All Forum Posts by: Jared Hottle

Anything can work it is what you do consistently that will show results. For me driving for dollars has been great. Pick an area and go out today. Write down addresses, find contact info and get after it. Talk about a return on your time.

I have had great success with it. Many quality leads. Well worth it. Key is running your numbers and making sure it is renting more then a long-term rental after factoring in higher vacancy, paying utilities, furnishing and more hand-holding. 

I think you are better off connecting with people in your area from biggerpockets and DM'ing them. As well as going to local meetups and networking. Investors in your area will recognize a good deal when they see one and will take action fast.

There could be several reasons why a property has not sold even after being contingent several times:

1. Price: The property might be overpriced compared to similar properties in the area, making it less attractive to buyers.
2. Location: The location of the property might not be desirable or there might be issues with the neighborhood that are causing potential buyers to back out.
3. Condition: The condition of the property might be poor, with the need for significant repairs or renovations. This could be a concern for potential buyers.
4. Market conditions: The local real estate market might not be favorable, with high inventory levels and low demand for properties.
5. Financing issues: Some buyers might be unable to secure financing for the purchase, leading to them backing out.
6. Other contingencies: There could be other contingencies in the purchase agreement, such as the sale of the buyer's current property, that are not being met, causing the deal to fall through.

It would be a good idea to consult with a real estate agent and perform a thorough inspection of the property to get a better understanding of the issues that may be causing buyers to back out.

Yes, applying for a new credit card can potentially impact your mortgage application process. This is because the act of applying for a new credit card generates a hard inquiry on your credit report, which can lower your credit score temporarily.

To increase your chances of still qualifying for a mortgage loan, you can follow these suggestions:

1. Wait until after your mortgage application to apply for new credit cards.
2. Pay down any high credit card balances to reduce your credit utilization ratio, which is a significant factor in determining your credit score.
3. Make all your credit card payments on time to show lenders that you are a responsible borrower.
4. Keep old credit accounts open, as a long credit history can positively impact your credit score.
5. Consider working with a mortgage lender or loan officer who can help guide you through the mortgage application process and help you find the best loan program for your specific situation.

I set everyone up on apartments.com. I try to get them to use ACH for their own savings but some use credit card. I do not give options. This has worked well

It sounds like you have a good plan and a solid foundation to build upon. Here are some strategies you could consider to continue growing your real estate portfolio:

1. BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy - you mentioned that you're already interested in this strategy and it can be a great way to generate passive income through rental properties while also increasing your equity.
2. Multifamily syndication - this involves pooling resources with other investors to purchase and manage larger, multi-unit properties. This strategy can allow you to benefit from economies of scale and access properties that may not have been within your reach individually.
3. 1031 exchange - this allows you to defer paying capital gains taxes on a sale of a property by using the proceeds to purchase a "like-kind" investment property. This strategy can help you keep more of your money invested in real estate.
4. Commercial real estate - you could consider expanding your portfolio to include commercial properties, such as office buildings, retail centers, or warehouses. This type of investing often requires a larger upfront investment, but can also provide higher returns.

It's important to consider your own goals, financial situation, and comfort level when evaluating these strategies. Make sure to do your own research and consult with a financial advisor before making any investment decisions.

Having a PMP certification and experience in Project Management can be a valuable asset to a real estate company. While personal real estate experience is valuable, your skills in managing projects and resources can be applied in a real estate setting. To increase your chances of getting a PM role in real estate, you can network with real estate professionals, attend industry events and conferences, and consider getting a certification in real estate management. You can also look into doing a real estate investment as a side hustle to gain practical experience. It is possible to have experience in real estate as a PM overseas on a part-time basis, but this will likely depend on the specific company and their hiring requirements.

Congratulations on your plans to invest in real estate! To find properties that meet your criteria of warm weather and a safe location, you can consider the following steps:

1. Research online: Use online real estate websites such as Zillow, Redfin, and Realtor.com to search for multi-unit properties in warm weather locations. You can also use online forums and real estate investment groups to connect with other investors and get information about properties for sale.
2. Work with a real estate agent: Find a real estate agent who specializes in investment properties and ask them to help you find properties in your desired area. They can provide you with valuable insights into the local market and help you identify properties that meet your criteria.
3. Attend real estate events and networking opportunities: Attend real estate events and conferences, and connect with other real estate investors to learn about properties that may be available.
4. Utilize real estate investment platforms: Consider using online real estate investment platforms such as Fundrise, Roofstock, or RealtyMogul to find properties that meet your criteria. These platforms allow you to invest in real estate from the comfort of your own home.

Remember to carefully evaluate each property and consider all aspects of the investment, including the local real estate market, rental demand, and potential for appreciation, before making a decision. Good luck!

Listing one unit at a time is a common strategy to avoid competition between units. You can start with the more updated unit to test the market and get a sense of the rent you can charge. If you are able to successfully rent out the first unit, it may give you a better idea of the rent you can charge for the second unit. Once you have rented out the first unit, you can then list the second unit at a more competitive price. This way, you will have a better chance of maximizing your return on both units. However, this strategy requires careful market analysis and understanding of the local rental market.