All Forum Posts by: Jesse Boren

@David Pere Thanks for the input! It's not that I'm opposed to the long distance reno, though I just figured it would take loads of contractors to do so and at some point it just doesn't become cost effective.  Am I wrong in this assumption?  Are you flying cross country to reno properties or hiring contractors?  How does that sort of operation look in your experience.  Love the site and Youtube channel by the way.  Been following for about a year now.  

@Jaron Walling So what would you suggest I do to get going? Is it a scenario where I just need to focus on one property and building momentum? It's the financing portion that is throwing me for a loop. Considering I can't do the BRRRR method because I'm not investing in the same tome that I live in, what would suggest I do?

Wow, there is a ton of good info here.  My problem is that I have a limited amount of money ($20k-$30k), or at least it seems that way to me.  It seems to me that I have a limited number of financing options and therefore would have to use all of my capital on a property that will generate limited cash flow and I wouldn't be able to recoup that money for roughly 4 to 5 years in which case I might be able to do something more lucrative with it.  The ultimate plan is to start buying up several properties at a much higher rate and hold. I'm just having trouble figuring out how I could make that happen at this time.

Is there any appetite to have another meet up after the pandemic? Or are they traditionally held on a regular basis?

@Matthew Irish-Jones, What does that safe first investment would look like to you?  Can you provide a little more fidelity on what that would look like for Doug considering his situation.  I'm in roughly the same boat.  Thank you in advance for your time and information.

Team,

I'm not sure how to ask this in one concise question so I may potentially have several follow up questions based on responses.

Considering I have $20k-$30k to start investing in real estate. The goal is to invest in as many properties as possible to build a portfolio to generate cash flows into the future (I realize I'm preaching to the choir here). I can't invest in rehab properties considering I'm dislocated from the area I would like to invest in. I am currently in Abilene, TX (military) looking to invest in my home town of Amarillo, TX. Therefore, and I realize that I am probably naive here, I would simply be buying investment properties and turning right around and renting them out. What are my options to start purchasing as many properties as possible as quickly as possible? Am I simply relegated to using conventional loans, recouping my initial investment 4 to 5 years down the road, buying another one, and continuing to operate on that sort of a cycle?

Thank you in advance for your time, attention, and information in advance.

Team,

I'm not sure how to ask this in one concise question so I may potentially have several follow up questions based on responses.

Considering I have $20k-$30k to start investing in real estate. The goal is to invest in as many properties as possible to build a portfolio to generate cash flows into the future (I realize I'm preaching to the choir here).  I can't invest in rehab properties considering I'm dislocated from the area I would like to invest in. I am currently in Abilene, TX (military) looking to invest in my home town of Amarillo, TX.  Therefore, and I realize that I am probably naive here, I would simply be buying investment properties and turning right around and renting them out.  What are my options to start purchasing as many properties as possible as quickly as possible?  Am I simply relegated to using conventional loans, recouping my initial investment 4 to 5 years down the road, buying another one, and continuing to operate on that sort of a cycle?

Thank you in advance for your time, attention, and information in advance.