All Forum Posts by: Alex Franks

I just had a consultation with a US immigration lawyer about this yesterday :)

EB5 is around 500K-1M of investing in a certified project that benefits a state or a city

(from my understanding it's local projects like building a train station or similar etc...)

the returns are very poor, but this solution is like a subsidized "loan" from the government

and the only reward the country can give the investor is the appliance to a Green card.

after this it is measured within 2-5 years since the inception of this "investment" (i write with a quotation becasue the return can be as low as 1-2%)

it's literally an organized legit way to purchase a US green card.

Hello all,

     New to the Bigger Pockets Community and would like to introduce myself. I am retired military that managed to aquire my first rental property from a friend that had to perform a 365 day tour of duty to Korea. I assumed the VA loan to alleviate the financial burden of paying for two properties. The purchase has proven to be very lucrative for me and I have continued to make similar purchases. I am now looking for student rentals with one mile of major universities.

     I am currently residing in the Cary North Carolina Area and looking to meet with and talk to like minded individuals. I look forward to collaborating with the Bigger Pocket Team.

Derrick

@Mark Prochovs , be careful when posting that you have that kind of cash in a public forum. You are likely to be inundated with contacts.

What sort of climate are you interested in? Will you be working after you arrive? Does any particular area of the nation seem intriguing?

@Alex Franks thanks Alex, I'm lookin to invest in long term I ran some numbers on a few properties (conservatively) with the bigger pockets rental calculator and I was seeing 12%-16% at the end of the month on a few properties. Figured this is decent for Long term let me know your thoughts. 

Thanks Mario.  

Way to go @Jay Hinrichs! I'm still looking out for lots for you! You should come to lunch with our little group next time you're in town. 

I agree that cheap money is great, but it's more important to find the right deals. It's worth paying a little more of premium for readily available funds when you've got a great source of deals coming in.

Currently I am working in the Middle East as a government contractor with  aspirations of diving into the many areas of real estate investing very soon.  While I understand that my presence is needed for a large majority of the transactions and progress as an investor, I am wondering how I can begin building my portfolio from my current location.  My overall goals include wholesaling as well as buy & hold properties and the occasional "flip".  Thanks

Hey BP,

Who are the best lenders to finance flips or short term hold properties in Charleston, SC. I'd like to get a traditional mortgage or a home style renovation loan but this property will have to be an investment (not a primary or second home).

Thank You

Most importantly, a dedicated husband and father of two.

I do have a flexible "day job" but a growing buy, rehab & hold portfolio of around 10 single family (some occasional turnover) with a target growth rate of 3 houses annually.

Family was/is heavy in real estate growing up and have personally owned properties since 1999 (bought first when in college).

Currently considering shifting focus to a small (12-36 door) multi unit property or possibly the right commercial out parcel.

I travel the South East for "day job" so focusing on South Carolina & North Carolina (but possibly GA or eastern TN if scorching deals).

Have some experience in wholesale and flip, but primarily focused on properties needing updating or major renovation to add to "hold" portfolio with a plan to shift to multifamily and commercial over the next 5 years.

Hey my name is Mario I'm currently in NY but will soon enough be in North Carolina. I'm a licensed electrician by trade and I'm looking to get into rental properties in the Charlotte area and about an hour or 2 radius from there. I have experience in multiple renovations (not mine unfortunately) that I have done with a buddy of mine. If anyone has any questions for me regarding electrical I can happily answer them for you along with most renovation questions.
Thanks and looking forward to gaining a wealth of knowledge from the site.

@Curtis Waters @Alex Franks Thanks guys. I think I will push that to the back end of my todo list until I am up and running.  In terms of agents, meetups then? Any agents you could recommend that would be worth an introduction hello?