All Forum Posts by: Kevin Krysty Jr.

I am brand new to REI and incredibly excited for what the future will hold!! Unfortunately, I am up to my neck in student loan debt - however, my dad offered me a position this November making $100k+ guaranteed...but it would require me to move 8 hours away from my wife and our friends and the place I am establishing my roots for our future. In your experience, would you recommend I do this for a year or two, pay off our debt and get some capital in the bank BEFORE I begin investing? Or should I keep doing what I’m doing now (Realtor), chipping a little bit of debt away a month at a time, but take out more debt to finance an investment? Thoughts? Thanks, Kevin

@Kevin S. That’s good wisdom. Thank you Kevin!

@Zac Lester my landlord is older and sold all of his rentals last year, besides mine. With this knowledge, and my new interest in REI, I approached him and asked if he’d be willing to sell - he told me it would have to be all 4 units, and to come back with an offer. That was like a week ago.

Hey ya’ll. My wife and I currently live in a duplex, with another one behind us on the same lot (4 units in total). We are currently paying $550/month in rent, and were considering house hacking with the idea of buying and then renting out the other units. This have been difficult for me because I have not yet done a transaction, I’ve sold some homes as a Realtor, but I feel like with how appreciated our market is, the price I would pay for the 4 units would be higher than the rent (unless new paint, carpet, and appliances were added - then I could increase the rent)...my biggest area of difficulty though is the MATH. I’m good at it, I just don’t know where to get the numbers from? How do I price a 2 BR 1 BA duplex? Because to my understanding, anything less than 5 units isn’t considered a multi-family, still a single-family. So I’m pretty lost, have great ambition to purchase this property...I just need hard numbers and I do not know what that looks like. Any and all insight is appreciated. Thank you.

I have read Rich Dad Poor Dad and have a great vision of what I want to build...a large REI firm and operating my own rentals. But I’ve been trying to get my hands on as many books as possible, as many resources, podcasts, etc., but I was just wondering from my Bigger Pockets family if there is anything SPECIFICALLY that has helped you take large steps towards the direction you want to go with REI and your own personal careers? Please leave any useful/helpful feedback if you can! Best, Kevin Krysty Jr.

@Cameron Sylvester thank you Cameron! I have a long road ahead of me but I am looking forward to the adventure and opportunity that lay ahead!

I am a newer real estate agent looking to break into the investing market for bigger investors as well as my own interests. I HAVE NOT bought a property myself yet, or assisted, have only sold a few homes as a listing agent. Either way, I live in Pinehurst, NC (a.k.a - the golf capital of the world!) and our real estate market is hot...I have found what I think could be an absolutely amazing opportunity of a golf course and subdivision. There is currently an Arnold Palmer designed golf course, that has not been taken care of well. It needs new greens, probably irrigation systems, and some TLC to the clubhouse and property grounds...as far as the subdivision, there are some very nice homes and they are starting construction on upwards of 400+ NEW homes in that subdivision. My thought is, if an Investor purchased that golf course (along with maybe some lots) I think if they did things the right way, they could make MILLIONS in After Repair Value. One of my thoughts is this, if I owned that golf course, what other ways do I secure cash flow besIdes the golf itself? Membership to course, POA (<— MAIN QUESTION RIGHT HERE...who creates a POA?). And also just curious as to what a fair price for a rundown golf course is...I believe where we’re located this could be a great opportunity. Open to any and all recommendations! Thanks.