All Forum Posts by: Jessica Stevenson

@Murali Ponnaluri - I second @Ryan Weiss with Bluedoor Living! Give him a call if you haven't already :)

Hi @Peter Garfield - there's a couple meetups that have started in person again.  Most are listed in the Network > Events tab here on BP.  Are you looking to owner-occupy your investment property? 

Hi @Koen Ballantine , make sure to check the Network > Events tab here on BP and you'll find some local events that are meeting up in person.  Good luck, and see you around!

@Chris Perrin - Call Ace Title in Manchester.  They work with wholesalers all the time

I second what @Matt Herbert says!  Unless you have long-term relationships with contractors this plan may prove to be quite difficult given the current environment and high prices of materials.  Is this something you would plan to keep long-term?

In our state, LLC's are quite easy/quick to form online especially being single-member/member-managed. That being said, if you are just starting out in your real estate journey I would definitely take the time to chat with other investors in your area to see who they might recommend as an attorney. Having them answer some simple questions about LLC formation may be the beginning of an important (and hopefully long term) relationship. You want to make sure your asset is properly protected and once you know you did it right you can have confidence to do it again. Good luck!

Hi Cam - there's a lot to digest from this post, but I'll start off by saying you definitely have your 'why' nailed down. To want to provide for your dad while at the same time aiming to not be in the same situation as he is down the road is very pro-active of you.  You are certainly in the right place to learn how to use real estate as a vehicle to do that, but sometimes it is tough to get your family on board with your plan. I'm assuming you listen to the bp podcasts as well?  If you stumble across a good one that touches on a similar plan to what you are trying to accomplish, maybe see if your Dad would be willing to listen to it as well.  

Have you attended any networking events to start to develop relationships?  You will definitely be able to find investors who have already accomplished what you're trying to do, as well as lenders, attorneys, agents, etc that could all potentially help you get to where you need to go.  Many are virtual these days, but some are meeting up in person. Check the Network>Events tab for some options.

Do you have good relationships with any local realtors, including the one that is helping you to put in the offer?  Even if you are a realtor and still struggling with valuation, reach out to some colleagues to pick their brain.  Going more than 1.5 miles for an appropriate comp is fine, especially since this sounds like such a unique property.  Once you get some comps, adjust as necessary depending on if your area is more or less desirable.  Sounds like you're not afraid to set the standard in this neighborhood and give this home an amazing transformation - good luck!

Congrats!  Nice job not only sourcing the deal but also getting creative with financing. Sounds like a win-win for all parties.

Hi @Miranda Micire , If you're on Facebook there's a good group on there I can invite you to, it's all women landlords and investors, always tons of helpful information and tips.  Let me know if you might be interested and we can connect!