All Forum Posts by: Jared Chenel

Hey everyone, I just wanted to ask a quick question on thoughts on how to find the owner of a home nearby me that is vacant. 

I checked the town's site and found the property's owner. For the last 2 years taxes have been owed on the home. I skip-traced the owner and found 2 possible numbers. The owner looks to be on the older side too according to the skip trace so I'm not sure what the status of the home is currently. I called them and wasn't able to leave a voicemail. I texted them so I'm waiting on a response now on that front. I also found 2 possible emails that ended up bouncing back when I reached out. I have a different address associated with the owner that I can send a letter too which is what I will probably do now.

I wanted to know if anyone has had any luck or has other suggestions on how to get in touch with an owner of a vacant home. 

Hey everyone!

My name is Jared and I'm from Derry, NH. I currently work in IT and I bought my first property, which I utilize as an Airbnb, last year beginning my real estate adventure which has been doing great! 

I'm truly wanting to pursue real estate as a replacement for my day job over the next 12 months. My intentions are to wholesale a few deals over the next 6 months or so to get my first multifamily to house-hack. I plan to focus on 2-4 door units thereafter for the following few homes and eventually get into smaller apartments. 

I've given it much thought and after being paralyzed by analysis paralysis, I have started taking steps to utilize wholesaling as a part of my strategy for real estate investing. I wanted to make a post here to try to connect with other local wholesalers or investors and maybe chat over the phone or meet up for a drink about what got you started, what sort of advice you could give, and what you have found success in this area. I'm tired of not taking action and staying within my comfort zone. There's no room for growth in that bubble, so DM me or let me know who's interested!

Quote from @Wale Lawal:

@Jared Chenel Welcome!

When it comes to connecting, joining events in your area is always a great way to start connecting with experts.

I also advise you to interview investor agents and find one that best meets your criteria. Investor- Agents have a better understanding of profitable locations and help you understand numbers. They also have connections to many other people that can help reach your goals.

Just so you know, I am an investor and agent in the Houston, Austin, and Dallas market. Feel free to read my bio and see if I would be the best fit for you. I would love to schedule a time to chat. Please message me if you are interested.

Best of Luck!

Hey Wale,

Thanks for the advice a d encouragement! Id love to chat and talk about any potential with working together to bring deals to each other! 

Quote from @Jeremy Nault:

Hi @Jared Chenel Congrats on deciding to jump into real estate.  Are you planning on investing and wholesaling in NH or Texas?  What is your investing goal?  Are you planning on focusing on Air BNB's?  

Hi Jeremy, 

Thanks!

I am planning on investing in buying and then short term renting in NH and am open to other markets for short term rentals. I am however planning on wholesaling out of state for various reasons pertaining to the market up here. 

My goals with investing are staggered with a 1, 3, and 5 year goal to start. To simplify it, my first year I am wanting to build capital to start fix and flips. From end of year one through three, I would like to build a rental portfolio built by the capital raised from the first year. Im still playing with numbers, but Id like to do this full time, so short term renting the properties would yield the greatest return and my area is actually really decent for STR’s. By year 5, Id like to start in new development focused on SFH and multifamily’s. 

If your looking for more of my vision and purpose, my purpose is to build generational wealth that will lay the foundation for my children and my children’s children. Not to go too deep, but I am a Christian and feel called to help fund the kingdom, so building up a business that will help others is a part of what I feel called to do. 

Quote from @Tyler McVety:

Hey Jared, great to see you here!  I would love to connect with you when you are available.  I am curious, why are you looking to start in Dallas, TX, instead of focusing on the New Hampshire area where you currently live and have an advantage?

Hey Tyler,

Thanks for reaching out! I’d love to chat with you too. My reason for looking out of state rather than locally is based on buyers desires. From talking with local agents and friends in real estate, out of state markets near bigger cities typically yield better results at lower out of pocket cost for the buyer. I could definitely focus on my local area first, but the inventory up here is a bit scarce along with those willing to buy. 

I hope this message finds all of you well! I just wanted to introduce myself. My name is Jared Chenel, I'm 25 years old, I live up in New Hampshire and I'm looking to break into the real estate industry starting with wholesaling.

I currently work in IT and most recently bought a home nearby that I currently rent out via Airbnb which gave me a taste of the potential for being financially independent. My ambitions are to build capital by wholesaling and work with other investors to eventually create my own property development and management company in order to build a foundation that will set my future family up for success. I'm very much a strategist and detail-oriented when it comes to my goals.

I'm very eager to connect with local investors, agents, and other wholesalers in the Dallas area and I would love to chat with you to see how you got your start and if you could share any advice and potentially partner on future deals that come my way. Shoot me a message! Hope to talk soon!

If a tax lien isn't paid by the current owner of a property and the owner of the tax lien certificate files for foreclosure, what happens next? 

It's my understanding that the property would then go to the courts to issue the tax deed foreclosure and then from there what happens? Does the owner of the tax lien certificate then have to bid on the foreclosed property? I've been trying to do research, but somethings contradict others.

I have watched some people explain it a few different ways and the simple explanation was you buy a tax lien, if it's unpaid, the tax lien cert. holder can file for forclosure and then they get the property. But that doesn't seem right?

Can someone explain the process to me?

I'm in New Hampshire if that matters. 

Are there any lendors that anyone has worked with that allow for the combined FHA with new construction for a 5% down payment that also allows you to be your own general contractor.

I am looking into building a AvrameUSA A-Frame home which are self-builder kits minus the other big things that I would contract out, but the various lenders require a general contractor that isn't affiliated with the project.

I was approved for the 5% on the loan amount I wanted, but the wrench was the general contractor.

I'm in New Hampshire

Thanks for the info! I'll keep that in mind :)

I'm considering buying a piece of land to hold for a few years in hopes of selling once it's appreciated to a certain point. My question is what are some strategies or resources to look at for checking a towns' appreciation of its land?

The state is New Hampshire and it's up near the white mountains.

Anything you can throw my way in terms of thoughts or resources is greatly appreciated!!