All Forum Posts by: Blake Dailey

Hey @Emery Jensen glad to hear you are looking to get into the investing side. I started with house hacking using my VA loan down here in FL and have a mix of short and long term rentals here. I would suggest using your VA loan to house hack if you weren't about to deploy. You have to sign paperwork at closing stating that you plan to occupy the home for at least a year so that might be tricky if you already know that you are deploying.

This might be a good opportunity to take the cash you have built up, or will build up over the deployment, and invest it passively while on deployment. There are things you can do like notes, or turnkey single family, or multifamily syndication like I do. There are good options to invest passively to get your feet wet and also be a little more hands off during a time when its really tough to do anything actively (like on deployment). Where we are in the market cycle it also might not be a bad idea to save up cash during your deployment, spend that time aggressively educating and planning, and  invest when you return home and then hit the ground running. 

@Reggie Rearden If you are in town on August 5th come out to the PCB Investor meetup at Fishale at 6pm. There will lots of investors there for you to speak and network with as well as those who have Airbnb units here in this market. If you can't make it I'm sure @Crystal Ball could help and connect you with some good folks.

Details

The mission of the PCB Real Estate Investor Meetup is to educate and empower current and future real estate investors, owners, managers, and operators by engaging with like-minded individuals and learning from experienced real estate professionals. What is included in a REI Meeting:

• Training on multiunit/multifamily and other real estate topics

• Discussion of the current real estate market and recent trends locally, regionally, and nationally

• A review of off-market deals and investment opportunities

• Question & Answer Session

• Open forum for discussion and socializing before and after the presentation.

The group will meet in the back room of Fishale restaurant 7715 Front Beach Rd, Panama City Beach, FL 32407. The attire is casual, come in your "just out of work" gear, or flip flops and shorts. Mark Zuckerberg and Richard Branson don't wear suits to make money and neither should we. Grab a beer and maybe some apps and lets talk multiunit apartments or anything real estate related! You don't need to have any experience to join, but must have desire to make yourself better and those around you better.

https://www.meetup.com/Panama-City-Beach-Multiunit-Investor-Meetup/

@Michael Ferrell sellers agents can definitely be a hassle when looking for investment properties, they are used to dealing with different sets of clients.

As for the property search, I have found that you can live for free by house hacking here using short or long term rentals. My wife and I actually net positive renting a mother in law suite attached to our house on Airbnb. Looking for places with those kind of units, or detached apartments can be overlooked as a good house hack strategy when everyone preaches duplexes through quadplexes, so I have found the competition to be a little less with the extra units and potential to be just as profitable. That may be something to look into as well for you. 

Also the area is great for short term rentals, so using that as a strategy to house hack can work.

@Brie Schmidt I just got my ticket! What got me was the Whova app that you are doing the summit through. It looks like a good way to do break out sessions and still network with other investors. And the dedicated "coffee breaks" throughout the days to still get to talk to people. That has been the downside of virtual events since covid but I think this will be a really good way to still learn AND network!

If this lender makes a deal out of that you should find a new lender. You can get up to 4 units with an FHA loan. I have never come across a highest and best use scenario for a property to get lending and that may be the lender's limited thinking or understanding.

@Nick Love I'm an early riser. I get up at 4:30am every weekday and most of the time on the weekends to get up and start the day off right. I go through the whole Miracle Morning, respond to any emails, and plan my day ahead. I feel like my days are way more productive when I can wake up early and gain my focus and clarity for the day before the hustle of my day starts. Then, with being active duty military, my evenings are spent of building my multifamily business.

@Brenner Murray looking as young as you do you may get some push back in all honesty. However it is also an opportunity to show that you are making deals happen at a young age, people love to route for a young guy doing big things. That being said, most wholesale landing pages I have seen have not had the wholesaler's face on their but more of a call to action and statement of benefits. This is a route you could go, but don't be scared to put yourself out there. Especially when you look back in 5 years and see that it worked, it will show others your progress and dedication to the process of your brand is your business.

@Michael H. Do you mean bring the capital to become a GP in order to learn the ropes? Or do you mean pay into one the multifamily mentorship programs where if you find a deal they will help you get it done?

The school zone is important to consider - maybe more so when selling because families will spend more to send their kids to a good school by buying in that school zone - but the same is true for renters as well. All things equal, being in a good school zone will help you fill vacancies faster and potentially charge higher rent. But you don't have to be in a great school zone to rent well, it will just increase your demand.