All Forum Posts by: Patrick Watson

@Austin Latty hey man, grays for getting into the game! I quit my job in July, still had no problem getting financing due to the deal being great and my credit being good. I put 10% down which helped, but I got financing for the purchase and the rehab.

@Melanie Hartmann big props and a hearty congrats! I quit my job in July, all in. It’s scary stuff to be sure, but as my investor buddy @Jordan Butts says “you gotta risk it for the biscuit”. I’m in WV about an 1.5 from Baltimore, lived in Silver Spring til last year. Hit me up if you get any good deals.

I’ve also learned I make a lot of typos while texting. So many weaknesses to address!

I did not go for it. Decided it was too much to bite off at this stage in my career. I need to cut my teeth on. Few smaller units first. Also I’ve leabred that Hagerstown isn’t the friendliest place to be a landlord due to a lot of rules protecting tenants. Someday I’ll get big units🤗

Hi, Welcome to the forums! I think you will find your project management skills will come in handy. I sure hope so at least because I have a very similar background😀 Patrick

Hi Sean, I live about 30 minutes south of you in Bunker Hill, WV. I know your struggles with the kids eating into your time, I have two sets of twins. Not sure the age of your kids, but if you ever want to meet at a park or something and talk real estate let me know, kids can play while we talk. Welcome to the forums! Patrick

I wasn’t offended at all, just trying to get more out of him. I’m like anninformaion leech, and I definitely take all advice to heart. 

Hi Dick,

Could you elaborate please? I have no intentions of being a landlord. Financially I’m in a position where I don’t think it will “eat me up”. I’m a project manager with lots of experience in dealing with contractors and regulations. Any input is welcome, Im here to hear things I may not think of, not necessarily to be told “you’ll fail” with no additional information. Have you done a lot of C properties? Is that why you think it’s a bad idea?

Thanks,

Patrick

Thanks Curtis, I appreciate it. I am struggles now with what deal to pursue for my first purposeful investment. I’ve found so many in the market that look great on paper, I have to do way more research before I am confident with anything. This tool you mention, can you send me a link to info about it? Thanks!

That’s awesome! Getting out of it for a 14k profit with so little invested, in what’s probably a very deflated market, not bad at all🤗