All Forum Posts by: Jean Marx

Interesting article! Thanks for sharing Keith.

Hi Cole - 

My husband and I are a real estate team out of Missoula but I grew up in Hamilton and work out of the KW office there once or twice a week. I'd be happy to help you look into the land situation. Background-wise, we've primarily been doing the BRRRR strategy out-of-state but we've shifted our focus locally and are working on a short term rental unit in our daylight basement.

I'll shoot my contact info in a message.

Hi Brady - We just moved back to my home state. I grew up in the Bitterroot and now have a house under contract in Missoula. My husband and I invest in Little Rock, AR and are licensed agents in both Montana and California. We've been a little bit of everywhere between the Air Force and my software job so it's super nice to be back living the life of mountain scenery.

-Jean

Congrats on your next steps! My husband is retired Air Force and he used the SkillBridge program to work with an realtor/investor out of CA. He'd recommend the program to anyone. I'll send you a PM with some contact information as I'm sure he'd be happy to chat with you about his experience since it's directly related to real estate. Additionally, we invest in LR and used to live there. I have a couple of realtors that we've worked with that are investor friendly. I don't know if their brokerages are interested in partnering up for skillbridge but I can a least give you some contact options.

We have a buyer looking around that price point. Send me a message with the details and we will bring them out for a showing if it fits their criteria.

I can't speak for Little Rock overall but we do own a few properties in Little Rock Metro. They are both associated with solid schools and we do allow pets in one of the properties. The first one in Cabot has been a rental since 2011. It's never been vacant and we've only had two tenants in it the entire time. The other was a recent BRRRR in NLR that we put on the market for rent at the beginning of COVID. It rented at the price point we wanted which was a little high for the area but the property is also more updated than most. It was posted on a Friday with tenants selected for background checks by Monday. 

Hi Kyru - There is a West Sac meet-up that has done well pivoting to an on-line platform. They basically have a general session and then break-out into various rooms of 3-5 people for networking. I believe they typically meet on a Monday at the beginning of the month.

https://www.meetup.com/West-Sacramento-Real-Estate-Investor-Meetup/

Hi Tekota - We're fans of the Little Rock market partially because we used to live there, are familiar with the area, and still have contacts there. However, it's also relatively easy to find opportunities that cashflow, the price point is reasonable (especially in comparison to California), and the laws are very landlord friendly. 

With COVID, I've noticed that a number of meet-ups have gone virtual. You can always join those even from a distance and start networking in your desired market. Some are better than others for getting to interact with other members but you don't even have to leave the house to check them out. I also agree with everyone else in regards to building a team, it takes time and you'll likely have to weed through some people that aren't a good fit for your goals but you'll definitely builds momentum the longer you work in an area.

@Shane Gordon It's definitely possible. You're right about the appreciation; however, we invest there for the cashflow and aren't overly concerned with the low appreciation. As far as having the BRRRR strategy work, you have to buy something at the right price with the potential to add value through rehab. We purchased a property for $125K, spent a little over 30k to update it and it actually just appraised today for 200K. We're refinancing the majority of the money back out and still have the cashflow we want plus the $ to turn around and do it again. I will say that it was a little interesting when COVID shelter in place orders first hit. The investment property cashout interest rates skyrocketed so we decided to hold off for a few months until they normalized into something that made sense.