All Forum Posts by: Chad Gray

Hello, Waide and welcome to BP! My wife and I are new investors trying to get started in the Gadsden area. Good to see another local. Not sure how much help I can be, but if you have any questions feel free to reach out to me. I'll do all I can. 

@Brandi Wood, thanks for the heads up!

Hey, @James Wise and @Domingo Santana, thanks so much for the welcomes and contacts! Good luck to you guys as well.

Hey, everyone! I just got off the phone with an old acquaintance I haven't spoken to in years, but I remembered has a lot of rental property in my area. He has kindly agreed to let me stop by his office tomorrow and ask him about investing in buy-and-hold properties! I have a few questions in mind that I'll write down, but I wanted to see what the BP community would recommend since I'm VERY new to it all. 

What should I ask? 

What should I not ask? 

Any other tips? 

Humbly, 

Chad Gray

Hey, @Randall Burris. Thanks for the welcome!

Hey, @Michael Brown. Thanks for the contact! Good luck on the condo!

Chad

Hey, @Clayton Mobley. Thanks for the contact and the great info on helping me narrow my focus so I can spend time collecting the info I really need right now to get going! As of right now my wife and I are interested in flipping a few houses to help with some immediate cash flow, and so we can get an idea on how to estimate rehab costs when we move into buy-and-hold rentals. I like more of a hands on approach with the construction aspect, but not so much the management. So, we may very well look into the turnkey approach. I'll definitely let you know if we need more information on that front!

Thanks again!

Chad

@Paul Timmins

Awesome! Thank you so much for the advice! I'll for sure get the books and begin looking for some meetings. My wife and I are hopeful and ready to get going.

@Michael S., Thanks so much guys! I'm really looking forward to it.

Hey guys, my name is Chad Gray. I'm from Gadsden, Alabama (RTR!). My wife and I are new to investing in general and new to real estate specifically! We have purchased 2 homes for personal residence and are currently living in the second. We would like to begin investing in our future, and working toward financial freedom. We have come to see real estate as the best return on our long-term investment. We are interested in learning about fix-and-flips to help generate capital for buy-and-hold rentals. I envision having a company with two branches (flips & rentals).

The only debt we currently have is our home, but are still living paycheck-to-paycheck. I manage the family business owned by my father-in-law. It's a great job which affords me the flexibility I need for my family, it's just not growing. 

We have a little equity built up in this home which I believe could go into a HELOC for an initial investment. Any advice on what would be a good start is greatly appreciated.

I stumbled upon BP via a series of connected podcasts (long, cool story for later). I've learned a ton already (way more to come!) and don't want to get stuck in analysis paralysis!

Thanks so much in advance!

Chad Gray & Crew (wife & 3 awesome kiddos)