All Forum Posts by: Christopher Ramirez Babinski

Oh wow, that is awesome! Thank you for that information @Melissa Justice. I am absolutely interested in doing long distance investing, but am in the middle of a project at the moment. 

As for my full time job, I'm not sure that I will continue to do this but at the moment it's my current capital that I am using to work on these projects. As soon as I can figure out how to get more capital through investing and I can get efficient with managing projects, I definitely intend to leave my profession to pursue full-time investing. 

That being said, do you think that turnkey property investment is lucrative? Something that is appealing to me about rehabbing a home is the built up equity to turnover into another investment. Is that possible with turnkey investment properties? 

Thank you for taking the time to post such a thought out reply, it means so much to me! 

Chris 

@Kerlous Tadres a great attorney is a great idea too. That is one thing that I haven't seen come up in the BRRRR book. But it's a really good point, especially when investing outside of your local state. Thank you for mentioning that.

Awesome! That's good to know and very helpful information! Thanks for taking the time to respond! Have you done long distance investing before? @Kerlous Tadres

 Brian, this is solid advice and I really value that information. Thank you for replying and providing that info. 

@Chris Barrett that's good to know. I am looking all over the country, scared to do long distance right off the bat but these are not cheap properties in my area in wa state haha 

Hi everyone! First time poster and brand new to real estate! I am currently a kindergarten teacher working towards financial independence. 

I was just curious, about how long should it generally take to find a "good buy" that is worth fixing up? 

Additionally, I'm curious, how successful are long distance investments right now? 

Thanks in advance! I can't wait to hear from everyone! 

Chris

Hey everyone! I'm currently a kindergarten teacher and I'm very new to this but I am so excited to get started. I'm currently feeling very inspired and motivated by the BRRRR method book and am anxious to find my first deal!

My question for the community is "how often does it usually take you to find a good deal on a property?"

Also, feel free to introduce yourself! I'm excited to get to know this community better! 

Thank you @Layth Alrikabi, I appreciate that! Right now, I'm currently struggling to find "the deal." There's a lot of fear out of my own ignorance. I'm trying to figure out at what point I can trust myself to pull the trigger on a property.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $290,000
Cash invested: $17,000

We originally bought this as a house to live in. Then, we got a major upgrade in our salaries and decided to upgrade. We retained the house for some cash flow. Then we started learning about real estate and investing opportunities and decided to ultimately retain the property and continue to pay the FHA loan on it because the loan is sitting at 2.8% which is unheard of in our current market. Eventually, we will work to pay this property off and use a HELOC on it to purchase more properties!

I think for me it was reading the book. I was doing my business all wrong. I haven't closed on any "good deals" so to speak, quite yet. But am really looking forward to changing my business to be more efficient as described in his book!