All Forum Posts by: Jeffrey Holst

Andrew I believe that episode 17 was the one they pulled for Dodd Frank.  

@Chinmay J.  The board activity goal for me is because I know that I have insights that can be shared and I havent been sharing them, and two i know that there are things I can learn by interacting with other investors.  You have 100s of posts so you probably dont need a goal like this one.  Prior to this goal I had posted 1 time so I needed to force myself to take advantage of the forums etc. regarding the podcasts I get it, last year I listened to 40 books on audible , this year I am choosing the podcast over audible for the most part.  I find the podcast entertaining and I feel like I learn a little bit from each one and a ton from some but to each their own. 

I recently got mine after being a investor for quite awhile.  I am happy I did.  I know people who think its a dumb move but there are distinct advantages particularity for a newer investor.  So on balance I would do it.  

Quick Update on the 4 goals

1) BP Posting Goal: posted more than 10 times this month (so ahead of schedule on that) I think the hard part is consistency which means I need to make sure I hit my subsequent month goals.  I think it would be relatively easy to post 120 in next 2 weeks and be done for year which is why I added the 10 per month requirement.

2) Podcast Goal: Just finished show 22 and am getting ready to start the next one.  To @Omar Khan's point some shows are less relevant than others to me.  Show 22 was about flipping high end houses and doing new builds in a higher end market, which is something I am unlikely to do anytime soon but I did learn some valuable tidbits about marketing and website construction.  The main take away from 22 for me though was to be flexible and find the market that makes sense to you.  

3) Self directed Goal: I have identified a possible deal and am doing the due diligence now on it. Its unlikely that this deal will be the one but the only way to find the one is to be out looking.  

4) 100% Ownership Goal: I have crafted a plan to set aside additional resources to ensure that by mid summer I have funds on hand to cover a down payment.  I am assuming Ill need 20% down and will be spending about 75 to 100K so I am targeting a cash fund of 15-20K by summer a fair chunk of that is already set aside but I need to build a little more plus some additional reserve capital.  

@Mike Dymski

The cost was around $1500 and fees are $49 a quarter. The process takes about a month but in my opinion was well worth the effort. 

@Omar Khan Love your goals hope you accomplish all, some day I'd like to get in to non residential commercial real estate, a life goal is to own a tall building, I don't have a specific measure or time line on that just yet but ever since I was very young when I see buildings that are taller than their foot print I think man I'd like to own one of those or I wonder who owns this place.  

 My focus remains on transitioning from Single family residential rentals to multi family residential rentals.  I have been investing with a couple of partners in SFHs since 2010 and we collectively we have over 100, many of which are for sale.  We just completed a 1031 sale and are pre-close on our replacement property.  We sold 27 houses which we are exchanging for a 32 unit apartment building.  Our partnership goal last year was to buy an apartment building which we accomplished in November with the purchase of a 19 unit building.  My dad and I also bought and split a 12 unit and a duplex last year.  

All this is to say that one I do know what I am focusing on and two I still believe that if one has the time, learning about all aspects of real estate is beneficial.  

Wow 2000 posts nice.  Maybe I made my goal too small but good for you.  I hope you make it.

@Adam S.  I think its beyond wise.  In fact, I think just about everyone should start that way or by house hacking.  I have been unsuccessfully trying to get my wife to let us sell our primary residence and move to an apartment.  We have several rentals and I even tried to convince her we should go live in our 12 unit building but she likes the house.  Owning a personal home definitely is a luxury not a necessity.  

At the very least buy enough cash flow to cover your mortgage before buying if at all possible.  Best of luck.  

By the way shameless plug for my recent forum post here about my 2018 goals.  I'd love it if I got some more people to join the discussion.  

https://www.biggerpockets.com/forums/48-general-re...

I don't know what happened to 21.  Sorry.  I'm fairly sure I never listened to it...

quick update. Just finishing podcast 22. looks like 21 is missing from Google play so I'll have to go track that one down. Hopefully some Chattanooga or other local people will want to jump in and participate in my posting or podcast challenge.

Neighborhoods everywhere are subjective and depend on the type of properties you are looking for.  I see properties under 40k in some areas in Chattanooga frequently and I never buy them but other investors I know love these deals.  

I have been buying duplexes in Chattanooga off Highway 58 over towards Harrison and have been happy with those but I know people who hate that area.  

If I was coming in from out of town I'd look at Red Bank, Hixson, Lupton City or if you want pricer trendier areas maybe Northshore.  

East Ridge and some areas in North Georgia near East Ridge are also very appealing.