All Forum Posts by: Jennifer Slaughter

This attractive property is located in the Raleigh Springs

area of town. The exterior of the home will be updated by

replacing any loose boards and painting the homs in Farrell‐

Calhoun paint. Curb appeal will be increased by

landscaping the property. Inside, sheetrock will be

repaired and painted the same colors as the exterior of the

home‐ Farrell‐Calhoun’s “Urban Putty” for the walls, and

“Brilliant White” for trim. The HVAC system will be checked

to ensure working quality. All plumbing and electrical will

be checked and repaired as needed.

Please click on the link to view our offering memorandum:

https://sites.google.com/jameswachob.com/6625santaolinadrive/home

Hi @Andrew Ashby, I enjoyed reading your post, thanks for sharing. I also started investing while my husband was a Naval Officer and I was just sharing with another service member in another forum who was asking for advice about the VA loan.

We spent some time in Rhode Island at the War College but we were only there for a summer, I have heard the winters are brutal.  Congrats on making the big change and best of luck!

Hi @Shashank R., it's been years since I have lived in the Bay but my family is still there and I know it hasn't gotten any easier to break into the market as a buyer.

I live in Colorado and I invest out of state.  Whether you invest locally or out of state, do your research.  Local or not the most important information you are going to find (numbers, returns, DOMs, trends, appreciation, population growth, job diversity, etc.) is going to be from research, not by driving by houses so really the world is your oyster.  

My friend in Colorado just bought a place with the same company I invest with out of state for the same price range you're looking at.  If you're ready to get started but you're priced out of your market you can still get going if you know your criteria, do some research and find a team with a reputable track record.

I bought a house in this area this time last year and it has been performing very well!

Please click on the link to view our offering memorandum: 

https://sites.google.com/jameswachob.com/4353-tulane/home

Feel free reach out for more information!

This charming one-story home is located in the Whitehaven area of town! A brand new 30 year architectural shingle roof has been added to this home! All windows will be checked to ensure that they’re intact, with any glass being replaced if in poor condition. All trim and woodwork will be checked for rot, changed out, and painted. The exterior of the home is mostly brick veneer, that will be pressure washed to clean off any debris. The yard will be freshened up with landscaping, back shed repaired, and the fence repair. You will notice the home has a brand new HVAC system with cage! Inside, all sheet rock has been repaired or replaced, and the walls covered in a new coat of paint in Urban Putty. All plumbing and electrical will be checked, and replaced as needed. The floors have been refinished where existing hardwood was, and new tile and plank flooring elsewhere. Hardware package and deep clean complete the renovation of this home, and it’s camera, and rent ready! 

Great question. Be teachable and build relationships--both take time and humility (which isn't always fun) but I think those skills are so important in every aspect of life.

@Matt M., I finally met your brother in law last night and he was great.  I'm looking forward to working with him and thanks for the recommendation!

Hey @Brandon Cobb and welcome! If you're going to purchase an income property, make sure it will provide you an income.  Do you have software to analyze the property and when you analyze it do you factor in vacancy?  Also, once you build a portfolio, the more properties you have the less you will be impacted if you have to carry a vacancy on one of them, because you're still making an income on the other ones.

If you don't have much cash to get started, I would look for a property I could add value to.  One popular method that investors use to stretch cash is fixing up a place and then pulling their new equity out of the house to use as another  down payment. 

Have you read The Millionaire Real Estate Investor by Gary Keller, or The Book On Real Estate Investing by Brandon Turner? I think both of those would be helpful as you get closer to pulling the trigger.

This is awesome, thanks for sharing @Joshua D. happy birthday!

I agree with @Kyle Doney and @Will Barnard, it totally depends on all the other factors.  I know some investors use a percentage as a general rule of thumb but there is no way the same dollar amount would make sense for an 80k house versus an 800k house, it just depends on what your niche is.

@Josiah Cooper I might have missed it but what is your exit strategy-are you going to flip it or refi into a conventional mortgage or just use the heloc to finance?