All Forum Posts by: Samuel Eddinger

@Dean Gullo - welcome.  There are lots of great meetups.  CTREIA actually has an event tonight in Rocky Hill if you are free.

I like to attend the meetups from @Brandon Rush, @Ryan Luby, @Devin Peterson, @Stephanie Cabral throughout central CT.  

DM me if you would like to connect personally.

As long as it is one of the accredited shops, any of them are fine.  Just take the one that is the most convenient for you.  The course is long and test is difficult so make sure you are committed.

@Sarah Miner - BRRRR is pretty much dead right now. Because of the high interest rates, you have to buy at a higher CAP rate to make any money. Unfortunately, housing prices continue to go up, not done so the opportunities to invest are limited.

I'd advise to flip and if you find something that you can get a lot of equity, than you can perhaps BRRRR that but it is really hard in this market.

I am CT based (central CT).  I know the markets real well here and do a lot of investing, flipping, and I own a property management company.  I'd be more than happy to have a conversation.  DM me if interested.

@Vinny Muli - it is VERY hard but not impossible to get an equity line of credit on a non owner occupied property.  I'm doing one right now.  You can get something called a "Guidance" Line of Credit.  I've found the easiest solution is to have a really strong banking relationship and then they will be able to provide non-standard offerings.  The problem is that they do not usually give this to new people and/or people that do not have big amounts deposited into their accounts.

I'm also CT based.  DM me if you are interested in talking about this more.

There are a lot of great meetups from @Brandon Rush, @Ryan Luby, @Devin Peterson, @Stephanie Cabral.  CTREIA is also a great place to learn and network with new investors.

I own, invest, and flip a lot in central CT and own a property management company, Ironclad Property Management.  

I'm always willing to have a conversation to help new investors learn from my experiences, to hopefully avoid the pitfalls of buying your first property.  If any of this interests you, DM me and I'd be happy to have a conversation.

 We have quite a few local meetups from @Brandon Rush, @Stephanie Cabral, @Ryan Luby, @Devin Peterson, or CTREIA is another good one to attend.

There are also people that teach, Owner Financed, Subject To, Novation, etc which are opportunities with little money out of pocket.

I'd be happy to talk more about any of this with you.  If interested, DM me.

Hey @Venecia Baez.  Welcome to BiggerPockets.  I started real estate investing back in 2012.  Currently, I'm still buying, flipping, and running a PM company.  I have a lot of ideas on how to buy real estate with no money (Novation, Subject To, owner financed), to partner with someone who has money, and/or to buy for yourself with money.  I've been doing all of this for years and would be happy to share.  If interested in having a conversation, DM me.

 I'm not sure why but I don't see it in my inbox.  Maybe try again?

@Cameron Marro - I would work to get her out, move in to the bad unit and rent out the good unit.  I would then work to renovate the bad unit as quickly as possible.  Then you can choose to get a roommate to make extra money.  Whenever possible, try to figure it out without taking on debt.

@Jose Quinones - experienced CT investor here.  I've been working on expanding my partnerships throughout CT this past year.  For the first 10 years, I never once used a partner.  I changed my tune since I know what I like to do and what I don't like to do and found a person that complimented me well.  

For me all partnerships have to have three things for me to want to even consider them:

1: I have to legitimately like the person I partnered with.  If you cannot trust the person or they cannot trust you, it will 100% end badly.

2: I have to be aligned in what the goals are for the partnership.  Is it buy and hold?  Is it flip?  Do we need the money to live or does it sit their to reinvest?  What is the thoughts on reserves?  

3: I have to like what they do not like to do and they need to like what I do not want to do.  You need to be clear where each partnership starts and stops and make sure each person knows they are responsible for.

I hope this helps.  DM me if you want to discuss more.