All Forum Posts by: Jordan Archer

James,

I was having the same thoughts as you, and landed on 2 solutions:

1. What Lynn had said, which is to use wholesale/flipping capital to reinvest in your buy and hold venture.

2. Implement a marketting campaign that focusses on properties with equity, so you can negotiate seller financing.

I think being cleaver with your financing strategy is something that can make the difference between someone that aquires 5 houses over 10 years, and someone who aquires 50 houses over 10 years.

Hello BP,

I was wondering if there was anyone on here that's investing in Palm Beach County or Martin County, FL? I'm new to the area (and investing), and was wondering if there are any good monthly investors meetings to go to? I will be going to the West Palm Beach REIA this coming Thursday, but beyond that I would like to get a little more active in the community.

Thanks for the help!

Thanks for the responses everyone. The legal aspect was not something I had considered so I will make sure to investigate further.

Hello BP,

I'm new to the site, and as a matter of fact this will be my introductory post!
I'm very interested in RE, and wanted to start out by buying a duplex, so I could live in half and rent out the other. I'm currently under contract for a duplex at 175k, where the sellers have owned the home for a very long time, and are acutally selling the place for assisted living expenses. These people are 92! I guess I see this as an opportunity to do some repairs, and increase the rent amount. Maybe these people are just tired land lords, but I do know this was really the only rental they owned. I was just wondering if anyone on BP has had a similar experience with VERY OLD sellers, and what the outcome was?

thanks BP!

@David Paul, what types of properties are you investing in? I'm very new to the game, and was thinking about starting off with duplex's. However, I have noticed a pretty meager market. I guess I need to keep my eyes open for the type of properties that the market can support.