All Forum Posts by: Zachary Beauchesne

Hello BP community,

I wanted to get some thoughts on adding value and SQ Footage to a property through a garage addition. Every other house on this street has a single car garage and a few hundred extra in SQFT. This is an off market deal my partner and I are considering pursuing so we would need to confirm there is room to build it but we wanted to get some BP insights as well! Thanks!

Has anyone out there invested in SFR using roof stock.com? Seems like a good/ low cost way to get into real estate investing with someone who has about 20k to invest. Any thoughts?

@Steve K. This is exactly what I needed to hear Steve thank you for the information!! Would love that recommendation for a property however her property Is located in Denver!

Hello all! Looking for some advice here.

Recently my wife's co-worker got a job in Wyoming and is moving there at the end of the month. She is leaving behind her small 2/1 condo and renting it out. I offered to manage her property for her and it sounds like she may take me up on the offer. I have experience managing my own home but do not have experience with being a landlord, however I want to gain experience as it could be another small source of income while I work my current 50 hour a week job. I am looking for advice as far as if I should set up a proper business with an LLC, some good websites to use for screening and finding tenants, and appropriate rates for services offered. Her being a friend of family I don't want to charge what other management companies do for turnover, instead I would like to raise the management fee from say 8-10% from 10-12%. Would love any and all feedback.

So I’ve been in the process of figuring out which strategy is best for me to start out investing. I’ve made a few connections with realtors in different locations as I have done some research on long distance investing and gained some insight on how it could work. However my job requires a lot of my time and my wife and I can’t seem to find the middle ground on what the best strategy for us is. So I came up with the live in flip. We are coming up on two years in our current residence and I have about 45k to invest. My plan would be to put about 20k into the kitchen, floors, and bathrooms hoping to turn a 100k profit (numbers don’t work as a rental) and buy a property that is livable but needs work and do the same again over the next couple of years. Ideally raising more capital to fund other investments. Thoughts??

@Scott Passman I love it! Thank you!

I'm starting to research a market on the east coast. Still working on my first deal I'm finding myself a lot more interested in long distance investing as my home turf is front range Colorado. I have a lot of connections in this new market and the prices are right. One trend I'm noticing is SFH is more expensive than MFH and it makes me think I should buying these MFH as solid prices. Rents are great and the area is growing. Any thought on why these are cheaper than singles?

@Aaron Bonne great question as I am starting out, trying to prioritize goals with a new born and the desire to retire with a certain goal in mind, have my kid(s) attend college, and have the ability to retire earlier than 65.

1000k/month to max out Ira

600/ month on top of Ira to meet retirement min.

600/month for college savings PER CHILD (hopefully max at 2 haha)

1500/month to pay my current mortgage

Not sure my wife and I would quit our jobs at this point. Better off continuing to stack cash, start a business, and continue to grow our real estate portfolio, retirement portfolio, and allow our children to do the same.

A lot of people say I want to quit my job now but if it doesn’t suck that bad why quit? Move up, make more money, figure out how to lower your current expenses and build savings to invest. If it does suck, so something you love and start a business or find someone to partner with.

I recently just learned a personal expense hack. Cell phone. We switched to xfinity mobile because we have xfinity internet at home. Saving 20/line. With the phones paid off and my wife’s reimbursement from work for her phone bill. We went from paying 190/month to our recent bill (today) at 24$ plus tax. HUGE savings. Allowing us to save an up to an extra 1k per year.

Just saying, on top of building wealth through real estate, look to minimize your own expenses to maximize savings to invest more in real estate for greater returns.

Great question, thanks for letting me rant BP!!

Hello all Maine investors out there. Long time southern Maine resident here that moved to Colorado almost 10 years ago. I recently came across a good deal on a multi family in sanford and would like to hear any thoughts on investing in sanford. I grew up there so I know the town very well and it seems like a good rental market. Any qualms?

Hello all! I am curious to hear your opinion on investing out of state. The process of getting the ball rolling and choosing a market. Do you have any insight on how to choose a market? I have found myself very interested in my current state (Colorado) but finding its a little expensive but not out of range. I am however interested in my home town market and my wife’s hometown market. Have other investors felt that desire to go back home and take advantage of some relatively inexpensive real estate to see some cash flow?