All Forum Posts by: Patrick Reilley

@Shawn Gageby Welcome to the BP community and the DMV community in particular.

I am actively pursuing flipping opportunities in D.C. and am looking for a quality GC. I'd love to connect and hear more about the services you provide.

Look forward to linking up!

@Justin Cook, this is the meetup in Columbia Heights hosted by @Jason Cohen that I was referring to. I definitely recommend checking it out as it's been tremendously helpful for me.

http://www.meetup.com/DC-MD-VA-Real-Estate-Investing-Meetup-Group/

@Justin Cook I'm in the same boat and looking for other meetups in the city. I attended a meetup in Columbia Heights about a month ago run by @JasonCohen and his partner in Columbia Heights. They should be having another one shortly after the new year. I'll try and link more details back in this thread when it's announced. Keep me posted if you discover anything as well.

@Robert Perry Thanks, I just started using the calculators and I guess my eyes just glossed over those links. Appreciate the direction!

The BP calculators are awesome, I'm just finding one challenge....

Is there a way to save down a deal entered in the BP calculators so you can return to it later and edit it if you receive updated information that you would like to include in your analysis? It's tedious to keep going back and re-entering all the information if you just want to update a few numbers.

I think this would be an extremely useful feature if possible. Thanks and appreciate any help or guidance!

@Ben Shapiro, I'm in the same situation as Travis, would you mind sharing with me as well?

@Shaun Reilly Thanks for the heads up on the potential time requirements on trying to refi out. To answer your question regarding the Boston market, I wasn't viewing this as my target market for the multifamily as I think (and you stated) it would be difficult to make it work in the current environment. I was looking at doing it back in my hometown of Syracuse. That being said, I'd prefer to do something in Boston, but I'm just trying to get a pulse on what kind of deals would work here right now. Any thoughts?

@BryanL Appreciate your perspective and experience. Certainly critical to examine the downside risk and mitigate at as much as possible. I'm just examining what skills and assets I have and trying to determine the best strategy to take. This was one option that I was considering, but you raise some excellent points.

@Paul Timmons Good to meet another Brighton bred investor! I'm right around the corner from Oak Square near the reservoir. As a beginner, Boston seems like a tough market to crack in the current environment, but I'm determined to figure out how to make my way. Thanks for all the tips and resources available on BP. Are you aware of any REI groups in the Boston area?

I am a new investor and have set a goal to buy my first property within the next 6 months. I have only a small amount of capital to put down as a down payment, so I looked at what other assets I have at my disposal, which just happens to be fantastic parents.

They have agreed to supply the capital for the remaining 75% of the purchase price allowing me to make a purchase all cash. This will hopefully give me an advantage and allow me to buy at a discount.

Once the deal has closed, I would put debt on the property and return their capital to them.

Is this a sound strategy or are there things I might be overlooking? Is it reasonable to assume I might be able to buy at a discount as an all cash buyer? I'd appreciate any insight and experience BPers might have to offer.

Thank you!