All Forum Posts by: Sean Walton

Your question isn't that clear at least how I'm reading it. Are you asking how much utility work is on a new ground up construction project? If that is the question call the local utility company or a general contractor in the area. Be aware of other costs such as school impact fees or other costs related to new ground up construction.

Brennen congratulations on wanting to get an early start. It's great you have your own business but often it is difficult to qualify for a loan without w-2 income. Are your parents open to partnering with you or at least co-signing on a loan? I would only turn to hard money if you are doing flips. The interest rates are usually not ideal for long term buy and hold unless it is your only choice and you will refinance once the property is fixed up and rented for a long enough track record to get a more conventional mortgage. Beware of HMLs charging large sums upfront just because they are on the BP HML marketplace doesn't mean they are legit. If you have an idea of where you want to go to college that might be a great way to house hack. You and your parents buy a house near a campus. You live in it and manage the building. When you graduate keep it as a rental or sell it.

That's how I got started in real estate investing. It is a great way to dip your toes in without committing to being a landlord. There are so many places to stay on airbnb that there are bound to be horror stories but I'm sure it is a very small percentage. I've never had problems. Airbnb has a large insurance policy but I don't think it covers artwork so if you have any expensive art that is something to consider.

I don't know a lot about mobile homes but are you sure the comps are equal are they both in rented spots or comps own the land or part of a co-op? I think we are reaching a plateau but long term if you want to stay in the Bay Area but need the cashflow it might make sense to stay put and save up for a down payment out of state or a cheaper market 1 or 2 hours away

Welcome David Edwards. Jonathan Segal FAIA got his start entitling a piece of property then selling it off for a great profit. You could JV with a land owner and you both sell of the entitled land. You need to figure out how soon you want enough passive income. That will help guide your strategy.

Welcome to BP. Yes it is possible to wholesale virtually but it takes a lot of hard work setting up systems and getting boots on the ground and a good amount of marketing cost before your first deal. Also leverage your work as a PM to see if any landlords ever think of selling you may be able to get deals that way.

Hi Ingrid J. You can search Trulia, Redfin, Zillow, etc. For "for sale properties" and those should all be for sale. You can filter by size, price bedrooms etc like the MLS. The difference is that they may not have the full list of properties available on the MLS. Once you decide on a market, price range and any other criteria that are important to you find a real estate agent in the area. They can send you The latest listing direct from the MLS that meet those criteria. They can't give you their login or direct MLS access unless you are an agent

@James Lopez check out @Michael Quarles podcast website. You can subscribe and they will send you their 3 page contract. (I'm not a lawyer and this is not my contract). It has outs up until the time of closing. You seem like your heart is in the right place and just trying to do the right thing. Morally and ethically you should not put something under contract when you have no idea of value and don't intend to close even if you can't assign it but it sound like that is not the case with you. If you plan to get seller financing or Sub2 financing you will need to add an addendum

Disclaimer: I am a student of the coaching but do not work for them nor get paid for this.

Check the bigger pockets file place people have put some there. I take pictures of all my receipts and upload them to a google drive folder with the year and my rental address. That way I can just go through them at the end of the year. I think if you are a pro member at Home Depot you can assign job numbers to purchases. See if your local hardware store can do that

I'm not a lawyer and I don't operate in FL so do your own research but I have heard FL is seriously cracking down on people assigning contracts because they consider it brokering without a license. You can get your real estate license and work under a broker or you can close or double close your properties which will probably avoid this issue but if you have no money or ability to close many on this site don't think it is ethical to tie up someone's property