All Forum Posts by: Jamie Briscoe

@Rick Pozos Were you able to find these notes via communication directly with banking institutions or otherwise? I've heard little blips of note investing but it seems like a path that is not extremely popular, however, I have heard very positive stories from individuals who have successfully turned notes around for profit. The process seems challenging/muddled regarding how to actually focus on notes as an REI path, granted my investigation on the notes has been limited.

@Constance Chambers 64% is amazing! I am encouraging my siblings who will soon be university  grads to be extremely frugal; with no family, or huge loan balances, should be fairly easy to do comfortably. Although it’s not much by many terms, I'm hoping to reach 20-25% by the end of this year and move upward from there. Additional RE purchases should accelerate the rate over the next few years. 

@Nathan Hughes I’m just starting to listen to Choose Fi and to read through the many many articles on Mr. MM’s blog, and I am slowly catching up on the BP money podcast.  If you know of any others I should tune into on a regular basis as well, I am all ears! 

Hi Bigger Pockets Family!

I am relatively new "investor" who has been listening to Bigger Pockets pockets on the quest to bettering my personal finances. I am finally on track to close on my first SFH rental within the next two weeks! If you listen to the podcast, you've likely heard of Mr. Money Mustache who is featured on a new film detailing a couple's FIRE (Financial Independence Retire Early) journey.

As I start to explore “FIRE” and those who are on the path I decided to host a screening of the film, “Playing with FIRE” at The Neon in Dayton, OH and would like to share with the BP community for those who are also interested in the FI movement. Is anyone in the area currently combining FIRE techniques (accelerated saving, index fund investing, etc.) with RE investing simultaneously? How to you build RE funding into your budgets? 

There will be also Q&A session following, thus, comment if you are interested in sharing your journey to FIRE, RE investing, and/or the combination of! 

Best! 

Hi BP Fam! So I came across a nice little duplex in my area, a recent flip, decent rents at 1650, PP of 100K (nicest % I’ve seen in a while, considering the 1% rule). I immediately reached out to my agent asking to schedule (morning after it was listed), and was told they were entertaining two, and potentially a third offer by noon. Womp womp. As I was putting together a sight unseen offer, estimating expenses/vacancies %, I was informed they accepted another offer. Disappointing as it was...that was my first attempt at a sight unseen, that happened to be local. For local or long distance investors, do you have any strategies? It came to mind that your agent could request any documentation the owner has (rent roll/expense details/vacancy rate,etc.) to assist in decision making, but I assume some people may actually make offers only from pictures, purchase price, and rents. I’m curious as to anyone’s sight unseen analysis process, local or long distance.

@Jay Hinrichs Thanks Jay. Makes sense. I’ll note this one down to investigate further for future! 

@Account Closed Thanks for your note, have you had successful mailing? I’m narrowing my list currently so I’ll definitely provide updates if this strategy turns out positive. 

@Justin Beides Yes I'm new, hello! I recently attempted to purchase a condo that needed a bit of kitchen/bath Reno; I found HOA detail on the MLS and its usually include there's or Zillow by the way. Also even if not you can sometimes get lucky by searching for listings in the same area and the fees may be listed there as well. I am finding the 1-2% rule and 50% rule super useful to weed through potentials. And I recently heard a BP podcast about "leveraged price per square foot", don't know much about it but it sounded intriguing! Also thanks @Christopher Lee!