All Forum Posts by: Spencer McNeal

@Scott Passman Yup, that makes total sense. Thank you!

@Michael Glaspie Awesome, thanks man. I haven't heard of any of those other than census.gov so I will make sure to check those out as well. 

@Scott Passman Exactly what I was looking for, thank you.

Can you elaborate on rent/buy ratio? Is that referring to the percentage of people who are renters as opposed to buyers?

When searching for markets to look for deals in, more so long distance markets, what tools do you use to decide whether that city, or specific neighborhood, are worth even looking for deals in? Almost like a precursory scan. For example, you probably wouldn't want to be near the East La Loma / El Vista area in Modesto... or just about anywhere in Stockton. So how would you go about identifying these types of areas in other cities?

 I know ideally you would want to reach out to RE agents and others familiar with the area but that takes time. So, before you even do that, how do you decide if it's worth reaching out to people in that area?

I guess I'm referring to something like CityData; and if that is a tool that you use, what are you looking for specifically?

Hello everyone,

My name is Spencer. I currently live in Angels Camp, CA but grew up down in the Central Valley. I work full-time on the ambulance up here and part-time at the city fire department. I've been in fire/EMS for about 5 years now. Prior to that I was in the mortgage industry for about 6 years where I did everything from basic branch admin stuff, compliance and QC, processing, and eventually was a licensed loan officer before I decided to change paths to public safety. However, I've been around the real estate and mortgage industries my entire life. My dad has been doing one or the other since before I was born and loves reminding me about how he used to take me to work with him while I was still in a bassinet.

I'm here to learn as much as I can about everything I can and hopefully make some lasting relationships along the way. I'm at the point where I know enough to know that I don't know anything, so I'm trying to absorb as much information as possible. Ultimately my goal, as I'm sure is the majority here, is to have enough rental properties to not have to "work" anymore and live off that income. So, I am mainly interested in long-term holds on SFR's and multi's but I am trying to learn about flipping and wholesaling as well because I didn't choose my current career field for what it pays, and making some money on the side would be nice. I'm also toying with the idea of getting my RE license and going that route as well.

Anyways, I look forward to meeting and learning from y'all.