All Forum Posts by: Kyle Tipton

@Judy Best

Hey! Super happy to hear there are local meets up in LR. I use to live there but had to relocate for work. I wanted to invest there ever since. What is the Facebook page you’re referring to. I’d love to follow and chat with others. I’d like to work towards making a trip next year, it’d be awesome to time it up with a local meeting. Cheers!

@Zachary Schimenz

So first off, congrats on making a move towards becoming a real estate investor and creating a soon to be healthy portfolio. Second, I’ll admit, i don’t have experience with turn key properties, but i do have two fully remodeled rentals and its the way to go when wanting to go long term and hands off as much as possible.

I also want to say that even though most disagree with you and want to degrade your approach, I applauded you, sir. I wont lie, I probably wouldn’t go your route (because I enjoy the reno part), but everyone has their niche. So i commend you for finding yours and sticking to what you know and want. The thing is, in 30 years after you acquire 15-20 of these, you’ll have millions in net worth and hopefully cash flow to support your retirement of choice. Obviously, this is in addition to your business.

This is fantastic because its what YOU want and have built into your retirement plan.

So stay on track and keep pushing! Work your tail off and buy turn keys. Nothing wrong with that approach!

Side note: this post came at a really coincidental time. I literally just listened to Chris’ interview on BP today on my way home from work. I admire his business and the approach they take. I’d say you’re in good hands!

Best of luck and please keep us posted!

@Richard K. You would need to refi your current VA loans or sell them to regain entitlement to your VA. At that point you would have the no cap VA come January of next year. So a few things to think about there. I know a guy in CA that could help you. DM and I can share his contact.

As for the FHA, Since it's your primary, you don't need at 70/80% LTV. you can refi at a lower percent. I did this with my house in NC. I paid a touch higher interest, but I dropped the PMI.

Good luck and hope that helps.

@LaQuan Bates

Hey welcome to BP and to the DC area. I’m current,y in MD too, about 30 mins outside DC. There are a lot of Meet ups from Baltimore to DC so you should t have issues finding any. There are a lot of investors from around the area. If you search or set key alerts to DC, Baltimore, etc. you’ll get more notifications then you probably have time to read through.

Also, if you have IG, check out 365realestate. He invest in the DC area and occasionally post good information. There’s still opportunity here.

Best of luck. And for what it’s worth. I strongly encourage house hacking if you can swing it. Best way to get stared in a hot market.

@John Teachout thanks for the reply. I agree, getting 2 years or so of use out of it may be worth cost in full as long as I do it sooner than later. 

As for everything else you stated, it's all very true. I would pull a permit and i've gotten several estimates on cost. That's why i came here... lol I second guessed it after hearing what the damage would be. Im looking at around 18 dollars per sq ft. 

Greetings, BP!

I'm trying to decide whether or not I should add a deck to my primary house that I plan to later rent/sell (market depending) once I move in a couple of years. I'm curious to hear how others feel on this. Has anyone added a deck and seen a return on it or does anyone add decks when they flip houses, prep for rentals, etc? I'd love to hear what people have experienced in the past. 

A couple considerations: 

-The back of house butts up against a dense wooded area and a creek. 

-Most comps in the area have back patio/deck areas.

-I would enjoy it a lot while living here. 

-IMO, it would make the house more functional and the back area more usable. 

I can't wait to hear how others feel about this! Thanks, in advance!

@Valerie Tapsoba. There are several investors/members on here from the area. If you go to the events page, you’ll see some. Try to make them and network. And like mentioned above, ask Baltimore specific questions and I’m sure they’ll chime in and help out. Cheers and welcome!

@Carrie Traxler

Wow! Those are some wild stories. I’d love to have a cup of coffee with you and hear more. And I agree, maybe book is needed. Lol.

Thanks, for the info and taking the time to type all of that out. Great read!

I like the idea of having two kitchens. That’s awesome.

@Ryan Deasy

Thanks for the great info and reaching out. I’ll look for your articles then get back to you with questions. I’m sure I’ll have them! I’ll read before I ask incase you’ve already answered them there. Thanks, again!

@Alexander Ball solid advice. I couldn’t agree more about “training” them from the get go. I think that’ll be the revolving door that you must keep greased properly.