All Forum Posts by: Ryan Hoffman-Scranton

@Account Closed Ive noticed how quick deals go around here just by keeping an eye on the MLS.

I really appreciate that and Ill be sure to reach out!

I appreciate all of the solid advice and encouragement! Good to know bigger pockets has such a helpful community. I apologize for not being able to respond to everyone individually. The website has been a little temperamental on my phone

 Yes my next move will be a multi-family which I plan to hold. Was actually looking for advice on where to go next. I was considering a flip thinking it may be a quicker way to generate cash for my next deal, especially since I can do the majority of the work myself. Also considering the refinance strategy. Really just weighing my options at this point, probably getting ahead of myself!

 Thanks! Initially my goal was to start with a multi family home rather than going the single family route. Its been a long time coming so I feel more than ready to take the first step. I live in the Glens Falls/ Queensbury area.

This coming year I will be taking my first step in the direction or real estate investing. I'm 27 years old and I purchased my first single family house at 25. After a few updates and repairs I plan to sell my house and buy a multi family home which I plan to occupy. I'm specifically looking for a 3-4 family home, which is very possible in my area (upstate NY) however, I am not opposed to the idea of a duplex if the price is right. 

   With the money I'm saving on a mortgage, which is currently almost $1000 a month as well as the profit I anticipate making on my house (after many updates and repairs) I plan to invest in my first flip. I currently work as a union carpenter and have been involved in the trades since I was 16 years old. I do not plan to hire any contractors to help with the flip. Any work that I don't feel comfortable performing on my own, such as electrical work and some more involved plumbing would be taken care of by friends and acquaintances who work in the field professionally.

  I will add that I do work full time and plan to do so full time until I get to a point where it just doesn't make sense any more. That being said I currently earn 65k-80k per year.

  Just looking for some advice/opinions from those who have been here before. Anything you would do differently? Where would you go next? Is a flip a good next move?  Thanks in advance!