All Forum Posts by: Kelsy Soderlund

@Brandon GentileJust driving through town one day! 

Just a half mile away from the Mukilteo-Clinton ferry, this established Whidbey Island multiplex has 19 residential units and 107 self-storage units as well as the opportunity for additional developments.

The residential buildings include three 3,200+ sq. ft. fourplexes and one 5,828 sq. ft. sevenplex. All units are two bed, one bath. Each building has one or two dedicated coin-op laundry rooms. Multiple units feature peek-a-boo views of Puget Sound and Everett. Many of the units are currently rented below market value which gives room for improvement.

The storage facilities include two separate buildings, an 11,500 sq. ft. heated facility with 67 units and a 2,864 sq. ft. unheated facility with 40 units. There is development potential for another 3,850 sq. ft. storage facility. Plans were completed and approved but will need to be reapproved by the county before construction.

Hello BP,

I have 5 land parcels in Sullivan County, NY under contract and am seeking a cash buyer for the properties. They could be sold individually or as a group package for a larger discount. The properties are as follows:

1. Cypert Rd. TR10 Fallsburg, NY - 5.33 Acres

2. Taylor Rd. TR 111 Fallsburg, NY - .75 Acres

3. 260 Cutler Rd. Liberty, NY - 2 Acres

4. Mud Pond Rd. Highland, NY - 6.48 Acres

5. Elm Rd. S. Mamakating, NY .28 Acres 

The properties are buildable vacant land. Some with hookups and some without. 260 Cutler Rd is the most developed and has a concrete slab for an RV or mobile, water, electric and septic. 

I'm also willing to consider a JV with someone who could bring a cash buyer.

If you're interested, please PM me for more details. 

Hi David! And welcome to BP! 

All those tips are great! I'd like to add the suggeston that you find and join a local REIA. Networking has been the #1 most helpful thing to me, and if you're serious about investing, when it comes to networking don't just dip your toes in... dive in with passion!

Attend every meeting possible, bring a pen and paper and introduce yourself to three or more people at every meeting. Contact the successful investors who stand out to you or are doing what you want to be doing, then take them out to lunch and pick their brains. 

Just the other day a well respected investor in my area offered me a job as his assitant after I took him out for coffee. Could there be a better place to learn than from the chair in an investors office? I have to admit here that we've been actively working together on deals for a couple months already but... it all started when I asked him to lunch. 

Point is, if you never ask, the answer is always no. 

If the answer is yes, you never know what might happen. 

And don't forget to ask how you can help them. Mutually beneficial relationships get the best results. 

Good luck on your journey! 

Hi Nick and welcome to BP! 

It sounds like you're in a pretty good place to get started and I absolutely recommend moving forward with your investing. 

It also sounds like you're mostly familiar with conventional or bank financing so the first thing I would suggest you do is join the local REIA and build on your real estate education. The reason I say this is because there are other ways to buy that will allow you many more opportunities and the potential for a much better return.

Check out http://reapsweb.com/ for more information.

Kudos to you for starting so young! Good luck and I hope to see you at REAPS!

Coaches aren't necessary but a great network is. Have you joined any of your local REIAs or been to any of their meetings? 

I second Brian in the thought that you should get a consultation from an attorney. I recently spoke to one who was very helpful to me. If you'd like a referral, PM me and I can send you the info.

Good luck! 

As a painter, I think this is a great idea. Whatever damage they do, short if snapping it in half, can easily be repaired at move out by sanding and refinishing the surfaces. Boom! Brand new countertops for next to nothing and as far as I can tell you could do this for years and years until you sand the last layer of counter top off. Seems very cost effective and simple. I'd do it. 

Someone recommended corian counter tops for rough tenants. Maybe look into that as well? 

Welcome to BP Kyle! 

It's a great time to check out REAPS if you were interested in the local REIAs! Their 30 Days of Accountability Challenge is this month and you can start on any day there is a REAPS meeting. Below is a link to the calendar which includes the start dates and locations for each of the meetings.

http://reaps.memberize.com/clubportal/Calendar.cfm?ClubID=173

Also, your first meeting is free! Hope to see you around! 

Thanks Stephanie!