All Forum Posts by: Scott Beyea

thanks for the input everyone! This is why I posted this; I thought people would have many varying opinions. I am not personally brave enough to start with this, but I absolutely believe there is a future with micro-properties that will outlast "fad" status. 

http://www.forbes.com/sites/petertaylor/2016/07/19...

Please check out this interesting recent article posted on forbes! I'm curious what others on the BP community think about how this will impact the future of real estate!

Hey everyone,

This is my first post as a brand new member. I am in love with BP and real estate investment is slowly becoming my obsession/passion. I am an active duty army officer and I guess you could term me as a "part time investor" currently, but plan on doing this full time in the future.

I own one home, which I live in. It was bought with the intent as an investment property for long term rental cash flow. However, my real question (there are many many many more that I do have) is how to get started on multi-family properties as buy and holds using BRRR. So to all my EXPERTS out there and SUBJECT MATTER EXTRAORDINAIRES please get in contact with me!

I have good credit, $40K in cash saved, and a full time job. I get back from my current deployment VERY soon and have been planning/preparing to make my first LEAP into multi-family investment as soon as I get back. I understand I need to know the numbers and be able to analyze property to find great deals. I'm trying to wrap my head around refinancing, initial lending, money down, rehabbing, and everything in between.

I am constantly searching on this site looking for tips and advice on these particular topics. Could someone please point me in the right direction and WHAT WOULD YOU DO if you were an expert? I am in Lawton, Oklahoma Fort Sill! Any advice would be very much appreciated! PM if need be!

Best,

Scott

thank you both for responding I really like how intimately connected this group is! Brandon, nice to meet you (virtually)! I absolutely love your podcast segments and find them very helpful.

Short story on myself:

Currently an active duty army officer stationed at FT sill, OK. Through networking and mutual friends I met my current mentor who is a very successful investor in my area. I have bought one home aimed as a future long term rental investment that is currently my primary  residence. 

I am deployed and return stateside soon. I am truly passionate about this industry and cannot wait to fully immerse myself! Although I'm currently in military my plan is to  leave this "secure" job making decent money to pursue my true passion in real estate. A hard decision to make indeed!

I'm always reading and analyzing and look forward to utilizing BP to continue my growth and hopefully meet some great people along the way! 

With that being said, I plan on the following:

Once back and stabilized objective is to flip 4 homes in 12 months; giving myself 3 months per property. So I'm in the process of trying to plan prepare and strategize to make that happen! Any advice or points in the right direction would be greatly appreciated!

My name is Scott and joined this group after listening to multiple pod casts and reading books from j. Scott. I'm trying to begin the process of starting a business in real estate investing focused on flips. I look forward to meeting like minded people and learning as much as possible!