All Forum Posts by: James Solis

 That's a great idea. Youre absolutely right - it would be difficult to navigate credit/privacy/housing laws state by state.

Also probably wouldnt be able to report social media accounts based on accusations or posts... and I think a lot of the issues would come down to finger pointing.

I suppose something similar to this exists and meets all requirements - evictions on credit reports. ha.

 What date is it rescheduled for?

 I've seen some investors mention they built their own software for that - and it makes sense when you're running crews and doing many projects. Definitely would need to know more about the process and what's expected.

Possibly templatizing this and follow up with metrics would be awesome.

Thanks for pitching in - definitely something to think about.

Hi All,

Noob question here but hey - going to ask anyway.

I've noticed a lot of the RE apps like trulia, realtor, etc took away crime information. This is obviously important on trying to learn about areas you're unfamiliar with, and useful for being able to help grade the neighborhood.

Whats the best RE mapping software that cleanly/simply provides housing data and additional data like school rank, demographics, crime, etc. Are there any that you would recommend are simple? Free? Paid?

Or if it's the main ones like zillow, realtor, etc, which ones do you use and for what reasons?

Thanks in advance,

James

Hi BP Fam,

As I'm starting to transition into REI, I can't help but to also think of ways I can use my certain set of skills to help the space solve problems.

In my day job I'm a fractional CTO/COO and service a handful of ecommerce clients... I also own a small agency that helps with front end site development and cofounded an app that has 250 paid customers.

I'm looking for any opportunity to solve any major pain points in this space using software. I'm not experienced enough yet to know what those are, so I'm hoping others can help contribute any ideas so that I can potentially make life easier!

Ive seen a number of tech in the space already, that revolve around:

real estate specific CRMs

Property Management Softwares

auto dialers

self storage automation 

Any ideas would be helpful.

Thanks,

James

 Looking into these this week. 

My concern with this type of OOS investing is that I don't have any attachment to these areas (no plan to live or family members) and while I understand investing is simply investing, apart of me feels that I should probably consider investing in areas I'm interested in personally.

Am I incorrect to think this way? I'm thinking bigger picture - regardless if better deals exist elsewhere.

Analysis paralysis perhaps. Still looking into these areas however, thanks for recommending them.

This is all great stuff, and I appreciate all of the advice you all have given.

@Dan H. I hear ya, thanks for that.

@Stephen Brown any recommended markets to look into?

@Marc RiceThis sounds like the best way to go.

@Blake Park any recs on where to look? 

@Remington Lyman tons of people here from Ohio! 

Hey Connor,

I would reach out with the Section 8 housing office you may have in your local city. I've dealt with good and bad tenants with or without section 8 benefits. 

What you have on your end is that the tenant has to continue to pay their portion or they can risk losing the city/state paying the other portion of rent. It's usually not a risk they are willing to take, so I haven't had any issues not collecting their portion (eventually).

I got in close with my section 8 account manager - she was very kind and we were very honest with one another. If any issues came up, I would talk to the tenant first and if it wasn't handled, I would speak to the account manager. It turned into a good stream of potential candidates as I found government funding to be more stable/predictable than some of my regular tenants.

But moving forward, always do your due diligence with potential renters and listen to your gut on who you think may be the best fit for your property.

Hopefully that helps ease your mind a bit. GL!

Hi All,

I was living abroad Pre-Covid as a Nomad and moved back to the US (after 5 years abroad). Over the past year I've settled back down in my hometown in San Diego and have a child on the way. I currently work online as an agency owner but want to start transitioning into Real Estate as an investor. I have experience as a property manager from 2008-2013.

My concern about investing locally is that it's so expensive here in San Diego. I've had my eye on parts of Washington and Florida as a place to start the journey. 

If you were in my position:

• early 30's with a child on the way
• $125K allotted for REI
• living in San Diego
  

With so many options - House Hacking, BRRR, Flipping, Wholesaling - what would you do?

Also troubled with deciding to invest in San Diego (expensive) or to invest in different states that I have some attachment to.

Any tips/advice is welcome.