All Forum Posts by: James Wills

@Ali Boone

I do have some questions, I'll email you soon. Seems I need to do some of my own research first though.

@Dave Visaya

Thanks!

@Mike D'Arrigo

I would really appreciate that, thanks.

@Ali Boone

Good read. I think turn key, buy and hold is what we are looking for, although I'm not opposed to a great deal that needs some work. I am a general manager for an IT firm that I sold to a larger corporation. My wife is our bookkeeper and we are very busy for people still in their 20s. I am very interested in getting more involved in our investments but at this point our company demands too much of our time.

Our goal is to acquire enough units to retire early, not really interested in flipping.

I just purchased "Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth" based on "BiggerPockets Presents : The Best Real Estate Books Ever".

Are there any books on putting together a team and/or investing outside the area? Do the landlord books on the list cover this?

@Jonna Weber

Thanks for the offer, I will certainly be in contact. Do you mind if I ask a few questions about REI in Idaho as they come up?

@Ali Boone

Thanks for the response, makes me feel much more comfortable about investing elsewhere.

@Ramon Jenkins

Thanks for the welcome :)

@Brandon Turner

I have read it already and listened to a few podcasts on the subject, I updated my keywords :)

@Thomas Bernota

I'm both sad and glad to hear that my initial research on our area is correct. I'd be glad to meet and talk REI.

That's good to hear. I had read some about that, but wasn't sure how difficult it would be for a new investor. I'll have to look for some further information on that topic.

Hi,

I ran across this site a week ago while doing some research on REI one night after playing cashflow. I read the "The Ultimate Beginner's Guide to Real Estate Investing" and got a lot from it, thanks for that.

Since then I've read several articles here and listened to several pod casts, very impressive.

Anyways, My wife and I made a commitment to living debt free awhile ago (Should be out next year), and we believe REI is the key to our retirement goals.

My concerns about REI in our area is that we have much of the cost of California, but not much in the way of industry/jobs/pay. Also, it was recently reported that 1 in 7 rentals are turned into grow (Marijuana) houses here. Growth is stunted here for a variety of reasons so most homes are very old.

I am concerned about putting away 50-100k for a down on a quadplex for a first time investment when other areas seem to have much cheaper housing allowing for equity to be started much sooner and subsequent properties purchased faster. Based upon my research so far, getting a decent property to cashflow would likely require an even more significant down.

My wife and I are considering Idaho and plan to make a few trip there over the next few years to see if it would work for us. I understand it's not recommended for beginners to purchase out of the area so I prefer to get advice and do my homework first.

Sorry for the long intro, I have a lot of thought going into this :)