All Forum Posts by: Justin Frank

@Matt Baruth, I would suggest checking out the MeetUp app. I am much further south than Whatcom county. I do not attend or research any meet ups there. I am Sure there are quite a few. I know there is an overwhelming amount in the Seattle area. Check out REAPS (real estate association of puget sound), they offer a lot. I have wanted to attend their CRE meet up but it's just so difficult to get their with all the traffic Seattle offers. Terrible excuse, I know.

@Matt Baruth

I am not certain whether or not your comment about marketing to pre-foreclosures is true or not. That is an avenue I have never explored. In general I get my leads from brokers and networking. Mail, cold calling, and door knocking are all great ways to get leads if you have that kind of time. I have a few zoning maps that I have picked some very targeted areas I will be sending letters to and possibly door knocking however this will be my first attempt at either. I truly feel there is no better way to get solid deals than to have a solid broker and/or a network of people who know you are an active RE investor. 

@Jeff Hodgin

Sweet deal. I don’t know anything about the Property you offered on but I would love to own in that area. 

@Matt Baruth

The market is expensive but there are still deals. Just harder to find. The areas you are inquiring about are getting more and more popular, along with becoming more and more expensive. I would love to buy and live in the Bellingham area which is a bit north of where you are looking. It’s Just too expensive. I’m not a realtor, and I don’t focus on buying in these areas but I pay attention and think my opinion is fair. Others who Have a focus in these areas may offer you some Better and more clear details. 

Hey everyone, 

I am hoping to find an agent, wholesaler, and/or partner to find some BRRRR properties in Buckeye, or El Mirage area of Arizona. These are my two of my target areas right now however I would be open to other growing cities around the Phoenix area if anyone is willing to share their area of interest and/or possibly work together on a few projects.

@Alessandra Verbena

@Alessandra Verbena

I really enjoy Lincoln city, Newport, Waldport and yachats. All of these locations are rapidly growing and since Covid they have been busier than ever. Lots of people still out of work, or working from home allow folks to travel more. My mother lives in Lincoln City and it has been packed. It’s good good thing and a bad thing all at the same time 😀

Hi @Nate Bell

Is this parcel listed? How did you come across the lead? What is your cost per sq/ft to build? What is the completed project cost? 

@Joshua Earle

I wouldn't be overly concerned with creating an LLC right out of the gates unless you intend on creating one with someone that will be a good fit for the type of business you intend to operate within that LLC. A LLC is a great resource but if not done correctly any good attorney will be able to punch holes in it and come after you.
If you plan to purchase a few single families you will probably be just fine keeping them in your personal name. Rates will be better and a lot of banks won't finance a SFR into a LLC. Private lenders will but it will cost you in interest. Treat your tenants right and you should avoid any potential lawsuit.
What do you need a LLC for? Just to place the homes in or to act as a property management company for your purchases? 
As you grow this topic will become important. At the beginning I say it isn’t worth worrying about. Just get started. This is my opinion. I’m sure others will have different views and strategy. 

@Lamar Washington

If a mentor is available to you from a relationship you currently have, or you can afford to pay for one I would say, “DO IT.” You will get to your final destination so much faster, and with a lot less mistakes having a mentor. If I could do it all over I would have found one from the very beginning. With that being said, it’s not necessary and I wouldn’t stray away from investing in RE just because you don’t have one. 

I got started by simply jumping in and buying. The problem I ran into was that I found myself following everyone else’s ideas, goals, and purchase criteria rather than developing my own. That led to wasted time and putting my money into deals that fit other individuals goals. I did learn a ton, and I got a lot of experience in a lot of different areas of real estate which I do not regret at all. It was a great learning process but was very risky. Finding or funding a mentor upfront would have saved me a lot of time. Hope that helps a bit. 

@Joann Lim, invest in a quality syndication. Not to sound lazy but Someone else will do all the work for you and if they communicate well (as they should) you can learn a lot along with being involved with folks who have a lot of experience in real estate.