All Forum Posts by: Dillyn Davidson Saurdiff

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Looking at this for my first purchase.
My struggle with finding a deal in this area currently is I m using an FHA loan which means it must be move in ready, using a low down payment, and homes aren't the cheapest in my area. I am not using it as an excuse, I just know it will be hard to find a great cash flowing property with my current situation. My goal at this point is to get my first property, it doesn't have to be a gold mine. I just want one that doesn't lose money, and wont be a big fixer upper project.

This would be an awesome first deal. It is two separate units. One Unit 3/2 I'd rent that. the other is a separate 1/1 I'd live in that. 

I did 0% for vacancy because vacancy is so low in this area, deal still works with a vacancy amount
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I also did 0% for property management because I will be managing it by myself for at least the first few years. I am wondering if BP members agree...Its ok to calculate 0% for property management...I am assuming in the future, around the same time I want to hire a property manager I will be able to refinance and get rid of my PMI which will be a close expense to prop. mgmt. and the home will still be cash flowing.

Any thoughts on that idea and my deal in general.

Just starting out. About ready to purchase first property. How do I go about seeking out a lawyer? I don’t have any issues yet but I’m sure I will have legal questions soon. I can’t pay a lot just to have them on payroll.

I know an important member to have on your team is a lawyer, I just don’t have a clue how to go about getting one.

@Daniel Hankins

I have been working out a very similar business model in my head lately. I can not find a ton of information on other people using this model. Have you found any resources to help with your decision/plan to offer this rental type equity?

Hello Oregon Coast! Lets get together and talk shop!
Everyone Welcome, all experience, all real estate interests.
We will meet up at the bowling alley starting at 6, plan to hang out to around 8. We spent our last meetup around a table in the dinning area and it worked out great. We are more than welcome to go bowling if we wish. You may stop in at any time, but early attendance gets you a better chance to meet everyone. Exchanging contact info encouraged. We do a round table dicsussion type meet up. No topic planned. Simply get together with awesome like minded people and see what we can learn and teach each other. 

Please shoot my a personal message so I can keep track of who is planning on joining. If you have considered joining a meetup but haven't done it yet, please make this your first! I think you will have a lot of fun.

@Carlos Lopez can't wait to meet you

@Darrian Phillips This is an awesome scenario to discus. I’m sure there are many arguments for each option. I’d love to hear them talk about this.

@Brandon Turner Should a first time buyer spend every penny They’ve saved on the down payment of an FHA loan on a multi family to house hack (given all numbers look good, expenses paid, and a little extra cash flow cushion for maintenance and capX)....or should they wait an extra year to start shopping when they can maybe have a $15k backup reserve cushion?

Finally! a North Oregon Coast Meetup Event!

Over the past few months, a few other local Bigger Pockets members and myself have connected through BP and had awesome and motivational meetups. There is something special about meeting with complete strangers knowing you have similar goals. I just bought a BP Pro Membership so we could do an official event and hope to get more members gathered for an awesome evening. 

We are calling all investors from all levels and all categories of real estate experience and goals. Anyone interested in real estate investing and networking is welcomed and encourage to join! Whether you have years of experience or just interested in learning, please stop by. This is a very casual meetup, in hopes of gathering like minded people in this smaller community of Clatsop County.

We will meet at the Gearhart Bowling Alley on Tuesday Febuary 5th at 6pm. We have a table reserved at 6pm and a couple lanes at 7pm. Let's meet in the dining/bar area for an hour and if we feel like bowling we can!

Please, Everyone... If you can make it...please do! I have no clue how many people will attend. I know there are not a ton of BP memebrs in this area. If you can stay for the whole 2 hours that is great! If you come late thats is fine! If you can only swing in for 5 min, say hello, and drop of some businesses cards, that is great too! We will have no agenda of topics to cover, and no one will be forced to give speaches. If you have any goals of building a better life through the power of real estate, meeting people with simliar goals is the best place to start or continue your journey. 

I can not wait to hear from you all! It is not required to RSVP, however I would appreciate it so I know who to expect. We can also exchange numbers and stay in touch on any changes or questions. Please Send me a message. I can not wait to meet you and for you all to meet each other!

Organized by Me: Dillyn Saurdiff...Rookie want to be investor :)

Anyone familiar with Home365? The us AI to offer a flat rate insurance like service to cover all maintance needs.

Just another reach out post to anyone on the North Oregon Coast area. I'm in Seaside, and would love meeting up with anyone from the area. I have done a couple meetups with a few other local members. I'm a newbie always looking to meet more people and do more meetups. 

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