All Forum Posts by: Ryan Kelley

Sterling, glad to hear it. I'm working in the gulf right now (non-union) on shorter hitches, but it still leaves me with some spare time to work on REI. Good luck with your vacation rental property search. Casco bay has some beautiful spots.

Sounds good to me.  I'm back on dry land next week.  

Randall, I'm actually out to sea now so my phone is in and out.  I'm still figuring out this forum and website, how do you send PM's on here?

I am a new investor looking to get things going in the Freeport, Brunswick, Maine area. I am a merchant marine, which gives me quite a bit of time off to work on REI projects. I'm looking to get started by flipping single family homes or renting them in my area. I've been reading up quite a bit on REI both on here and other places. What I am looking for is possibly an investor/partner to give me that push to get started. I enjoy rehabbing and improving houses, I just need some motivation to figure out the financial aspects involved. Anybody have any advice on where I might meet some interested partners/investors?

My wife is currently between jobs so, yes, she would be available to manage projects and tenants while I'm gone. My goals are more on the long term side. There was an interesting article about the disadvantages of LLC's and corporations versus just going in on your own posted on the blog yesterday. What I'm leaning towards at this point, I think, is starting out on my own as a personal investor and seeing where that takes me. If I get to the point where it looks to be beneficial to incorporate than I may go that road down in the future. I do have a lawyer and accountant that I use regularly and I will be conferring with them regularly as I progress.

My goals with this are more long term.  I'd like to get some revenue generating properties that would allow me to focus on backing off of my current career and move into something shoreside.  I'm leaning towards getting into multi-family homes for now.  My only thought with flipping would be it might be a good way to raise some cash to reinvest in the multi family side.

I'm a new member looking to start building my investments in real estate. I currently work as a merchant marine on ships in the Gulf of Mexico. My wife and I both enjoy improving houses and REI will be a good way for us to start building money on the side. I am not looking to get rich quick or quit my job. I'd just like to start by flipping a few houses or by buying a multi family home or two. I am currently a part owner of a duplex in Portland, ME, that does reasonably well with little investment. I'm not sure that I will be able to break into a more competitive market like Portland just yet. At this point I'm looking to purchase a little closer to where I currently reside in Freeport. I'm really leaning towards getting into the multi-family market. I think if I can find the right place at the right price I can get my feet wet and see how things go. Does anyone have any thoughts as to whether it is best to go in as a single buyer or to start an LLC and use that for investments?