All Forum Posts by: Tyler Flagg

@Brandon M. fantastic use of the word 'whilst'. Well done.

Here's how to link to someone's name by the way. It took me a few posts to figure it out initially as well.

1) Press the '@' symbol

2) Begin typing the first few letters of the persons name

3) Look down at the bottom of the text window and you should see a pop-up with said individuals' name. 

4) Click on their name and voila. 

Hey @Will R. welcome to BP! Be sure to introduce yourself in the "New Member Introductions" forum so that you can meet people in your local area. 

First off, I'd recommend talking to a real estate professional in your area in order to get a better idea of your property value. Although Zillow is a great resource, the numbers aren't very accurate. A real estate agent in your area can compare it to similar properties that have just sold so that you can have more accurate information and can therefore make a better decision.

If you are losing $80 a month on the town home you purchased, is there a reason you want to hold onto it for the long term? Depending on your market, as well as the appraised value of it...you may want to consider selling. If you don't want to sell, you could always take out a HELOC (Home Equity Line of Credit) on the first property in order to kickstart your investing in Nebraska.

I definitely would recommend using the VA loan when you move to Nebraska. Buy yourself a triplex or quadplex, live in one and rent out the others. You can live rent free, and make cash flow on top of it. I wrote a blog post a while back about that kind of thing.

3 VA Loan House Hacks

You've got a lot of options right now...the world is your oyster. Hopefully some more people chime in with their advice, but let me know if there is anything else I can do to help.

@Brandon M. welcome to BP and congrats on taking the first step. This website is awesome and it's full of people who are more than happy to help (as I'm sure you can see already). I'm a military guy myself and just got started investing within the last year. This website is worth its weight in gold, so be sure to keep at it. Feel free to drop me a line if there is anything I can do to help.

@Account Closed I appreciate the no bull advice. Now that I've heard essentially the same report from a few people, it seems like it might be my best option to steer clear at the moment and concentrate on Lubbock instead. As for the price range, I've got some private money available that I could easily do some flips in the 50k-100k range. I might be able to go slightly higher end, but being that this is my first go-around when it comes to flipping, I don't want to push it. Thanks again for shooting straight with me. 

@Greg H. thanks a lot, that's definitely reassuring. 

@Blake C. thanks again! I'm going to send you a PM with a quick question. 

@Joe Fairless thanks for the advice! I'll definitely look him up. 

@Blake C. thanks for all the information! Truly helpful, I appreciate it. The buy & holds that I've purchased are in the 50k-75k range in Oklahoma City. 

I'll be sure to look those companies up, thanks.

So sorry to hear about Ryan Webber, from everything that I've read he seemed like an amazing individual.

In your opinion, would you expect the margins to be tight regardless of whether or not I go through a wholesaler to find a property? i.e. Would the margins still be tight if I found the property on my own, or through a foreclosure auction? 

Thanks again for all the advice.

Hey there!

My name is Tyler and I live in eastern New Mexico. I've been purchasing buy & hold properties in Oklahoma City over the course of the last year, but am considering transitioning towards flipping in Amarillo and/or Lubbock in order to create some short term cash flow. 

Is there anyone in the BP community who has experience flipping in these markets? Lastly, are there any REIA meet-ups that occur regularly?

Thanks for the help!

This is actually something that I've started thinking about a lot. I've found two websites that I think are pretty useful in terms of studying markets. (But i'd love to hear if anyone has more recommendations)

1. www.city-data.com
2. www.realtytrac.com

There are a number of companies that come out with lists each year of the best 10,20,50 etc. cities to invest in real estate within. A few of the metrics they are use are...

1. Population growth
2. Job growth
3. Median House Price
4. Average rent price
5. Average income
6. Percentage of houses owned by investors

Hope this helps!

@Derek Buehler welcome to BP! I'm an Air Force guy myself and just got involved in real estate investing within the last year. This website is awesome and full of people who are more than happy to help. Whenever you get the chance, upload a photo of yourself (people are more likely to respond that way) and start asking questions in the forums. Feel free to drop me a line if there is anything I can do to help. Best of luck!