All Forum Posts by: Jason Carter

@Jason Baldwin Of course you want to check all the sites and pound the pavement yourself but this is also a case where you can use the power of relationships. I've walked neighborhoods mid-day that seem perfect only to find out they are crime-ridden. I recommend hitting up as many investors (local and out of state), agents and managers as you can and try to get that insider knowledge. For example, from this thread alone, if I'm interested in Vegas, I would DM @John M. and ask for more specifics. Then I would search for more investors there and do the same. That will lead to agent and manager recommendations. Hit them up too. If you're going to invest out of state,  it's important to find people you trust and get their opinion. And share any information you find with those investors - create win-win relationships. Not only will you get a better understanding of your market but this can lead to new deals, new partners on deals, friendships, etc. In other words, it opens doors. 

Another way to do it is to bring a partner in to cover the remaining down payment and just split the profits. 

How to start in real estate investing (IMHO) - House Hack. 

Look it up, learn it, do it, repeat, repeat, repeat.

DM'ing you right now. 

Jason Aurelius Sawicki I borrowed from 401K to buy real estate and have zero regrets. I actually think it's under utilized. BUT I only borrowed 10K, which is a big difference. I never felt it as I made the payment on the 401k loan the same amount as my contribution, so I just continued making contributions or in this case, loan payments, and it was paid off pretty fast.

That house turned out to be my best of all time (thanks to Austin, Tx appreciation and a 15 yr mortgage) and I've since 1031'd it into a $1M commercial property. 

That said, I think @Clayton Mobley brings up some very good points to consider. (Although the 401K and real estate are both gambles to certain extents in my book.) But one other concern - isn't the 401K loan due immediately if you lose your employment? I remember that being my biggest concern. 

Just make sure you know what you're doing. 

@Daniel Fresella smart move. Repeat this strategy at every one of your assignments and you'll be very well off. 

I've been told Sherwood and NLR are good areas for rentals but I'm sure some of the local Little Rock investors can give you more insight. Best of luck! 

Hi @Amanda K.,  check out @Antoine Martel, he sells turnkey in Birmingham and a few other cities. 

@Dawson Vorderbruegge you may want to talk with @Rob Drum. He's an agent who works with investors and has helped me. 

Actually I should have said a reputable or trusted realtor or two or three. While there are great ones out there, there are also many that are far from great. 

Adding a bathroom is almost always a plus but not always necessary. In many places a 3/1 is normal. 

Look at your comps and that should tell the tale. Are 3/1's selling in the area? And what is the price difference from a 3/2? That should help you decide if its worth the time, money and effort to add one. 

If you can't tell from that, just ask a local realtor or two.