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All Forum Posts by: Richard A.

Richard A. has started 2 posts and replied 76 times.

Post: SFH Investment, Househacking

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Pinehurst?! That's right down the block. Congrats!! 

Post: Virtual Address as a Out of state Real Estate Investor..

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

We use Traveling Mailbox. Love it.

Post: Search needs improvements

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Hi BP fam!

The search function NEEDS to be improved. We're spending multiple clicks to sort through an immense volume of information. This might have been OK when BP first started and had very little information. But, not anymore. 

Examples:

Currently, there's no way to search within a specific sub-forum. Example, we can't specifically within "Orlando Real Estate Forum". Therefore, if we searching for "roofing" (with then intention of just searching withing Orlando), we'll get 2000+ results that have almost zero relevance. 

In addition, the quotation marks to search for a specific phrase do not seem to work. Example, searching for "creative financing" will return, again, 2000+ results. 

We submitted a "help desk" ticket via customer support. However, this was of no help. PLEASE UPDATE THE SEARCH FUNCTION.

Post: Tips on collecting rent for April

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Contacting each tenant to check up on them and ask if they need any assistance. And, not via email or text, pick up the phone or have your PM call and ask them. This is not a time to be impersonal. So far, our tenants have paid the month of April. Its too early to know what will happen in May. 

Post: List Sourcing Free Trial

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Propstream and myreipro both have 7-14 day trials

Post: What is more important? Social media or website?

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Hey Tyler. I'm not a wholesaler. But, I would recommend building the landing page through Carrot Investor (or similar). The format there is easy to follow. Once built, its really low maintenance. And, it'll start building a buyer/seller list for you if you have a form on it.

The social media page is super easy IMO. It doesn't cost anything. Post something VALUABLE almost every day. I say almost everyday because multiple invaluable posts everyday is a sure fire way for people to scroll right past your posts. (like the boy that cried wolf). Follow others and be sure to respond/comment on other pages. Add your IG/FB account to your email signature and business card.

Personally, I have an IG and FB page. I use Canva for visually appealing templates. Once a week, I spend 30 minutes creating 3-5 IG posts and save them as drafts (I do not post them yet). Every day or so (never more than one a day), I'll go into IG, pick a prepared post, post it and share it to FB. Too easy. Below is an example of an IG-transferred-to-FB post 

Post: First home turned house hack!

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Hey Christina. Welcome to BP!!! 

This totally counts. Some call it "accidental" or "casual". And, others house hack without even knowing they're "house hacking". 401k loans are a great way to fund an investment, IMO. And, with our current events, you're probably getting more for your money as you repay the loan. 

Post: First Rental Property

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Hey Humberto. Welcome to BP. Be sure to use a rental calculator for those additional expenses (CapEx, repairs, vacancies, etc). It's not as simple as rent - mortgage = cash flow.

Post: Miami, FL - Experienced General Contractor and Investor

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Welcome to BP !! 

Post: Fayetteville NC New Guy!

Richard A.Posted
  • Investor
  • Fayetteville, NC
  • Posts 77
  • Votes 44

Solid advice from Alex and Justin. CoC in Fayetteville isn't the best metric. I recommend asking Fayetteville REI veterans if they could look at your numbers and the actual location. You might be apprehensive with posting on the forums so send via private message.