Rental Property Investor · San Diego, CA · Member since 2016 · 119 posts · 129 votes
Hello,
My Name is Ramsey and I am new to BP forums however I have listened to the podcast for about a year now. I am active duty in the Navy and began investing once I moved to Panama City Fl, and could not find a place to rent, so I decided to buy. That was my clue to purchase rentals because they were renting very quickly and leaving very little time to shop around. I started two years ago and now own 12 rental units. Mostly 1br/1bath units with a couple 2br/1bath. Currently in the middle of a 7 unit complex rehab. I plan to move back to the West Coast (San Diego) for my next tour and would love to meet some local PC investors to partner with so I can continue investing in this area when I transfer. Also looking to connect with investors who can use my drive, attention to detail, and ability to handle logistics while working under pressure. I have hit a point in which I need to partner in order to scale.
Nice to meet everyone!
Ramsey
@William Allen Thank you for the tag! For some reason my keyword alerts aren't working and I wouldn't have seen this.
@Ramsey Blankenship Welcome to BP! It is certainly a great place to learn and connect with other investors. We host a monthly meet up in Fort Walton Beach every last Tuesday of the month. Please check out the following link FWB Meetup.
There is an active real estate meetup organizer in PCB as well. I haven't been to one of his meetups but I am hoping to make it out there soon. Here's the link to the page PCB Meetup
Sounds like you are doing pretty well! What rental rates are you getting for your 1 bedrooms? Would love to chat with you sometime regarding the rental market there in PCB.
Welcome to BP, I am an active duty investor in the Pensacola area so we aren't far from each other. It looks like you have done well and are adding those rental properties quickly, very impressive. I know a couple of investors over there who are doing some good things, I recommend you check out the meet ups and REIAs in the area.
Get in touch with @Arianne L., I think they recently started a meet up not far from you. Good luck!
@William Allen Thank you for the tag! For some reason my keyword alerts aren't working and I wouldn't have seen this.
@Ramsey Blankenship Welcome to BP! It is certainly a great place to learn and connect with other investors. We host a monthly meet up in Fort Walton Beach every last Tuesday of the month. Please check out the following link FWB Meetup.
There is an active real estate meetup organizer in PCB as well. I haven't been to one of his meetups but I am hoping to make it out there soon. Here's the link to the page PCB Meetup
Sounds like you are doing pretty well! What rental rates are you getting for your 1 bedrooms? Would love to chat with you sometime regarding the rental market there in PCB.
Arianne L. Thanks for the invite! I have been to a few meetups here in PCB however the ones I have made it to are during lunch on Thursdays when I work. I REALLY REALLY liked what I saw!
For my freshly renovated units I am getting between $700-$750 in "okay" neighborhoods on the city side. That includes water/sewer/trash. For my lower end units in rougher areas, I am getting around $500 for 2/1.
Returns are good however inventory is getting low. I used Trulia and Realtor to find deals because I didn't know any better and still have not cracked the off market code. I feel like there are deals to be had all over because driving through neighborhoods there are neglected properties everywhere but they are not on MLS.
Hey there! That's an impressive portfolio for such small time in the area! I am active duty Air Force at Hurlburt Field, also a realtor. I'd love to chat with you about helping you out with your rehabs / any other projects you've got going on. We are starting a property management company as well to help with investors rentals. Shoot me a PM anytime I'd love to chat.
My wife and I are looking to have a similar portfolio in the next few years.
Currently in the process of securing our next investment property.
We are actually looking to invest heavily in the LTR market in the area. I understand that margins might be tighter, and income may not be as attractive as the STR market, but we also don't have the capital, time, or competitive edge to deal in the STR market in the 30A corridor right now.
Don't get me wrong... I'm still analyzing deals.
Maybe looking to do a Q3 or Q4 partnership purchase for a LTR.
For now, just building a network. Happy to connect with folks. Also, happy to be the "boots on the ground" for any potential deals.