All Forum Posts by: Doug Smith

@Jonathan Bombaci

Hi Jon,

I am very happy to see this happening. I am a newbie and I found Pints and Properties, signed up to attend a meet up and then COVID happened. What is the day and time for the online meet ups? Thank you.

Doug

@Alex Griffith

I am in the Harnett/Sanford area and I am by no means an expert, rather a newbie as well. What I will tell you is that when it comes to multi family in Fayetteville they are generally over priced or in war zones.. i.e. Fayettenam. That doesn't mean you can't do it though. 

I would however like to throw another idea at you. When you graduate you will be a LT and LT's love to live together, they also prefer for the most part to live in the Southern Pines or Pinehurst area. Both of those areas are established and sought after areas i.e. appreciation will continue to go up. You could house hack a SFH 3/4 bedroom (most have a bonus room you could also rent out), you could live in one room and rent out the others. You will have tenants that typically will be there at least two years and because LT's love to live together when one moves out there will be others waiting on your front porch to move in. When it comes time for you to PCS you lower the rent for the room mate you trust the most and he/she becomes your Property Manager and you keep the circle going.

Additionally, because you will be living there you could use your VA loan to purchase the house for zero down and although your credit score will need to be decent it doesn't have to be anything spectacular. PVT's get VA loans all the time and typically their credit is not the greatest. The most you would have to come out of pocket is some due diligence and home inspection.

Hope this helps, study hard and stay safe!
 

@Tony Robinson

Fantastic story and insight shared. Thank you the details and the house looks phenomenal! Just the motivation I needed right now, keep doing what you are doing and thanks again for sharing!

Doug

@Carl LaPiedra

I couldn’t agree more with @Chris Stroup. In addition another couple books you may want to pick up are “The book on estimating rehab cost” by BP and “Building wealth one house at a time” by John Schaub. It talks a lot about financing options and negotiations.

I am just starting out as well and really look forward to hearing about your success!

Doug

@JD Martin

Thank you very much for the candid comment! It honestly looks right now is a great time to build capital and wait to see what the mark will do after all of this corona business. I have a fairly decent construction back ground but am currently 16 yrs active duty Army so I have to finish up there before I get 100% into the RE game. Part of my plan right now though is to find someone local that I can add value to and learn from. Whether it’s helping rehab some stuff or other leg work I don’t care I just want to invest in someone with what I know so they can do the same for me!

@Ryan Daigle

Thank you for reaching out and I will be in touch for sure.

@Joseph M'Mwirichia

Thanks for the response and the video! It was great, I am going to watch it again. Great stuff.

@Kori Kelly

Right now I’m using Travelers through Geico. It saved me about $800 a year from USAA. I spy about $135 a month on 1900sqft 3/2.5.

@Olajuwon Morgan

Nice job, it looks great!

@Olajuwon Morgan

Great job! I would love to see some of the inside before and after.