tyler

 Awesome, thanks for your advice!

Post: Identifying mentor oppurtunities

Griffin StephensPosted
  • Posts 9
  • Votes 0
Originally posted by @Phillip Bradrick:

@Griffin Stephens The place I would start would be building relationships. Without a relationship there will be little opportunity to work/ mentor with someone. The local TREIA meetings are a good place to start. Since there are many people in your shoes you’ll have to set yourself apart by consistently attending and developing relationships over time.

I have been investing in real estate for several years and am happy to connect at one of the meetings.

Best wish!

 Thank you for your advice, attending TREIA meetings seems like it would be a great start for me.

Post: Identifying mentor oppurtunities

Griffin StephensPosted
  • Posts 9
  • Votes 0
Originally posted by @Tamara Deering:

@Griffin Stephens

I don't know, how can you add value to my business?  What can you do?  What do most of the people you admire on this forum dislike doing that you can take off their plate?  What are your skills and interests?  You say you would like to add value but you are asking people to tell you how, that is the opposite approach you should take.

You are a military veteran so you understand a command structure, working through red tape and perseverance, right? How do those traits relate to real estate investing? You could bird dog, cold call, canvas neighborhoods to find a potential deal to bring to someone.

You live in Raleigh NC, a real estate hot spot that is more affordable than a lot of markets, can you help someone from CA learn your local market?  Do you know where the next big thing is going to be?  You are a college student you have access to a large pool of renters, where do they want to live? How do they want to live? That information is invaluable to people trying to invest remotely.

I haven't even touched on what you are studying.  You have been researching real estate investment, package what you have going for you to meet the needs of investors and then offer it to them, without strings and see what comes of it.

Aside from that get a job in the industry, working for a construction company or a property management firm is a great way to get experience that will benefit you in the future.  So is working at a bank or hard money company, heck even selling cars would help.  It's all in the way that you look at it, everything can teach you something about where you want to go if you no where you are headed.

 Very eye-opening and informing, thank you for your response, I really appreciate it!

Post: Identifying mentor oppurtunities

Griffin StephensPosted
  • Posts 9
  • Votes 0

Hello, I am a 24-year-old military veteran and current college sophomore looking to identify potential mentor/internship opportunities. My question is this: How do I find these opportunities? 

Should I attend RE meetups and conferences? Call local RE investing firms? 

Successful investors: How could someone in my position provide value to you and your business? 

I live in Raleigh, NC if that helps at all.

Thank you for your time.

Post: Rehab Budget (basic question)

Griffin StephensPosted
  • Posts 9
  • Votes 0

This may be an obvious question, but, where does your rehab budget typically come from? A loan? Cash you already have on hand? Thanks.

Hello Everybody,

I plan on buying my first rental property within the next 3 years, however, I have no lines of credit. I am 24 years old, currently attending college after completing my Army contract. I'm waiting to buy my first property until I'm attending my desired 4 year University after transferring from community college. I'd like to start building credit now while I'm waiting to see which university I'll get into. Does anyone have any suggestions on how to establish credit safely/efficiently?

Thanks for you time