All Forum Posts by: Sean Rooks

I can send you a quick analysis sheet that accounts for living in it, then turning it into a Buy-and-Hold. 

There's quite a few meetups around here not, all searchable on BP by going to Network-Events:

TRIG: meetups once/month, paid membership, tons of local rooted investors
https://www.trigofva.com/

Hampton Roads Investor Group: Free, hosted by investor agents on the THiNK RE Team
https://www.facebook.com/group...

Hampton Roads Landlord Associtaion
https://www.meetup.com/HRLandl...

Most of those will be priced higher than comparable portsmouth properties, but also higher rents. I guess it all comes down to your goals for cashflow and COCROI. I can send a market report if you would like, just PM me.  

If you decided to put them in a LLC and make it a commercial loan, they would lend on the property and not you personally. I know ABNB and Atlantic Union both do commercial loans. You may have already tried this option, if not, send me a PM and I can get you in contact with someone there.

Could also find a Seller Finance, or Subject-to with a low down payment term. But I agree, the best way would be to purchase a new primary when able and move in. 

https://sierrasellshamptonroad...

Sierra is a Co-host for STR's that can help you out!

Well, thats a hard one to answer. As always, it seems to depends:

1) Biggerpockets was founded as a way to stay away from the "guru" courses that cost new investors a ton of money just to learn the basics. There is such a wealth of information on this website, its books and podcasts that you can learn any strategy you want on here. 

2) However, some masterminds have great reputations and are very rewarding to top performers looking to connect with other top performers and push their personal growth and business growth to the next level (essentually like a coaching/mentor program). 

I cant speak for M1 or Roch Thomas, but I would do some more investigating before investing that much money in an education alone. 

There are lots of other great local groups around, each with pros and cons:

TRIG: meetups once/month, paid membership, tons of local rooted investors
https://www.trigofva.com/

Hampton Roads Investor Group: Free, hosted by investor agents at 1st Class Real Estate
https://www.facebook.com/group...

Hampton Roads Landlord Associtaion
https://www.meetup.com/HRLandl...

I would continue to learn on here and connect with some other investors at the above meetups/groups to see if you really need a 10k mastermind to get started. 

https://www.biggerpockets.com/...

If you use the Tools--> Events Page you can find all the local meetups!

Welcome! Lots of great local groups around, each with pros and cons:

TRIG: meetups (zoom) once/month, paid membership, tons of local rooted investors

https://www.trigofva.com/

Hampton Roads Investor Group: Free, hosted by investor agents at 1st Class Real Estate

https://www.facebook.com/group...

Hampton Roads Landlord Associtaion

https://www.meetup.com/HRLandl...

When starting out, a lot of investors like to invest in your 'backyard.' You get to know the area, the tenant class, the houses, the neighborhoods, and develop a wide network; face-to-face. Also, if you decide to rehab, you can keep eyes on the project and make sure it goes how you would like. Once you get a few under your belt, then expanding out of your area seems much less daunting and manageable. 

I'd second Virginia beach/Norfolk and a Short Term Rental House Hack.