All Forum Posts by: Noelle B.

@Betty Alvarez Cuesta I'm an investor in the Providence, RI area - if you come across any deals, LMK! If you're keeping a list, I'd love to be added to it. 

@Foti Karastamatisthanks so much - I really appreciate the tangible advice. What areas do you invest in? 

@Foti Karastamatis ideally, that's what we're leaning toward. Put the $$ toward a larger apartment building and rehab as units become vacant. Keep BRRRR'ing but continue to increase deal size. Just a learning curve in terms of finding a market to invest in. That's proving to be hardest for me: there are literally endless markets to invest in. Which do I choose?

@Justin Hill one day in the far future I see lending money as a great way to transition out of the day-to-day of real estate... but that day is not today :) best of luck to you! You should be able to find someone! 

@Dan Mcguire awesome. Does that mean you help investors purchase properties from their self directed IRA? We've done some research into that and would like to set one up. Nice website btw :) my husband and I run a full service marketing agency specializing in SEO and your site looks 100x better than the realtors we work with!

@Dan Mcguire what areas do you invest in? Do you also work with investors? I see you're a realtor. 

One property is in Patchogue and the other, Riverhead. Both pretty anomalous rental markets, if you ask me. One was found driving for dollars, tracking down the owner, and spending 10 months working with various members of the family to close the deal. Worth every freaking second haha. Purchase price was $195k and ARV is $550k (which, in this market, it might even appraise for more... that was our experience with our Patchogue house). The Patchogue house was apart of a multifamily deal but while gettin the house appraised, we realized the multi was actually 2 separate deeds. So we worked out a really good deal with the owner to buy it for $101,500. ARV is $345,000 - just got back the appraisal last week.

I want to say these are rare deals... but at the same time, we started last year and somehow found them so... now with more knowledge and experience, I don't see why we can't do it again! 

@Joseph Stern one thing I know for sure is the BRRRR method is something I want to continue to pursue. I wasn't sure if it was possible with commercial but it seems like it is the more I learn... just larger numbers! We're about to close on our first BRRRR and it's truly the best feeling. Real Estate is just incredible, especially when you buy under market and walk in to instant equity.

I am guessing the the BRRRR strategy wouldn't work very well with NNN deals, wouldn't it?

@Axel MeierhoeferI appreciate the thoughtful response. I haven't thought about a build to rent project. Is that pricey these days and potentially risky with the high cost of materials and supply chain issues? Do you currently do this? and if so, where? Looks like you're from SoCal - my husband is from San Diego and I lived there for several years :) talk about a crazy market! 

@David Bain more active profits. 

@Don Spafford husband and wife team, I love it! My husband and I work together. I'd love to learn more from your wife about the Driggs/Victor market as well. I always wonder how Jackson being so close impacts that area, aslo. 

I'll definitely take your advice and call some banks - try to limit the amount of surprises we'll face. I'll look out for your message!