All Forum Posts by: Sarah Barra

Bigger Pockets is a ridiculously great resource.  By introducing myself and what i was interested in, I teamed up with a local wholesaler, and by working for her for free I have learned a crazy amount of information in just this first month with her. I get to see the contracts she's using, help build lists, write ads so i can see firsthand what works,and see how the process works.  Also gave me the motivation to change how I run my other business so I'm actually taking money out of it to sock away for my first downpayment.  Working for someone in your spare time is definitely the best way to get a quick and thorough education! I'm lucky to be in a really hot market too so I get to see all kinds of deals that go down with no banks involved. Very Cool. Can't Thank Brandon and Josh enough!!!!

'target of tenants with pets' lol true! ¨I did get a message from a woman who owns 3 SFs right near the college and says renting to students has kept her 100% occupied.  Blake is right that there are not a lot of small MFs in my area, mostly ginormous complexes, so I'm going to dig around and see if some 3 or 4s exist,  Kevin's idea sounds good even though really really don't want to move...but if it's the best way to start then I can suck it up. Sounds the most feasible for a beginner to get moving.  Thanks for all the input, Love BP!

Hello everyone! I'm curious about whether my plan for acquisition this coming year is half-baked...I'm a single mom of 3, renter, who's been drawing only about 40K annually from her business so that i could systematize it with employees and scale it (which is working well), so I can draw more out of it this coming year, but my credit is maxed out and I have no cash. I don't want to go the duplex model of entry for multiple reasons. So in evaluating whether to try to buy a SF with tenant in place or go for multifamily....my analysis says that  I should skip buying a small SF  as a stepping stone, and hold out for a small multifamily (over 4) bc hard money lenders will focus more on the deal than my own credit...anybody gone this route? Browsing LoopNet I've found a few MFs in ugly markets, 2 hours drive-time from where I live, needing rehab, numbers highly suspect bc they are so rounded a 3rd grader could do the math, you get the picture...If anyone has come from a similar financial background and can advise on how they got a foothold I would greatly appreciate it... my fear of doing a SF first is getting stuck small...I'm in Wilmington North Carolina, great growing market.