All Forum Posts by: Kristopher Kyzar

@Carlos Frazier I sent you a message.

@John Hamm I agree with @Sean Rooks. Inventory is constantly moving, and there is a lot of opportunity here in Hampton Roads.

@Richard Kraemer the Hampton Roads area is full of investors, and full of opportunities for investments. @Sean Rooks gave you a few of the groups here. Make sure to search the events section of Bigger Pockets for upcoming meetups. Many of the groups also have Facebook groups as well.

@Douglas Mcqueen, as usual, knocking it out of the park.  Great job!!

Come join us as we discuss Tax Strategy with Larry Pendleton, and Owner Financing with Kris Weaver.

@Roberto Sembiante check you out, making moves. Fantastic!

@Conor Livingston ultimately it comes down to what sort of Cash-on-Cash (COC) return are you looking for.

Simplified math: If you buy a $100,000 property for $100,000, and it brings in $1,000 after expenses, you're COC ROI is 12%.

If you buy 5 with 20% down, and now your net is $500 each, that's $2500 per month net. Now your COC ROI is 30%.

Leverage allows you to pull a greater return on you invested cash. 12% is a great return, and if that’s good enough, then awesome.

Another route you could take is to buy all cash, and refinance later. The more money you eventually pull out, the more your COC ROI goes up.

Wholesaling, where you get a property under contract with the intent to buy it and sell your equitable interest in the contract to another buyer, is perfectly legal.  Make sure to check out the laws in the area you intend to operate because some have additional guidelines.  I recommend joining the facebook group Virginia Wholesale Real Estate.  It is a group lead by one of the biggest wholesalers in the Hampton Roads area, and he's got a lot of really great information he puts out.

@Valarie Pitt there are several wholesalers who operate in the area. I’m one. What are you looking for exactly?

@Monica Ponton welcome to the wonderful world of REI. looking forward to great things.