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All Forum Posts by: Samuel Lynch

Samuel Lynch has started 24 posts and replied 102 times.

Post: Our new vacation rental on Emerald Isle NC

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

@Brian Plajer, How's the STR doing? I'm possibly getting one under contract in Emerald Isle as well so wondering how yours is performing.

Post: Moving to Camp Lejeune - swansboro or Snead’s ferry

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

Here's a resource for anyone moving to/from Camp Lejeune, MCAS New River, or MCAS Cherry Point

https://www.facebook.com/groups/eastcarolinamilitarypcs/

Post: Help!!! New to this. 200k and no idea what to do with it.

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46
Quote from @Ben Jacobs:
Quote from @Samuel Lynch:

It may be hard from some people to give specific advice without knowing more about your situation. Check out the different strategies in real estate. There are MANY of them but the key is to find what strategy fits your lifestyle, goals, and path you want to go down. Once you have an idea of the strategy you'd like to pursue, deep dive into that and talk to people in that space. Getting started can be overwhelming for sure. So try not to get suckered into the shiny object syndrome (speaking from experience here, haha) 

Based on the information you provided, you could begin looking out of state. I am in Hawaii as well and it really is a tough market for cash flow. But there's opportunity to flip if you partner with someone locally. You can attend meetups to meet people who are in that space. Check out the meetups portion of the forums and search Hawaii. There's a couple this month and they're free to attend.

If you begin looking out of state, I'd still recommend partnering with someone you build a genuine relationship with and trust. It seems you have capital and there are plenty of investors who have the resources and could use a private lender or an equity partner. But it's super important to build a relationship with them before investing. Trust is the most important factor in my opinion. 


 Thanks Samuel, How many properties do you have here in hawaii? I was looking at options on Big Island and Airbnb any thoughts? Do you know how easy it is to get a permit on Big Island? I know oahu is capped but i heard big island is still allowing additional airbnbs. thanks 


 I dont own any here. Mainly because I'm also investing for cash flow and equity. So I invest in multifamily out of state. That's been providing consistent cash flow and equity build up. 

Haven't looked too much on the Big Island. Visited there and drove around looking at some properties when my family and I were looking to potentially retire from the military and move there. Ultimately decided to retire to North Carolina. So I'll be moving to NC in October. 

People are doing STR's there so it's definitely a possibility. Maybe make a forum post seeing who is doing STR's there and connect with those people so you can get the right advice.

Post: Help!!! New to this. 200k and no idea what to do with it.

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

It may be hard from some people to give specific advice without knowing more about your situation. Check out the different strategies in real estate. There are MANY of them but the key is to find what strategy fits your lifestyle, goals, and path you want to go down. Once you have an idea of the strategy you'd like to pursue, deep dive into that and talk to people in that space. Getting started can be overwhelming for sure. So try not to get suckered into the shiny object syndrome (speaking from experience here, haha) 

Based on the information you provided, you could begin looking out of state. I am in Hawaii as well and it really is a tough market for cash flow. But there's opportunity to flip if you partner with someone locally. You can attend meetups to meet people who are in that space. Check out the meetups portion of the forums and search Hawaii. There's a couple this month and they're free to attend.

If you begin looking out of state, I'd still recommend partnering with someone you build a genuine relationship with and trust. It seems you have capital and there are plenty of investors who have the resources and could use a private lender or an equity partner. But it's super important to build a relationship with them before investing. Trust is the most important factor in my opinion. 

Post: Best markets for multi family

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

Check out Wilmington, NC. It may be hard to find 1% deals in most markets (especially turnkey) but if you underwrite to where it makes sense from a cash flow and ROI perspective, you can make offers based on your underwriting. This works for 5+ units since commercial properties use the income approach to value. Stick to your numbers, figure out sellers motivation for selling, and look for creative ways to structure a deal that is a solution to them while sticking to your cash flow and ROI metrics.

Post: Advise on SDIRA

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

I personally haven't used them, but I've heard great things about Equity Trust from a few others who are using them.

Post: Unique Sources of Capital to Invest

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

What are the most unique or creative sources of capital you all have used to invest in multifamily?

Post: Oahu Real Estate Investor Meetup

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

Happening soon. Got a few spots still open.

Post: Oahu Real Estate Investor Meetup

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

Make sure to sign up with the eventbrite link

Post: Oahu Real Estate Investor Meetup

Samuel Lynch
Pro Member
Posted
  • Realtor
  • Jacksonville, NC
  • Posts 107
  • Votes 46

Looking forward to meeting you all!