Coming out of the BP shadows — Tallahassee, FL

Coming out of the BP shadows — Tallahassee, FL

Tallahassee, FL · Member since 2013 · 7 posts · 1 vote

Hi everyone,

I am yet another longtime lurker, first time poster on the Bigger Pockets forums. (If LTLFTP isn't an official BP recognized acronym, it should be.) Besides the wealth of information contained in all the articles, podcasts, and forum discussions, the number one value of a site like this seems to be networking and the ability to ask specific, time-sensitive questions to peers in the business. I figured I had better start posting!

My name is Jordan Powell. I currently work full time as a contractor for a computer software company. I have had aspirations to invest in real estate for a number of years now and have read various books and internet resources, but I have yet to jump in and make anything happen.

I have two short term goals vying for top spot right now. First, I would like to get my feet wet and earn a bit of capital with wholesaling. Second, I want to keep my eyes open for a small multi-family building that I can live in and rent out the other units. I know these goals sound vague, but the purpose of my post is not to detail out every facet of my plan.

The biggest obstacles to getting started for me are 1) my job, which eats up a large portion of my time, and 2) my inexperience: the moment never feels quite right to dive into something so unfamiliar to me. Hopefully Bigger Pockets can help alleviate at least the second hindrance — if not totally by new-found knowledge, then by a swift, albeit motivational, kick in the pants! ;)

Looking forward to interacting on here with everyone.

Thanks,

Jordan

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Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
12y

Jordon, it's socially acceptable here for LTLFTP's to come out, as somewhat of a conservative and long time poster, LTP'er, I welcome you to BP!

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  • Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    12y

    Jordon, it's socially acceptable here for LTLFTP's to come out, as somewhat of a conservative and long time poster, LTP'er, I welcome you to BP!

  • Tallahassee, FL · Member since 2013 · 7 posts · 1 vote
    12y

    @Bill Gulley Thanks! Glad to know I'm not flouting any community protocols by stepping into the light. I fear it may be a while before I can contribute much back to the community, but until then, I'm glad to be along for the ride.

  • Lender · Westfield, NJ · Member since 2010 · 85 posts · 23 votes
    12y

    Welcome Jordan I also was a recent LTLFTP until couple of days ago. When you are ready to dive in would you consider student rentals?. It would seem that between Tallahassee being state capital and FSU there would be decent demand for rental housing-just food for thought. My partner had two kids in FSU one just graduated and one finishing up this summer. Both moved off campus as soon as they got to sophmore year as It sounded like there was not enough on campus housing.

    Best of luck

    Michael

  • Tallahassee, FL · Member since 2013 · 7 posts · 1 vote
    12y

    @Michael Leffelholz Thanks for the welcome, right back at you. :)

    FSU is definitely has a huge impact on housing here. FAMU and the community college are also close by, so there is a lot of rental activity in town. Of course that also translates to downward pressure on rent prices. One of my contacts here advised me to focus my efforts within a couple mile radius of campus if I wanted to do student housing, if for no other reason than that area will never lack for tenants. I haven't decided if that's the route I want to go yet. Thanks for the suggestion!

  • Investor · Tallahassee, FL · Member since 2014 · 246 posts · 89 votes
    12y

    @Jordan Powell

    hello, I just wanted to add that a lot of those students stay in Tallahassee to work after they graduate. plenty of them looking for housing off campus as well

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