All Forum Posts by: Chase Wheeler

Hi Bigger Pockets Mentors, Recently my condo had a vote for a reassessment of the property. If majority condo owners vote in favor of the reassessment, then each owner will be forced to pay 50k to improve the building and its amenities such as the lobby, gym, pool, walkways, etc. Not only will amenities be improved, but the HOA fees will be reduced as the fee from each owner will help pay off a debt owed by our building. The measure passed which means each owner has to pay. The problem for some (fortunately not me) is that they are older and are on fixed income. As bad as I feel for these people I cannot help but see opportunity during this time. The people who cannot afford the reassessment fee will be forced to take out a loan or sell. This is a sensitive subject and this is where I need your help! I want to draft a letter to all home owners in the building that says I understand what they are going through if they cannot afford to pay the fee, and then offer save them from debt by buying their house in cash at a discounted rate (including the assessment fee I will be forced to pay upon purchasing). I am drafting my letter now and would appreciate any templates or tips on how to approach the situation. Any help would be appreciated. Thanks!

Hi All! My name is Chase Wheeler and I am fairly new to real estate investing. I heard about biggerpockets from a podcast that was recommended by a friend. I am 25 years old from California. I have been around real estate investing my whole life; my parents are involved in investing in rental properties (duplex, triplex, quadplex). I have been involved in helping them search, renovate, and rent out many of their properties.I also have a background in construction. I figured it is time to venture out on my own and begin my investing career. 

I am have goals to eventually turn real estate investing to my full time business. My short term goal is to invest in a real estate property within 18 months. I am interested in up and coming areas that are not too expensive (ex. West Oakland, Atlanta, San Antonio). I hope to learn how to buy property with limited funds or find angels willing to invest. My reasoning for wanting to do real estate investing is I find joy in having a vision of my own and fulfilling that vision based solely on hard work and hustle. My background in construction and a family business of rental properties makes real estate investing perfect. Not to mention providing others with a necessity of life is as fulfilling as it gets!