All Forum Posts by: Robin Hines

@Stacy Weng, I would not be shy about raising your concerns with them. Ultimately, you should be comfortable with the product and you should come to an agreement with USREEB on how to get there.

@Stacy Weng, I had the same experience as @Rachel Bier. USREEB went through the inspection report and circled the things they were going to fix. I requested a few additional items that they also repaired.

Rachel N. Yes, but not in the way you're describing. We moved to Orlando last summer from Wichita, KS. When I started looking around at real estate prices, I was like, "Wow, this place is really expensive." Closing on our house in KS was not going to coincide perfectly with our move, so we started looking for a rental to live in. After selling our house, I started looking around for places to invest the money for the next year. The plan was, after our lease was up, we would then take the money that was invested and buy our primary home. However, I discovered BP and REI when looking for a place to invest the money. I also sold an inherited small apt complex that I owned with my sister, and did a cash out refi of an accidental rental property we owned in Birmingham, AL. So, over the course of last year, I purchased four turnkey properties and a small fixer from a wholesaler in the Midwest. I'm currently under contact to purchase a duplex. So, in answer to your question, yes. We would love to have a primary home for our family. However, we have some very nice cashflow coming in from our rentals and want to keep increasing it by buying more. So, we're willing to sacrifice for the next few years to increase our income via REI. And frankly, it's really not a sacrifice as we're renting a nice townhouse. I have become really interested in REI and want to become a more active investor by increasing my knowledge and taking action beyond purchasing turnkeys. This is currently the track we're on which wouldn't be possible if we saddled ourselves with a fat mortgage payment not to mention having to save for the down payment. It is hard for me to think of purchasing a home with money I could use to purchase another rental that would further increase our monthly cash flow.

Jason Chen ha-ha, it took me a second to get your post.

Hi @Andrew Ashby!

Thanks for reaching out. I hope we have a chance to cross paths at some point in the near future! Do you attend any of the REIAs around town. 

Hi @Tynessa Franks!

I did attend one Orlando BP meeting a while back. I'm not sure if those are still being held. Just in the past week, I have joined both real estate investment associations in Orlando: CFRI and GOREIA. I've been to two CFRI meetings and one GOREIA meeting. I've enjoyed making new connections with local investors, and I've had a mindshift to become much more active with my REI. Up until now, I've just done passive, turnkey investments.

Feel free to PM me, and I'll be happy to share my first impressions of the Orlando area REIAs.

Best,

Robin

Hi Jared, Welcome to BP. There are many, many posts related to this topic. I suggest searching the forum. Best, Robin

@David Carte Feel free to pm me.

I've gotten a few mortgages from Wells Fargo for some cheap properties (the lowest being 55k).

Very inspiring, George! Another question for you, how are you financing all these rentals?