All Forum Posts by: Quan Liddell

Teamwork makes the dream work, and sharing is caring.

I would say research the Boise Market first. I hear that in this present moment a lot of people are moving out of the more compacted areas into the more open spaces. If you build it they will come. lol

I would consult with an real estate attorney, but I think its all depending on what you have in mind for your end goal. for a straight forward transaction stay local, but if you plan on actually being in for the long hall and building a business. You might want to check and see what states are going to be able to provide the most protection for your business. 

@Joseph Firmin. Thanks. Quick question.. could that by any chance possibly decrease my opportunities. I'm only asking because not as many sellers are willing to do a leases option?

@Joseph Firmin. The SFR was originally going to be a wholesale deal, but the property has 3 different owners who wanted 3 different prices. I figured even if I paid a little extra. The margins would still be ok for a fix and flip property, but the guys i'm working with insist on trying to wholesale it but are unable to find a buyer for it.

I have 3 deals going now. one single family 4br 2 bath in a good school district that doesn't need a lot of work. would be great for a fix. how do i proceed? A duplex with a closing close by and another one where owner is willing to hold some of the mortgage on it. I would love any suggestions on how to proceed. Thanks in advance.

Thanks Greg. I heard of that book before. I will definitely pick it up and thanks for the recommendation. 

I'm a fairly new investor. I started out doing research in 2018. I then decided to take the leap at the end of 2018 going into 2019. I planned to Utilize the Brrrr strategy, also the FHA 3 and 1/2% down to begin my journey. I'm also trying to add the fix and flip method to my tool belt as well, but at the moment I'm currently stuck between a rock and a hard spot. When I first started out, I did a few Wholesale deals. That made me think that I was ready to Hire VA's without the proper infrastructure in place. I now have a lot of things going in which I pretty much don't know exactly what approach to take at the moment. I figured since i'm constantly listening to the Bigger pockets Podcast, and I enjoy the content so much why not just dive all the way in and surround myself with like minded individuals. People with a similar mindset that i'm looking for and also why not seek out some help plus some support on my Journey.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Albany.

Purchase price: $120,000
Cash invested: $6,000

6Br 2Ba 2,000 sqft duplex

What made you interested in investing in this type of deal?

I wanted to house hack

How did you find this deal and how did you negotiate it?

Realtor.I Just made an offer that i wanted to pay and went from there

How did you finance this deal?

FHA

How did you add value to the deal?

I did a few renovations

What was the outcome?

nothing

Lessons learned? Challenges?

challenges- buying the property
lesson learned- dont give up

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I wouldn't recommend.