All Forum Posts by: Siye Baker

welcome @Alex SImon  ! You definitely have a way with words. Good news is that what you are doing has probably given you a higher stress-threshold than any other career would. That will come in handy as an investor. Read up on this site, post questions and stay safe.

Sebastian

I guess you would advertise on Craig's list, zillow, postlets etc. I would imagine the demand is greatest out by lake Jackson, since plenty of students and families live out that way. Are you opposed to mobile homes? think you will find that they are more common the further out you go. 

Sebastian

That's about as networked as I am. I was on the manausa email list until 2 months ago. Have you looked into partnering up with someone who has cash/credit available for immediate purchase? You could acquire property now, with the understanding that you would buy them out.

Sebastian

 I don't think the real estate market is going to dry up during your last couple months of car payments. Your cars are essentially paid off anyways. I still see a ton of properties everywhere. I bought in Barrington, , they are both 1/1 and rent quickly. Good solid class a community. Now I am ready for class b and c. Just met a couple last month that bought a home in golden eagle for 225k(incredible). Have you networked with others in the local RE community?

hello

 I would get rid of the cars:

Exchange them for a couple inexpensive cars with no payments. This might mean driving less than desirable cars, but you would be reducing your debt load by a third. If this doesn't suffice, continue chugging away at revolving debt. Don't close any accounts or have charge-offs. If your credit score is under 720- ask someone who has a better credit score to allow you to piggyback off of theirs(they authorize you on one of their accounts). Not advice, only what has worked for me. Hope this helps, good luck

Sebastian

Hello

although I have no experience with building a home(yet), it looks like you are talking about being an owner-builder. You will need  to call your local permitting office and see what release forms if any that you will need tosign(since you will be relying on your expertise instead of a contractor).  Also assuming you can pull your own permits-will you be required to satisfy certain conditions prior to selling the home(s). Always good to know what your exit options are, going in. 

Sebastian

I am amazed that he is still working for you If he was indeed rude and incompetent.

Good. Luck.

Hello and welcome to bp! Tons of info on this site to be found. Ultimate Guide to investing is a great start. Also a lot of info on podcasts and blogs. Tim Hall is a member-he and his wife are doing real well wholesaling in the Tallahassee area. I am sure he will chime in!

Sebastian

 Interesting, my dad is from Gary and moved to tallahassee in the 80's. He grew up down the street from the Jacksons. 

 dont forget that it will cost you 25-30k per home to fill each pad. I would check some of the surrounding areas( plant city, lakeland ) for parks and cold call/ mail contract to each park. get it under contract, due diligence, and make sure to have an easy out so that you will not lose your deposit.

Sebastian