All Forum Posts by: Kelly Starnes

Were almost wrapped up. Just waiting on the final loan disclosures! My intention is to get some insight on the next steps of turning my condo into positive cashflow. I plan to save until I rank up and get a pay raise. Maybe, rent out the condo and invest in a single family home. Live in it, than utilize the BRRR method to continue to build. Would you recommend to refinance asap considering my condos market value is 392,000. Im in contract at 360,000.

Good Evening Bigger Pockets,

My name is Kelly starnes and I'm getting into the real estate industry, pretty young (25). My motivation stems from obtaining my bachelor's degree in business, also living in the Bay area all my life and watching family or friends, flip houses to thrive in real estate. As of now, I'm a Second Lieutenant in the US Marine Corps. Looking to go back to school, while active duty, to get my masters in finance or real estate. Not sure yet. 

I just utilized my VA loan to work out a deal at the Metrome condos located (1150 jst San Diego, ca). The deal was impossible to pass up, considering the owner was selling it at a loss. Although, I'm a little nervous about the risk but even more excited! My BAH covers all the expenses related to the mortgage/ HOA fees.

The process has definitely been pretty tough, but I'm reaching out to anyone who has experience in this type of investment. Please, share stories or advice. It will help tremendously, maybe we can get into business together. Sorry for the ramble, I'm just extremely motivated to build my portfolio. Real estate has been my dream since a youngin restoring properties for practically no pay. Anything helps! God bless.