All Forum Posts by: Rohme Williams

I am trying to look up different data on housing market growth, job growth, demographic, etc,.  for certain towns, cities, and states.  Is there a website that is out there that most of you use?  Any type of help would be much appreciated.  Thanks.

@Chris Hopper thank you and I appreciate the reality check. I just finished talking to my RE agent and I'm going to look at a property tomorrow. All is well, I will make an offer.

Hopefully you and I can talk in the future. Happy New year

@Chris Hopper I have three agents that are sending me listings. One here in Los Alamos, another in San Luis Obispo, and another in Bakersfield, Ca. Lived here all my life except a 6 year stint in the Marine Corps. So I know the area fairly well.

I think buying houses in this area and have a system of "Rent to own" may be a good process.

@Chris Hopper Yes I would. Would I like to know where it is? Yes. But, If the ARV is 145k after purchase 85K & 25K rehab Yes. I would. (Considering where it is).

I guess my "not understanding" different markets (states) is making me not pull the trigger.  But if I had an opportunity to research the area, schools, amenities, etc. etc. and it made sense.  Damn straight I would.  Today !!!

However, if its out of my area, I live on the Central Coast of California in between San Luis Obispo and Santa Barbara.  I haven't found any deals like that in this area.  So, if it is in another state.  I would be a fool to not do my due dilligence.  But, I would take a shot if it made sense and the research came back favorable. 

I have tried to go to meet ups in this area and meet new people and find a mentor or just someone who can break down a deal for me in this area, and I am sure they are in my area, I just haven't found one yet.  I would feel a little more in control if I had someone or a group consensus I could bounce ideas and deals off of.  

But, I may have to go outside of my state to find some "good deals".  However, I think I can find some here in the area, I just need to find them.  Once I do.....then I am on my way. Im looking....everyday.

September - November 2019 = read books, listen to podcasts, talked to RE agents. 

December 2019 = went to multiple Open Houses to see for myself what I am looking for.

January - June 2020 = BUY a REI property.

@Chris Hopper.  I don't want to jump "too soon",  June 30 2020 is a Goal. I still have a few things to learn so that when I negotiate I feel comfortable. Same way I look at my current business.  Im not just going to go and buy equipment unless I know that it will be effeciently used to make my company a profit.  However, If I see something and have done all the math and it makes sense next week I will definitely get it under contract and then find the money somehow.  Heck I have even considered quitting my day job and crossing the river and burning the boat so I have no other choice but to succeed.  Reading is knowledge to me.  I guess I need to go out and find some deals.  Thanks for calling me out..... I need it. 

By the way. I just closed on my house at the end of November (primary). So, I have jumped.  Just not in an investment property just yet. 

I enjoyed reading the opening post. I fall in the category as a "newbie" but I am definitely not scared to jump in. I have two businesses and I understand the highs and lows. I have been reading, studying, and watching all about REI the past 4 months and feel as though it's time to jump in and test the fires.

2020 Goals:

*Have at least my FIRST REI by June 30, 2020 by 5pm

*Have two more by the end of the 2020 year December 31 by 5pm

Im willing to give up personal time, money and friends who don't fit into my timeline goal.

As we speak Iam in the process of getting finances secured and figuring out the right type of loan to pursue my deals.  Im hungry and I am definitely not AFRAID to fail.  The only thing I am afraid of is: REGRET.  I won't die with regret.

Thank you for this post.  It put a little more pep in my step today.  

Cheers for a great 2020 

Thank you.  I will definitely go and talk with the park manager and see what the rules are for that particular park.  I appreciate the response.  

Thank you for your response.  Very informative. Much appreciated.

@Hunter Spivey Thank you for your response.

Does anyone know off hand if someone is able to buy in a 55+ community if you are younger? This someone who wants to purchase would be renting to a 55+ renter.