All Forum Posts by: Samuel Eddinger

Welcome @Wesley Peixoto!  I highly recommend you start going to meetups.  There is a good one in the Stamford area hosted by Brandon Chisholm.  There are others from Brian Almeda, @Stephanie Cabral, @Brandon Rush, @Ryan Luby, @Devin Peterson and CTREIA.  All of these are posted on our local real estate facebook groups.

In any of these events, you will meet like minded entrepreneurs who are also looking to grow.  I attend many of them myself.

I'd be happy to connect.  If interested, send me a DM.

I highly recommend @Devin Peterson

@Marie Thomas - I do not but I have significant interest in learning more.  I'm currently flipping and have found a person looking to sell two properties that are both within an opportunity zone in CT.  

My brother was looking into it years ago.  While I don't see it on the IRS tax information, if I remember from the conversation with him, I think you have to buy properties that need significant improvement.  I was looking to figure out what that meant when looking at the IRS tax information - https://www.irs.gov/pub/irs-pdf/i8996.pdf.  

From this CT information, it looks like it is an offset against your capital gains from other property, so you would have to find investors with significant capital gains and/or have them yourself.  I'd love to connect and each of us can help figure it out together if you are interested.  If so, DM me.

@Dean Gullo - welcome.  There are lots of great meetups.  CTREIA actually has an event tonight in Rocky Hill if you are free.

I like to attend the meetups from @Brandon Rush, @Ryan Luby, @Devin Peterson, @Stephanie Cabral throughout central CT.  

DM me if you would like to connect personally.

As long as it is one of the accredited shops, any of them are fine.  Just take the one that is the most convenient for you.  The course is long and test is difficult so make sure you are committed.

@Sarah Miner - BRRRR is pretty much dead right now. Because of the high interest rates, you have to buy at a higher CAP rate to make any money. Unfortunately, housing prices continue to go up, not done so the opportunities to invest are limited.

I'd advise to flip and if you find something that you can get a lot of equity, than you can perhaps BRRRR that but it is really hard in this market.

I am CT based (central CT).  I know the markets real well here and do a lot of investing, flipping, and I own a property management company.  I'd be more than happy to have a conversation.  DM me if interested.

@Vinny Muli - it is VERY hard but not impossible to get an equity line of credit on a non owner occupied property.  I'm doing one right now.  You can get something called a "Guidance" Line of Credit.  I've found the easiest solution is to have a really strong banking relationship and then they will be able to provide non-standard offerings.  The problem is that they do not usually give this to new people and/or people that do not have big amounts deposited into their accounts.

I'm also CT based.  DM me if you are interested in talking about this more.

There are a lot of great meetups from @Brandon Rush, @Ryan Luby, @Devin Peterson, @Stephanie Cabral.  CTREIA is also a great place to learn and network with new investors.

I own, invest, and flip a lot in central CT and own a property management company, Ironclad Property Management.  

I'm always willing to have a conversation to help new investors learn from my experiences, to hopefully avoid the pitfalls of buying your first property.  If any of this interests you, DM me and I'd be happy to have a conversation.

 We have quite a few local meetups from @Brandon Rush, @Stephanie Cabral, @Ryan Luby, @Devin Peterson, or CTREIA is another good one to attend.

There are also people that teach, Owner Financed, Subject To, Novation, etc which are opportunities with little money out of pocket.

I'd be happy to talk more about any of this with you.  If interested, DM me.

Hey @Venecia Baez.  Welcome to BiggerPockets.  I started real estate investing back in 2012.  Currently, I'm still buying, flipping, and running a PM company.  I have a lot of ideas on how to buy real estate with no money (Novation, Subject To, owner financed), to partner with someone who has money, and/or to buy for yourself with money.  I've been doing all of this for years and would be happy to share.  If interested in having a conversation, DM me.