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All Forum Posts by: Jeffrey Townsend

Jeffrey Townsend has started 4 posts and replied 50 times.

Post: Kalamazoo Michigan network

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7
Hey Tion & Josia i am also in the Kalamazoo market. I attend those KAHRA meetings every last Tuesday of each month, 7pm @ Theo Stacy's on Portage Rd.

Post: Getting Started

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7

Welcome to the site! I'm also someone of rookie that has just gotten his feet wet. I plan on closing on my very first property in October in the Kalamazoo Area. Really exciting! Like everyone else has stated, use bigger pockets to gain all the knowledge you can take! Read Forums and listen to the podcasts, also try to find Local REI groups in area. Reading books has has helped me along the way. Not a fan of reading? Audio books are great! Just sit and listen. Best luck you to and your future investments.

Post: First Two Flips

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7

Great work Thomas! Great profit! Thanks for sharing! 

Post: Another "Quit My Job" Story

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7

Niiiice! congrats! I wish you the best!

Post: SFR or house-hacking with a duplex?

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7
Hello Amanda Pool . I too am in the similar similar situation. My plan is to go the Duplex route. Matter of fact me and my wife just looked at one yesterday. We want to find one that's FHA approved. That way we can do a smaller down payment. Then house hack right then. I first was too looking at SFH but then like you said most of your capital invested in one? But if you also need a place to stay because you want to avoid rent and at the same time start your REI journey I think duplex is great for the first investment.

Post: My First Rehab: A Duplex - Fixed, Refi'd and Rented !!

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7
Niiice! Glad to hear it worked out

Post: Got my first partnership

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7
Awesome Allison!

Post: Sold! House flip $83,000 in Profit

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7
Niiiice!!!! Congrats ! Thank you for sharing

Post: Currently looking for First Deal..

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7
Bigger Pockets Family! I'm currently looking for my first investment in real estate around the Kalamazoo, Michigan market. Kinda in a dilemma, I keep Changing my plans. I want my first investment to be a home I could purchase/ move in, and put sweat equity in it within 2 years so I can sell for a profit, not looking for a dump, but also nothing that fully updated. (Me being picky smh.) With me being owner occupied for the 2 years and selling I can take the profit and then use for buy and hold investments. Basically me having some cash on deck to get deals done.. Or should my first property be a buy and hold? And the next be the 2 year plan? I feel myself getting inpatient at times with not being able to find what I want. Am I being too picky? I've submitted a offer few weeks back on a HUD but that process can't be frustrating and I didn't get the deal. Looking for helpful hints, direction, words of encouragement from the BP family .. Thank you all

Post: Keeping all the profit.

Jeffrey TownsendPosted
  • Rental Property Investor
  • Kalamazoo, MI
  • Posts 51
  • Votes 7
BP family, If I was to purchase a home to eventually flip (house hack) how long would I need to live there in order to not get Tax's taken from the flip profit?