All Forum Posts by: Summer Timms

@Danielle Golan, congrats on doing well with your first fix & flip! The hubby & I were actually looking to do our first fixer-upper in Ridge! Are there any other areas you are considering?

Thank you for posting this! I'd love to see the data for Montgomery Co if not too much to ask :) 

Lehigh & Northhampton would be helpful too but I didn't see them on your list. Thank you!

Thank you to everyone who shared their thoughts/experience/opinions! The majority consensus was "no" which is what I had already suspected. I guess my followup question is: what is the best investment route for someone in a high market? If "true" BRRRR's are risky from out-of-state and Turnkey BRRRR's don't exist.....where would you guys put your efforts/money? I know REI is what I want to do, I just have to find my "in". Any advice would be welcomed & appreciated! Thanks :)

Thank you to all who took the time out to respond. Although I received a number of different responses, they are all incredibly valuable to me so I can see the thought process and look into things further! 

Hi, I am VERY new to REI. Thus far I have read a few books, practiced analyzing properties, scoured Zillow, Craigslist & the MLS, spent hours on BP and secured a HELOC. I am convinced there is money to be made but I live on Long Island and I haven't been able to get even 1 property's numbers to "work". I am considering out-of-state and have looked at numerous markets (Birmingham, Kansas City, Baltimore, etc). My question is: does the BRRRR method work with true turnkey properties? I would love to hear from some successful out-of-state and/or turnkey investors. Thank you!

@Bob Prisco - why will she be happy in 30 days?

@Maria Marrero - Hi :) I'm a newbie REI looking for my first deal. Been having a hard time finding numbers that work on LI. I was wondering if you ever found a mentor in your area? Wishing you continued success!

@Tom Ott 

Thanks for the informative links! Great info! What confirmed pre-boom markets are you investing in right now?

I love this forum and am so grateful it exists! I'm a newbie getting ready to make my first purchase and trying to determine the pros/cons of HML, HELOC or using savings. I'd love to hear everyone's thoughts on this. Thank you!

@Shawn Ginder - thank you for sharing that info! I'll be sure to look into them first thing tomorrow. Happy you're doing well with your investment & wish you continued success! On another note, I just realized you are from Lititz, PA originally. We did a Fall Foliage trip to that area in October - beautiful country!