All Forum Posts by: Joe Caron

You might be able to sell to an investor who might take the tenant in place and they can renew the contract if they see fit 

@Brandon Brown Totally agree with @Lee Ripma. I would stay at your job and you could also leverage some of your co-workers as well on a flip. A side job on a weekend for cash always has interest, you already know what to except for a performance from your guys.  

Welcome @Hanif Lawal! It's awesome that you are starting out so young, already great so much advice.  

Definitely find a mentor, and I would like to add teach yourself a skill (so much on youtube) about social media marketing, excel/ google sheets, building a website, making effective youtube videos, etc.  You have an advantage with growing up on the internet, it will be way easier for you to be effective at these tasks and when you do find a mentor you offer value and it shows that you also have ambition.   

@Jay Hinrichs, when you mention the licensed duplex is she in the short term rental zone? 

@Jeff Bousquet its definitely stunning! Where are you located in RI?

Sure! @Russ Scheider here’s a couple, it needs a couple more nights and weekends but I’m happy to be at this point with it 

Thanks everyone! I'll be in contact for advise, I can use it!

Thanks @John Semanchuk, I still do. It was a huge renovation and most people don't believe me that it started out as a barn 

Hello fellow BPers!

I'd like to introduce myself, I'm Joe Caron, and I have been taken by the world of real estate!

Here's a little back story: I recently moved to the beautiful city of Charleston, SC (everyone is so nice down here!) and I came from a rural small town in Ct where I was a rental house crane operator.  Its a fulfilling job that has great benefits but, it also has its drawbacks being constricted to someone else's time schedule. And over time, I realized that I wasn't really truly happy grinding everyday to make someone else rich. I think that brings a lot of us here. During that period, I ended up buying a horse barn and converting it into a post and beam home. That has been one of the biggest lessons of my life, most of the work was done myself with the help and overwhelming support of my friends, family and extremely patient girlfriend. 

I first stumbled onto biggerpockets via their podcast. It was with @David Greene and his BRRRR strategy. I was in the crane and listening to his story and he was describing his frustrations which happened to be my frustrations! I have never heard or thought of anything like the BRRRR strategy, I was hooked. (If you see this David, thank you so much for giving a jump start in this direction) Since then I have immersed myself into multiple real estate books, many more podcasts, webinars, and attended some local REI club meetings.

I'm green as a pickle in the investing scene and also to Charleston, I'm here to network with people and help out where and when I can. After diving into this field, the practices of @Dave Van Horn really made sense with me.  I like his strategy of having access to equity in his properties and using that to fund notes while using private money to fund flips to double down on his net worth. (Thanks for the mindset strategy Dave!) I'm highly motivated and driven to learn more and use this knowledge to further my path and the paths of others. 

I have met so many great people playing in this arena and look forward to meeting many more! I appreciate taking your time to read this, safe ventures.

-Joe Caron