All Forum Posts by: Heidi Thompson

Congratulations!!! My husband and I are looking to do the same thing, however neither of us are contractors :-) that's great you have that skill. Do you mind sharing more of your journey? I've been so overloaded with info since starting with the BP community..should I do a STR, LTR, etc...seems STR are most profitable. Is that why you went with it? Also, did you do it all yourself using things like Airdna, or did you have a coach guide you? Thanks for the posting the numbers in the deal too, that was helpful!

If I had known then what I know now. I would have bought a duplex with an FHA loan, and house hacked(rent out part of property to pay off your mortgage). Seems a very consistent trend with alot of successful investors. Do it while you're young and don't have a family yet. Or at least when looking at properties, if not a duplex, consider its rentability. My first home was a 2 bed 1.5 bath. I never found a roommate because I didn't want to share a bathroom. If I had gone with the Floorplan with the 2 smaller bathrooms instead of large master, it would have increased may chances of renting it out while living there, and after I moved out.

start just absorbing info, keeping it organized and create flow charts for yourself. There was a podcast with a 22 year old college student that shared his journey. "From Doordash to 1.5 m" YouTube search and you will find. Good luck!

oops, I see there have been more posts...just so new to BP I missed them. Sorry about that

new to REI world. Just learned about Padsplit. Searched BP for a post on topic, and there was only 1 10 months ago. Does anyone have experience with it. 14% service fee...would that substitute for Prop Management fee, or do you still have to worry about tenants calling you for maintenance issues, etc. Do you put key locks on each bedroom to secure each individual tenants belongs? The site advertises prices/week. How much higher is vacancy allowance when running numbers? Just considering all options. Any insights are greatly appreciated.

Welcome, I just joined BP in May. I'm about half way through the BRRRR book too. Before that I read Rich Dad Poor Dad, and plan to keep reading..like Wealth Without Cash, ABCs of Real Estate investing. I also plan to attend the next available meet up. I Google searched and found 2 different groups in Orlando area, both offer a free first time guest pass. I'm sure you have something like that near you. Keep listening to podcasts like other suggested, and stay connected with the BP community by reading and responding to forum posts when you can. Good luck, if you have any questions or want to talk about something in the book, I'd be happy to have a book buddy hahaha. :-) good luck with your journey.

Congrats, I just recently joined myself! So far I have felt very welcomed, and grateful for all the knowledge people have been willing to share. I hope you have the same experience. Nick Thomas reached out to me, and he's in VA. He might be a good person to connect with too.

Thank you for asking this question. I am very new to the investment world, but in the little time I have spent in the BP community, I have continuously come across posts about Ohio being a great place to invest in for cashflow. I see you're in PA, is this the first time you are investing out of state? I live in Orlando, and can't seem to find cashflow near me, maybe I should consider Ohio like you =)

Quote from @Raymond J. Rodrigues:

Hi @Heidi Thompson, if you're looking to add an awesome agent to your team, I would reach out to @Judson Osbon! I've worked with him on a few transactions in the past! 

 Thank you so much for the referral! 

Ok that's really helpful thank you so much!

Quote from @Nick Thomas:

@Heidi Thompson glad to hear you’re getting started! I would say the area you want to invest in will determine if you have enough saved up. Where are you looking to buy?

Hi Nick, thanks for your response. I live in the central FL area, Sanford. I would like to invest around here because it's where i've lived my whole life and know the best areas. However, I also know the market is expensive. Hard to get a house priced low enough with the current interest rates to make a profit. Do you have any suggestions?