All Forum Posts by: Meghan Reed

Great job!

I personally agree that the bushes should go so you can get a better view of the front of the home.  It's hard to see what's beyond them to offer more specifics but if you have a path leading up to the front door perhaps a couple of flowers or other eye appealing plants along the side of the path would be nice. 

Alternatively or in addition you could put a few nice looking plants along the front of the house.

Welcome Troy!  I totally agree with @JJ Pawlowski.  If I could go back in time I would have purchased a multi-family for our first property, lived in it for a year while rehabbing and renting the other units, then held it as a rental moving forward. 

My husband and I purchased a SFR as our starter property and we now hold it as a rental. We would be ahead of where we are now had we had the other units to pay the mortgage while saving up for our next property.

Best of luck in your REI ventures!

This is awesome!  Thanks so much for posting!  It makes the idea of doing an eviction more concrete and a little less scary.

Congratulations Mindy!

Will, I'm so happy for you that this ridiculous saga is finally coming to a close.  I've been reading through the thread every so often and each time I was sickened with how long it dragged out.  While it won't make up for so many of the tough times you've endured, there's one great day coming up in your very near future...the day you get to watch his a** hit the curb.  Enjoy!

Thank you Hal and Michael for your responses.  Hal, I'm really just looking to gain some real world experience in putting some deals together/working through them.  I've been reading a lot about real estate and reviewing the Bigger Pockets posts/podcasts on a daily basis for a couple of years now but I just feel like I need to be involved in some actual deals to become comfortable enough to do it on my own.  Wholesaling is especially elusive to me.  The concept is rather straight forward but I have no idea what type of paperwork needs to be put together since I'm not a realtor myself.  (I'm also wondering whether that's something I really should do.)

I would definitely be interested in being involved in the prep and flip on your townhouse assuming it gets approved.  Perhaps we can take that offline at some point and determine what type of work I would help put in and where the property is to see if that would work out for us.

I'm looking to dive deeper into the wonderful world of REI. My husband and I have one SFR which we've been renting out for slightly under a year. It was actually our starter house so it wasn't purchased with investing in mind and therefore isn't performing as well as one would want as an investor.

I'm at the stage where I'm ready to start branching out and doing more.  I'm interesting in wholesaling, rehabbing, and holding multifamily rentals. 

I'd love to sync up with a mentor in the CT/MA area but I'm curious how that typically works.  Does one normally pay the mentor and if so is it typically a flat fee for a period of time or number of deals or would it normally be a monthly fee?  Or does the mentor put the student to work in some fashion and that's how they benefit from the relationship?

On one hand I'm happy to pay to gain knowledge and experience but I also would be a bit more skeptical of the relationship if I'm paying.  How do I know that Joe Shmo investor isn't just trying to take my money and run without showing me the ropes?  Or perhaps he doesn't even know the ropes?  How would you all do your homework on an investor?

Great job, Tim!