All Forum Posts by: Jeremy Wirths

@Koen Ballantine if the property ARV is truly 3x, and there isn't much for repairs as you state, then you won't have any problems finding a buyer, in any market but especially right now. If you have a team in place to do the repairs then why not flip it? If you are planning on doing repairs yourself remember to factor in your holding costs and the longer you hold the more risk you take in a market change. I'm not saying one will happen.

Vu,

That is quite the area you are looking at with many different market types. 2 hours will put you anywhere from Millinocket, to Lubec to Boothbay Harbor. In that range, Bangor is your biggest market. But I'm not sure on it's STR space. Millinocket will get you hiking, rafting, snowmobiling traffic but you'd be lucky to hit 100 days a year. Anything along the coast is going to be attractive but will the numbers work and what are the local STR regulations? I would narrow down your search area and then look at local STR regulations and proceed from there.

@Austin McAnena I would speak to three of each of your team if possible. That way you have options of who to go with. Figure out who you like the most, who can bring you the most service, who fits the mold the best of what you are trying to fill. Don't forget to consider CPA's, lawyers and insurance agents in that area as well. Their local knowledge is just as important.

@Emmanuel Enos there are many military investor specific resources out there. @David Pere has a fantastic podcast called 'The Military Millionaire' as well as a mastermind group. 

@Michael Glaspie has a book called 'The Elite Investor - A military approach to real estate problem solving' He is also a co-host of a podcast called 'Military Cashflow'

There is also 'Active Duty Passive Income' which is a platform to check out as well. Between all that you should be set for information for a while. 

@Victoria Hill Have you searched for any meet-ups in your area? I would attend (virtual or in person) a couple of those to better determine who is doing what you are looking to do and what personalities you might get along best with

@Young Kim Have you searched the 'events' under the Network tab?

@Brian Walters Yes I would search Las Vegas in the forums. You can also search members from Las Vegas and surrounding areas. You can search for meet-ups in the area and see who is hosting/RSVP'd to them. Once you have a list, ask them who they have in their networks and see if there is a pattern. You can also hit up Google and search Las Vegas and get creative with what you add in your search terms. 

@Miller McSwain said. Start analyzing properties in the market you are moving to that way when you are ready to buy you'll know if the property is a good deal or not without delay. Vegas is a larger metro, do you know where specifically you will be moving to? If so, focus on that area. Also as mentioned, start reaching out and forming those relationships and building your team that way when you move that will already be taken care of and you can hit the ground running.

@Jose Aguilar there are many different areas of REI. I would first ask what area is it that you are specifically wanting to invest in? What type of investor do you want to be? More hands-on, -off or somewhere in between? Have you determined your goals?

@Jeremy Garrett @Brandon Andreola is out in PHX, I know it’s a large metro but he’s an investor in the area and could help guide you along