All Forum Posts by: Julia Ann

@Jason G. Found your thread, thanks for this! I was also going to ask about the tenant information and whether that was in the data room they gave you access to for the property. I wonder if they provide credit check info, etc.? Can you have any direct contact with the tenant or do you have to go through your property manager? 

Also, how did you choose Excalibur? Was it because it was highly rated by Roofstock? 

Great thread, thanks so much for taking the time to put this together.

Hi Ken! I'm also a newbie in Boston, looking closely at Roofstock. Let me know if you'd like to get together sometime to compare notes.

@Amil D. I would think every other Friday off would solve a lot of possible problems with regards to when to conduct meetings! You have those early hours free too - like 

@Timothy Gleason said I think you're in a great spot. I don't have that kind of flexibility in my workday and wish I did!

@Jason G., did you buy a property through Roofstock?

I agree with @Hank Keller - have you thought about Airbnb instead of monthly vacation rentals? 

I am in the exact same boat. A newbie in Boston, where there certainly isn't much to choose from at all. Have found nothing that passes the 1% rule and therefore am considering out of state opportunities.

@Austin Fruechting Great advice!

As a newbie, I thought I'd chime in to let you know what took me so long to get to BP and interested in REI. I have a good job that I enjoy, and though I'm familiar with passive income podcasts and such I am not dying for another gig or to stop working right now. My life is pretty great!

I know no one who invests in real estate as a primary or secondary job. I know PLENTY of people who are underwater on their homes. My family members are not financial whiz kids to say the least. The most successful family members I have have just saved a lot of money and taken on minimal risk. Only one has purchased two vacation homes and has left them with no maintenance or upkeep for the last thirty years. They are now a headache and an expense to refurbish. I am not a handyperson by any means so rehabbing is out for me.

I am debt free except for my mortgage on my home, which is a two family (duplex) that I rent to a family member. So I have some extra cash that I would like to start putting to work somewhere that isn't a 401K. 

I initially found BP a couple months ago, if that, while researching Airbnb investing since I happened to meet someone who bought a place in a vacation area of New Hampshire and had a PM taking care of it for him. He was cash flowing a few hundred bucks a month, though I doubt he was taking capex and other expenses when telling me that figure. In any case it made me think hmmmm that sounds interesting. 

I'm looking to buy and hold and currently focusing on turnkey research but more than anything right now I'm looking to learn. I am spending time ordering books from the library, listening to BP podcasts and reading these forums to learn as much as possible. I understand the fear factor because it does seem like there's a ton to learn and I don't want to get into something without knowing what I'm doing, but a certain learning period is understandable. 

Had I not met that person that had that one investment property I may never have stumbled across BP. And honestly - I would have been OK had I not gotten into REI, I'm in an OK financial position. But I would like to diversify my investments and growth is always welcome, so here I am!

Sorry I missed this one, would like to make the next one!

Just wanted to say thanks to @Michael L. for this written account. You're doing a major favor for BP readers!

I also wanted to go back to something an earlier post mentioned - is there no fear about a change in housing dollars provided to these tenants, in the current political climate?

The Boston market is simply crazy. Congrats on finding a good deal!