All Forum Posts by: Jordan Powell

Hi Jerel, welcome to Bigger Pockets. I'm new myself and just trying to absorb the wealth of information on the site. I currently live and work a full time job in Tallahassee. Are you thinking you'll invest here or elsewhere once you complete your AA?

@Michael Leffelholz Thanks for the welcome, right back at you. :)

FSU is definitely has a huge impact on housing here. FAMU and the community college are also close by, so there is a lot of rental activity in town. Of course that also translates to downward pressure on rent prices. One of my contacts here advised me to focus my efforts within a couple mile radius of campus if I wanted to do student housing, if for no other reason than that area will never lack for tenants. I haven't decided if that's the route I want to go yet. Thanks for the suggestion!

I'm not sure you understand what I meant, and that's probably my fault for not explaining myself well. No worries. :)

It struck me that owning and thus controlling three of three physically conjoined properties—not merely "close together" properties, but wall-sharing—might present some benefits (similar to owning all of one color in Monopoly, though I'm sure that's too simplistic of an example). I wondered what some of those benefits might be and if it would warrant a little extra effort to try to secure the one end unit owned by another party.

Thanks for chiming in. Sorry if I'm not making a lot of sense!

Hey @Pete T. , thanks for the response. I guess my real question was really something like this: is there value in pursuing all connected units if the route was open to do so?

I brought it up because I saw a townhome for sale connected to two others, an end unit. The listing mentioned that the middle was also available at a discount if purchased as a package. That made me wonder if there is a compelling reason to also purchase the third unit if possible—I mean, beyond whether it is a good deal by itself. I am interested in the thought process an experienced investor would go through on something like this.

Less competition for rents? Control over tenant screening? A better package deal for wholesale offload?

I just wondered if anyone had put together a creative or value-adding deal this way.

I was curious if anybody has tried or had success putting together a package deal to buy both/all connected townhomes where the units have different owners.

How did you approach the different owners?

Are there any tips you could offer to increase the likelihood of an adjacent owner wanting to sell to you rather than gouge you?

Also, I'm wondering if people have thoughts about the benefit of owning the units as a block from a wholesaling perspective, or from a buy and hold position, etc.

@Bill Gulley Thanks! Glad to know I'm not flouting any community protocols by stepping into the light. I fear it may be a while before I can contribute much back to the community, but until then, I'm glad to be along for the ride.

Hi everyone,

I am yet another longtime lurker, first time poster on the Bigger Pockets forums. (If LTLFTP isn't an official BP recognized acronym, it should be.) Besides the wealth of information contained in all the articles, podcasts, and forum discussions, the number one value of a site like this seems to be networking and the ability to ask specific, time-sensitive questions to peers in the business. I figured I had better start posting!

My name is Jordan Powell. I currently work full time as a contractor for a computer software company. I have had aspirations to invest in real estate for a number of years now and have read various books and internet resources, but I have yet to jump in and make anything happen.

I have two short term goals vying for top spot right now. First, I would like to get my feet wet and earn a bit of capital with wholesaling. Second, I want to keep my eyes open for a small multi-family building that I can live in and rent out the other units. I know these goals sound vague, but the purpose of my post is not to detail out every facet of my plan.

The biggest obstacles to getting started for me are 1) my job, which eats up a large portion of my time, and 2) my inexperience: the moment never feels quite right to dive into something so unfamiliar to me. Hopefully Bigger Pockets can help alleviate at least the second hindrance — if not totally by new-found knowledge, then by a swift, albeit motivational, kick in the pants! ;)

Looking forward to interacting on here with everyone.

Thanks,

Jordan