All Forum Posts by: Account Closed

Jonna,

We are definitely making the move and really excited to connect. We are thinking of buying a duplex right off the bat to owner occupy 1 side and rent the other and then we'd like to pretty quickly look at our other options to keep the ball rolling on other investments. We're  looking closer proximity to boise state ( we're  thinking the vacancy might be less but if you have other suggestions I'm all ears, any thoughts on the bench area or other good areas to look for multifamily? We're  making the move as early as mid november). We found a great duplex for 330 in the bench area that was 3bd 2.5 bath on both sides that looked great but we called and it's under contract so we're still hunting. 

Thanks so much!

Jenn

Really grateful for all the responses. We're  looking to purchase a duplex by boise state to live in half and rent the other side to start and then I think investigate land versus other investment deals . We have the capital and are anxious to get started but want to get all the info. We will def be attending the investment groups but if anyone knows of a duplex or if any of you have any suggestions I am all ears and would be entirely grateful. 

Jenn

Hello!

My husband and I are in the process of evaluating a job offer in Boise, ID  and we are trying to assess the market there. We have been successful flipping in northern CA and if we stayed here we were going to move into rentals and multi family but the market is so expensive right now. We know people in the Boise area who have been successful flipping in the <300K market which sounds great but we are not sure if we want to continue with the flipping  ( we have 2 small kids). Instead we were  wondering about doing more land purchasing and subdividing and taking this angle of investing or buy and hold but that doesn't seem like it would be as profitable there... I don't know. My husband is a civil engineer so he has a skill set that we think might be useful if we take that angle but it's just hard to tell what the market is like. Any thoughts or suggestions are appreciated.

Thank you in advance!

Jenn

I think a new group would be great. There is definitely  enough interest. Mastermind groups are always great

Fantastic! Thank you! The wheels are spinning fast haha. I appreciate the time you took to respond Al Williamson!

Hello BP pros

So I've posted on here a couple times in the past few weeks.  One of those posts was about gathering information on some of the areas my husband and I were considering re-locating to (i.e. Raleigh, Boise, NC, TX, FL). An update on that: finding PE water jobs out of state is proving extremely difficult despite concerted efforts. 

With that said, we are taking a closer look at the Sacramento area market just in case we stay. We want to be ready to pounce as soon as the opportunity arises so I have a few questions to pose:

1) I want to have a solid business plan in place before jumping into buying and holding. We've already got a list going of ideas and things we need to think about (i.e. legal structure (whether to put all houses under the same LLC or separate), setting up separate bank accounts for taxes, capx etc..., methods for tracking spending, lists of contractors, insurance, how tenants will pay us and how they will contacts us etc...) but any recommendations on books that outline a to do list prior to buying that first buy and hold? I want to make sure I am checking all the boxes. Does BP's book on rental property investing do this? My husband and I are not new to flipping but we are new to buying to hold-- we will probably do another live in flip ( because we are addicted to these) but our long-term goal is buy and holds.

2) Has anyone on here used a HELOC on their personal residence to do their first deal and if so are there any major drawbacks, limitations? We are interested in the BRRR method of investing so have become familiar with this but I wanted to gauge peoples reactions to financing your first deal like this by taking the HELOC out on your personal residence?

3) I think the answer to this is "yes" but ... is it wise to connect with a realtor to set up MLS alerts on the types of properties that we are looking for or should more of our efforts be in trying to connect with wholesalers or trying to find deals before they hit the market ? (we are starting to go to meetups because we know getting into a relationship with a wholesaler would be good but want to know if good deals can also be found on the MLS).

4) Anyone from the Sacramento area who can recommend investor friendly CPA, lawyer, realtors?  If not,  any suggestions on how to find these ( meetups are 1 way of course)? We know 1 or 2 realtors that do some investment sales but would like to connect with more.

Thank you in advance! We hope to make our first buy and hold purchase in the next 3-6 months latest. We are beyond ready to leap into this .

Jenn

There is a BP meetup listed on here for Sept in Rocklin but are there any other experienced/serious flippers, buy and hold investors, or wholesalers on here who can recommend a worthwhile meet up sooner? We've been to 2 or 3 and after 20 minutes we've left most of them because it has felt like a bunch of people trying to sell snake oil . There were also a lot of very new investors and very very few experienced investors--- are all group meetups like this?. We may be newer in the game ( on live in flip #2) but we've had a lot of success in our investments and consider ourselves well educated. It would be nice to connect with more experienced and serious Sacramento area investors . Suggestions on finding those connections/more mentors?

Jenn

Boston suburbs. Within 30-45 min radius. Went to school in RI and went to Boston a lot but not enough to know the market.  Price wise we just flipped a house that was in the 300s , put 40 k in and stand to make an 80k profit. We prefer near to citis and I already know MA has some amazing hospitals. Any advice is appreciated

I appreciate these thread responses. It's a bit of a waiting game on jobs right now but hopefully we will know very soon! We are fortunate to be in a position to move wherever at this point. Just wanting to get more aggressive with our investing in a more affordable locale.

Hello Bigger Pockets Pro's,

My Husband and I have been l doing live in flips in Northern CA for the past 4 years and have had a lot of success and would like to continue either flipping or start investing in buy and holds properties.  We are  currently debating a move to a more affordable market then our own and are looking in Boise ID, Raleigh- Durham NC, Austin, Tx, parts of Florida and parts of MA. I know that is a wide net that we are casting but we're willing to go to where the market is good and where we can find good jobs ( at least until we can make real estate 100% our business ). I am posting to get your thoughts on the areas I listed ( what the market is like, is  the area better for flipping, new construction, or buy and hold, if buy and hold is single residence or multi's better, other things to know about the areas-- we have done some research but you cant know everything). We are also open to other area suggestions ( only requirements are that we'd like to be within at most 30 min of a major city (within 30-45mins) and preferably near a teaching hospital or university since i work in healthcare). I know this is all pretty general but we wanted to throw it out there and see what people had to say. 

Thank you all in advance

Jennifer