All Forum Posts by: Kellen Canfield

Welcome Joshua, I'd say reading will probably do the most at getting you into REI. Read some books to get your mindset right, read some books on investing (many published by this site), and get to work networking and trying to find deals!

Good luck!

@Colleen Prescott, is there somewhere that you have been outside of the California market that would make you more comfortable investing in? I invest out of state and it was difficult and scary at first, but I made sure to do plenty of due dilligance to learn the markets in and out.

For example, say you've spent a decent amount of time in Reno. Enough time to have an idea of the different areas of the city. (Or say you want to take a trip to Reno in the near future to do a scouting trip) 

Once you have a solid idea of where you want to invest and exactly what you want to invest in, you can reach out and start to build your team. I would strongly advise to read @David Greene's book on long distance real estate investing to help with this process. It will walk you through what you need to know to be comfortable with everything. 

On a separate note, if that still is too much and you decide out of state REI isn't for you, try partnering with some other investors in CA to get deals done. It should bring the prices of what your trying to do down into the range that will work for you. I know that good deals are few and far between there, but they are out there. Plus, the risk will be spread between the partners!

Happy hunting!

-Kellen

This is a fantastic post @Collin Schwartz, I'm stoked for you!

@Jennifer Marshall you may have already been advised this, but these days there are a lot of cheaper granite options out there. Or another type of coposite material. The days when granite was only attainable in higher end houses are a thing of the past for sure. 

Welcome @Avery Heilbron! You've come to the right place.

Hi BP community, I'm looking for some advice on insuring a SFR property I have under contract in Norman, Oklahoma. I'm using hard money to purchase and renovate the property and that process has been going smoothly. The only issue is that the property has foundation issues that need to be addressed. I have good quotes from repair companies that are ready to do the work upon closing.

The only thing is that I'm running into problems finding an insurance company that will insure a home that is vacant and has these issues. This is the first time that I've bought a house with foundation issues so I'm wondering if anyone on here can give me some advice/recommendations for insurance companies that might insure this type of property.

Doesn't look like anyone is going to be able to make this one. I'll get October's out in advance and have it on a better day for all. 

Aloha Kauai investors, this month we are going to have our September meetup in the same place as last month on Friday, 28 September at Kauai Beer Co in Lihue. Sorry about the late notice, hopefully we can get another good turnout. Since it is a Friday, I'm going to try and start it around 5:30. If you can't make it around then or have a suggestion for a new location or time, please let me know! This month we will center the discussion on off-island investing. Weather that is on another Hawaiian Island, the mainland, or overseas. 

Mahalo again for attending @Jordan Valdez, @Matt Ives, and @Jon Gibb III. Had another fantastic conversation about what everyone is getting into here in the Kauai market as well as plans in mainland markets. Also talked about finding off market deals and private lending. We'll see everyone back in September, but hope to see you all sooner than that!