All Forum Posts by: Josh Obregon

Jared Garfield I tried send you a message with the information you requested. Let me know if you got that because I kept getting an "error" pop up.

Rick Maningas thanks for the heads up. I plan on looking up the details on land contracts before jumping into that option.

Jared Garfield I'll send you the information you requested. I look forward to possibly working with you.

Jarrod Cook what is your interest level in buying. I would like to sell.

Anastasia Jordan the house is approximately 1000sf 3/1. To my knowledge the property needs some drywall repairs and flooring in the bathroom. The current tenants did a number in the property. Tim Davis thank you for your input. I need to get some more information on the land contracts.

Tom Mole thank you for your advice! That is why I joined BP to learn from others. In short got too over zealous about taking action without a solid education and made many newbie mistakes in the purchasing process. I have learned A LOT! And it hasn't been a total bust given that my worst year I got a 16% ROI that included a 6 month vacancy. Mike Sedlacek I've never heard of a land contract. Than you for the information now I need to do some research. I may contact you for more information about the land contract

Danny Slover I too am in the Navy and came across real estate investment a few years back. I live in Poulsbo too. Although I won't be retiring from the services I will be getting out after 5 years to focus on a life goal of mine - finishing my doctorate to become a Physical Therapist - and continuing to build my portfolio. If I could help you in anyway let me know. From your rhetoric it sounds like you came across "Rich Dad, Poor Dad." I'd recommend "The Go-Giver" by Bob Burg and John David Mann as a way to start defining your personal investment philosophy. The book "The Housing Boom and Bust" by renowned economist Thomas Sowell provides some get insight as to the inner workings of major players in the real estate industry! Best Wish, Josh

I'm looking for some advice regard a property I have in Fairfield, Alabama, right outside Birmingham. From my observations of US Steele closing, Walmart leaving and other retail following their lead; I see nothing but negatives for this area. I have a small mortgage on the property, the current tenant is scheduled to move out by June 1 and hasn't paid rent in two months, I fired my 2nd property management company, and the property needs some repairs. Here are the options I came up with: 1.) Sell "As-Is": I currently have it listed but have not got any offers greater than even 1/2 of the listing price. 2.) Make repairs & hire a new property manager: I am very hesitant to bring on another manager given the experiences with the past two managers. I also don't have the time or means to vet a GC and ensure the work gets done. 3.) Make repairs & look to bring in a Section 8 tenant: Again I don't have the time to vet a GC and have no experience with Section 8. I did a little research and from my understanding qualifying a property for Section 8 takes several inspections. 4.) Bring on a local partner: Apart from being able to simply sell the property I feel this is the next best option. I would like to bring on a local partner for the cost of repairs and has experience with Section 8. Any advice is appreciated!

So I make this a need thread on the forum, but what is everybody thoughts on flipping single family homes and apply BRRRR to multi family homes in Kitsap County (Bremerton, Silverdale, Poulsbo Port Orchard)?

Jeffery Griggs I meant 6528 Court F