All Forum Posts by: Sean Gibson

I'm looking into getting into the STR space here in Clearwater. $300-450k

Thank you for that, my brother in Blue. I’ve been going through recently filed Probates and matching them up with their properties. I stop VERY short in handing out business cards to loved ones of the many death investigations I handle.  I’m also going to start D4$ and looking forward to getting my RE license. There’s a group of former LEOS who started the Ten7Project (look them up on Facebook), where they help cops either get out of LE or do RE part time in lieu of working overtime details. Thankfully, I no longer work patrol as it’s a whole new ballgame, so I’m perfectly content in riding it out and doing RE on the side…for now

Thank you both your great insights. I just got an approval netter today for my second FHA loan. As mentioned, I'm in no hurry and I should have my RE license here soon. I'm definitely willing to seek out motivated sellers and buying at a (somewhat) discount, as I never pay retail prices for anything. I'm about to attend my first Main Meeting at one of the Tampa Bay REI Clubs.

   Hello BP peeps. I recently introduced myself and advised I’m in the Tampa Bay Area and my W2 career is a police detective. I’m also currently taking the 63 hour online class to obtain a RE license. Being one who’s incredibly patient and makes very educated decisions, I’m just soaking up as much knowledge via book (just read Financial Freedom with Real Estate Investing by Michael Blanks) and free audiobooks via YouTube (Rich Dad/Poor Dad, The Millionaire Real Estate Investor) and many podcasts on here.

I LOVE the idea of utilizing the BRRRR method. That being said, with the housing market where it is and an obvious correction in the future, makes me wonder if it would be difficult to refinance. Would my concern be valid and if so, would flipping be more wise so as to lock in potential profits and repeat that strategy…for now?
    One last question, I know there MANY of great deals out there off-market and my county provides a pretty decent process for viewing Probates, which I can then cross check with the Property Appraisers Office (don’t worry, I won’t be handing out cards to families of the deceased that I’m investigating). Is this strategy still effective and/or is Driving for Dollars still work as well?  Thank you all for any possible input.