All Forum Posts by: Emily Howlett

@Kevin Le it may help to mention how much you are hoping for this private investor to invest, for how long, etc. Everyone has a network, and the more you can narrow down what you’re looking for, the easier it is for people to find the right person to connect you

@Freddy Alban Please do connect! Send me a message anytime.

@Jenna Bamlet I would agree with everything that’s been said so far: don’t do it. It sounds like the plan you’ve come up with is fairly complex for what you’re wanting to do. And if you do go forward with it, find a solid attorney.

@Marian Huish might be a good agent to work with. She’s an investor herself and also works with investors. 

@Manuel Diaz you should consider working with a realtor. Zillow and Redfin are helpful but they’re not always up to date. An agent can set you up to be notified as soon as properties come on the market and also be ready to help you out an offer in. I also agree with the comment to have a preapproval in place. Without that, you’re going to introduce unnecessary delays that could cost you a deal. 
As for the comment that there aren’t that many MF properties and the prices are nuts, that’s not completely accurate. There are fewer multifamilies, but the prices can be reasonable depending on where you’re looking/interested in. 

@Marshall Brown Welcome to Jacksonville and the next adventure!

As Tyler said, you may not need to worry about cash flow, as cutting out rent would essentially equate to a form of cash flow since you won’t be spending money on rent. In addition, depending on how you charge your tenants, you’ll be saving on utilities as well. At the same time, you’ll be building equity in the property that you buy using other people’s money. Wins all around!

As for finding a multi family property, they’re awesome to have, but don’t miss out on a great opportunity with a single family property if that’s all you can find.

Happy to chat if you have any more questions. Just DM me.

Cheers! 🥳

I'm sorry your realtor never showed up. That's completely uncalled for. 

That being said, keep looking for a good realtor and a good property. As someone else already mentioned, you don't need to find a dream deal for your first property - something solid will do to get you started in the business and help you understand how things operate and what you want in the future. Another thing to think about - don't limit your possibilities. I've heard it many times that when the right deal finds you, you find a way to make it happen. Don't be afraid to be creative (all within legal bounds, of course) with your financing!

I hope you find a good deal soon! 

Hi Bianca! A lot of the answers to your questions come down to "it depends". Some questions to consider: Are you willing to get a place that doesn't cashflow but is in an area that is likely to appreciate? How long are you planning to live in the property and would you be looking at keeping it if you moved out? Are you willing to commute further (as someone mentioned about Fredericksburg)? If you're interested in chatting more, feel free to send me a PM and we can arrange a time to talk. 

Hi Aubrey! Welcome to the forums and to a whole new adventure with investing. The BP community (podcasts, forums, blogs, etc) is a great place to learn, but don't forget to get out and start analyzing as many deals as you can! I'm an investor in the Eastern NC area as well, and it's a great area to be looking. Feel free to reach out if you have any questions or just want to chat.