All Forum Posts by: Joe Prillaman

@Robert Higdon, I would be more than happy to. I have already done that in two previous posts about 2 of the Fayetteville properties. I am flying to Arizona this week for a family reunion and will be updating my BiggerPockets profile To show more specifics for each deal. I will keep you posted!

@Jason D. I utilized the delayed financing option and have a rockstar team that was able to get these properties fixed and rented very quickly. This allowed me to refinance one of my properties in 10 weeks.

@Charles Miller, Great question. One of the main pitfalls I discovered is that every single property is different and can present unique challenges. I also learned that it is all about the people who make up your team. If you work with Rockstars they will provide rockstar results. I discovered that the hard way when my contractor for my first Airbnb property randomly disappeared For a week which made me miss the start of the vacation rental season here in Carolina Beach for my second unit.

purchased my 1st deal on June 5th 2018 not 2019.

Ok no money is a bit of a stretch but none the less this has been an epic year! I have put little to no money down and have increased my net worth substantially through forced appreciation, positive cashflow, and debt pay down. 

 I joined BP in January of 2017 and purchased my 1st deal on June 5th 2019 (I know i'm posting this one day late sue me I was working on my duplex). The Bigger Pockets Podcast got me from knowing nothing about real estate to where I am today. I have read more books over the past year than I have read my entire life. Huge shout out to BP and everyone who makes this community happen. You have changed my life! 

Here is where we are at!

Property 1: BRRRR, Single Family in Fayetteville, NC

Property 2: BRRRR, Single Family in Fayetteville, NC

Property 3: BRRRR, Single Family in Fayetteville, NC

Property 4: BRRRR, Single Family in Fayetteville, NC

Property 5: Sorta BRRRR still trying to figure out the whole refinancing thing, Vacation Rental Duplex (AirBnB) in Carolina Beach, NC

Property 6: House Hack, Vacation Rental Duplex (AirBnB) in Carolina Beach, NC - Closed on this one June 5th 2019!!!!!

Property 7: 1st property (Purchased before I knew anything about real estate) Turned into a Single Family Rental.

Last but not least I started a BP meet up group that meets monthly and we are awesome ... so come hang out 1st Tuesday of every month. 

Over 100K in forced equity and positive cashflow every month. I've got way to many people to thank but @Alexander Felice, @Clint Harris, @Shelby (Osborne) Johnson, @Joshua Dorkin, @Brandon Turner, David Green, Scott Trench, is a good start. Sure I've only actually met Shelby, Alex, and Clint but who cares I will find the rest of you and we will be friends. 

Thanks again for all the help. Looking forward to year two! 

@William Murrell yes indeed! 7pm at Flying Machine.

Looking forward to seeing everyone tomorrow! We have lots to discuss. Short term vacation rentals, long term BRRRR properties, apartment syndication, commercial lending, you name it I want to talk about it. Bigger Pockets is 100% responsible for every single property I own so come out and let's chat. Side note @William Murrell I built this entire community just so we could get a beer so you better come. 

@Nick Ferri, 7pm! Very informal we just get together and talk real estate.

@Joshua Lopez, The ABCs of real estate investing! Great book.

@Nick Ferri, you should come to our real estate meet up! We meet the 1st Tuesday of every month at Flying Machine Brewing Company!