All Forum Posts by: Paul Farmer

hey @Doug Spence, and yes I think this is an awesome way to get into real estate. But I'm hesitant because this is my first investment. I ran all the numbers and did my due diligence but I don't know, I feel like its to good to be true or I'm missing a huge factor that might mess me up either now or in the future. But I'm in kansas. If you're familiar with military stations theres two in kansas, FT. Riley and FT. Leavenworth. I think having a property around a military installation is a great investment. Theres more benefits than there are risk when dealing with service members as tenants. but that's just my opinion 

hey @Andrew Powers, I'm meaning to say what would you do next with the current situation. and yes I do have a plan but I just want to make sure I'm making a reasonable and safe plan. and for the lease period with it being next to a military base there is a chance that a service member might occupy one side or both but maybe might have to PCS or ETS.( change station or getting out) but I might also have just a regular civilian family take one or both sides of the family and won't be moving for next 10 years. but to answer your question about the lease period, I don't know lol, haven't thought about that honestly. maybe just have 2 lease options just in case if its a civilian Than I could just do a 12 month lease period and if its a s service member 6-12 months but if they have to go just need a copy of orders to break the lease? that's a good question Andrew id definitely need make a plan with that

hey @Matt Walker, so when I take full possession of the property there won't be any big fixes to be made to the house, one side of the house is getting fully remodeled and the other side is move in ready. So I would still put about 6% to 8% for Capex.(which I think is a good number-unless I shouldn't?-). The $2100 will be after the remodeling and both sides occupied. I will be house hacking for about 3 months but I'm just thinking about both sides rented out. there are no HOAs. and the tenants will be paying for all utilities.

I’m finally working on my real estate investment journey and I would like to know what you guys think about this situation that I’m in. This is my first property of purchasing. If you were in my current situation what kind of options or strategies or next step would you take...

Duplex property was listed for 170k, but owner is remodeling one side and is putting 20k-30k into the property and is asking 195k after the remodel. Rental income is about 2100 monthly. It's next to a military base so vacancy isn't going to be huge problem. There are some cosmetic issues and little things needing to be fix or replace on the other side but both sides will have brand new appliances in kitchen. Good neighborhood. I will be financing this with the VA Loan with a very low interest rate less the 3%.

Hey @Chris Wilkerson, great post you got here. Im currently in the military (ARMY) and currently surving a 9 month deployment, Im coming back home in less than a month (hopefully) and I too have been focusing on RE investing and wholesaling specifically is something im very intrested in doing when I get back home. I would love to chat with you and talk to you more about wholesaling. 

@Caleb Brown, @Dan Krupa I would love to chat with you two as well and possibly make something work with you guys. A rising tide lifts all boats.

Hope to talk to you soon guys. 

Really do appreciate the advise guys. and I will defiently ask more questions. Glad and super excited to see that I have people actaully responding.

@Tj Hines, @Stuart Grazier  

Hey guys!! currently deployed and waiting to get back to start out my real estate investment career. Kinda nervous but mostly excited to start in the midwestern area. Any advise you have on picking the right property, right deal, and having a pretty solid plan on dealing with tenants? Should i be strict or lenient? Just any advise you have on small multi-family houses to offer i would greatly appreciate it.