All Forum Posts by: Rowan Shelly

@Mike McCarthy That seems to be the consensus. I’ll have to remember this. Thank you for sharing.

The leaking is my concern and as neat of an addition as it is, it doesn't seem to be worth the extra work and money. Thank you for your response!

Hi everyone,

I recently got my first deal and have been working on the scope of work with my partners/mentors. The property we're rehabbing has three recessed skylights. Two of them are in the "L" shaped kitchen, and are in pretty optimal areas. The third is in the living room, and it's in an odd spot near one of the walls, nowhere near the center of the room. One partner thinks we should keep the skylights, because they would be a great selling point of the house. The other says to get rid of them, because upon inspection it will be one of the first thinks the inspector goes for and it would make problems for the end buyer (having to maintenance in 2-3 years) especially with a new 30 year roof and lastly it wouldn't bring any additional value. Both have valid points, so I want to get your thoughts. 

This looks like a great plan to me! You've been doing a lot to prepare yourself for the future deals. Depending on how your uncle structures his deals you might be able to invest some of your money (at a slightly lower interest rate than hard loans and other financing) and earn more savings until you buy your own deals. I'm not certain what you're getting on your money at the moment, but it's an idea that might be with exploring. I can't wait to see your future progress!

@ Ryan Hill

Thank you, I appreciate it! I've been looking around BP for a good time now and I have been doing research on different things. I already have my goals written out, now I just need to work the path to there! I am working with someone with experience, he's been in the industry for 15-20 years now, and is pretty close to automating his business. Which is where I want to take my own. 

@Mike Rose

Thank you! Yeah, the amount of info on here is a lot. Even if it doesn't directly pertain to my situation it might give me an idea on how to apply it t my situation. If nothing else it gives a good perspective on how others work their business.

@Andrea Weule

Thank you for warm welcoming! Absolutely! It's best to learn from those who a have done the strategies. Even if it didn't go as planned theres always something to learn. To me, running the numbers is one of the most important things to do correctly. If theres anything learned from the BP real estate podcast it's that. 

Hi everyone, My names Rowan. I got into real estate about this time two years ago. I joined BP after attending a local REIA meeting and heard about BP from one of the other attendees. I met my mentor there and we started planning to buy a property from the MLS as a fix and flip. Just before we could meet with the Realtors the whole country went into quarantine. Switching courses I started learning all I could about creative financing. Then the great state of PA opened the market back up. Back to plan A. What a crazy time to get started in real estate, the opportunities seem endless. The general markets I'm looking to work in are Dauphin, Lebanon, and Lancaster Counties. I started listening to the BP podcast when ever I could, it's my favorite podcast I've listened to.

Question: With the market as it is, would you suggest listening to the new episodes of the podcast to get more recent advice?

I look forward to meeting you!