All Forum Posts by: Seth Excellent

@Aaron Zimmerman thank you for the advice! That will be my plan going forward now

@Michael K Gallagher hey, thank you for the advice! I have been strongly considering house hacking. When did you make your exit out of your duplex? Also when do you know it's a good time to exit?

Hey everyone! A week ago i shared a post about a potential build to rent project in Lehigh Acres on land gifted to me by my father. After diving deeper into the local rental market and hearing from experienced investors, i have decided to pause that project due to concerns around declining rental demand in that area. So i am back to the drawing board, and looking for help on where to get started. A little about myself for context, I just turned 21 last month. i have been working as a registered nurse for the past 8-9 month, and i currently live at home with my parents in Port St Lucie, FL. I have no student loans or personal debt and very minimal monthly costs (gas, food, etc.). I have been studying real estate since i was 15, having a basic knowledge of underwriting single family and small multifamily properties, and more. I plan to invest with my older brother who lives in orlando and works in a warehouse. I have saved about $15,000, and while im unsure of my brothers current savings, we know we will need more capital to make the first deal happen. Im actively working on increasjng my income by switching to a different nursing role, and possibly picking up a second job. I am now considering out of state investing and would love any feedback back on whether thats a smart move for a beginner, or what i should do to start out in general.  I am also actively looking for a mentor someone in the Port st lucie, FL area (or nearby i am more than willing to travel) who would be open to letting me shadow, assist , or help out in anyway possible to gain hands on experience.  Im ready to put in the work. I appreciate any advice, resources or connections you're willing to share, thank you!

@Ramon Colon yes! Definitely eye opening.

@Bill Cole oh wow. Thank you! When you say early, what point in the process is that?

@Drew Sygit hey, thanks for the insight!! I had no idea at all about that.I haven't done too much market research to be honest with you. I'm just fiddling with the idea since my father said he will gift me this land. What do you suggest I do? The land surrounding the plot is very underdeveloped there aren't many residential homes within the radius, which is deterring me from building. I would love to hear what you suggest, thank you again! 

@Brian Bender Hey, thank you for the advice! That would be amazing if I could tag along on a build. Your experience/knowledge and the GC's knowledge will be really helpful. I gave you a follow on here!

@Doron Bentov thank you for all of the insight! Definitely in over my head right now. I need to do more research. Is it ok if I consult you with different questions I may have as i navigate this?

@Ryan Mancuso Awesome! Thank you.

@Ryan Mancuso Thank you for the advice, I appreciate it! If i have any more questions would it be cool to reach out to you?