All Forum Posts by: Jake Charles

Hey BP friends. I'm a hardcore listener and fan of the podcast, I have listened to every episode and some multiple times. Thurdays never come soon enough, so I am always going back and listening to past shows trying to absorb more information each time. With almost 250 shows I thought I would share a few of my favorites, the ones that i felt I learned the most from or got a ton of inspiration from. I would also love to hear which ones impacted each one of you the most, then i can put them on my list to re-listen. Ill throw two out there: 108 with Grant Cardone, very motivating, fast pace, and entertaining show. And show 179 with Dale Hensel, I have probably listened to this one about 15 times, very interesting life story, tons of information on all kinds of REI, and incredibly inspirational how he never said "I dont know how to do that " and always found a way. so there are two of mine love to hear from you !

Thanks everyone for the interest/advice.

He gave me access to his profit & loss numbers for these buildings and everything seems to cash flow well. (I can  go into more detail with numbers if anyone is interested) 

What I would love to do is a house hack and move into one of the units and be the on site PM as well as the landlord.( I am a carpenter so I know I can add value to these buildings with my own sweat equity and handle any major repairs that may pop up)

There are also some other factors that can't be measured with numbers, He is where I want to be when I am his age. He has many more rental properties in the area and I could see him continuing to sell to me over time.He is also motivated to get out of the game and see his properties turned over to a younger/ energetic individual (Thats me)    He is also a good guy and could be that mentor that I am looking for.

The things that I am most concerned about are: Is this too large for my first deal? (Two buildings,6 units some of which are commercial)

What if I get stuck with a long vacancy and so on...    

Hello Bigger pockets world!

Let me start by saying I am not an english major (That's what my girlfriend does ) so there will be so errors in the post. please hang in there.

That being said... Let me tell you a little about myself. My name is Jake Charles, I live in a college town in rural Maine with a population of about 8,000. I grew up building houses with my father and have done everything from small repairs to whole construction of million dollar homes. A month ago I started listening to the BP pod cast and well I caught the real estate "Bug". I am now really want to apply what I know about homes to help me build a solid buy and hold portfolio.... And what do you know? a deal falls into my lap. A local landlord (Who had my father and I do some work to his properties) is looking to sell some of his building. He has been in the game a long time and is nearing retirement and is tired of dealing with the upkeep. 

Now before I ramble on and lose your interest (Not sure how much detail to get into this being my first forum post) I have used the BP Rental properties calc on this but me being new and this being a multiple building, multiple unit deal with both residential and commercial units my head is spinning. If anyone would be interested in helping my with my analysis that would be a huge help as I am starting to feel the creep of analysis paralysis setting in!     

Thanks Jake.