All Forum Posts by: Timothy Lewis
Timothy Lewis has started 6 posts and replied 357 times.
Post: Screening service recommendations
- Investor
- Miami, FL
- Posts 377
- Votes 258
Originally posted by @Brianne Leichliter:
I use Cozy.co for my background and credit checks. I also use it for my property management software because it's free. Background and credit checks are $24.99 each or $39.99 if you do them together and the tenant pays directly so you don't have to collect any money.
I do the same for all of my properties
Post: Getting a loan out of state?
- Investor
- Miami, FL
- Posts 377
- Votes 258
Very Obtainable! There are a lot of markets that will fit into your criteria. Check out:
Birmingham, Atlanta, Indianapolis, St Louis, Kansas City, Memphis, Little Rock, Indianapolis, Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.
Post: Deal or No Deal: Fourplex in Virginia
- Investor
- Miami, FL
- Posts 377
- Votes 258
Congrats!!
Post: I want to start investing in Real estate. How do I start?
- Investor
- Miami, FL
- Posts 377
- Votes 258
Simple my friend, binge listen to the Real Estate BP pod cast with Brandon Turner and David Greene. Every question you have about getting started in real estate will be answered. It may take a good amount of time, but TRUST ME, it will be worth every minute.
Post: High Cash Flowing Residential Properties
- Investor
- Miami, FL
- Posts 377
- Votes 258
Originally posted by @Mack Benson:
To do this sort of research you need to know the market. If you are doing it in a remote market to gauge whether or not you should pursue it for investment I think you want to reach out to people in the market. Property managers would be a good resource and so would the "investor friendly" agent. I'd search BP and look for agents in the market who are also active on this platform. You could also try and make connections in the market with investors but that may be a bit more difficult. Either way you can find some local resources here on BP.
I second this!
Post: Starting out investing out of state
- Investor
- Miami, FL
- Posts 377
- Votes 258
Step 1,2,3,4,& 5 is to read/listen to David Greene's book on Long Distance RE Investing. It has everything you need to do and not do. I followed his strategy step-by-step for my out of state investing
Post: Growing my Real Estate perspective
- Investor
- Miami, FL
- Posts 377
- Votes 258
If you can find an investor, in the avenue of RE that you're interesting in, to work under; I think that would be your best bet. BP and local meet ups definitely will give you the platform to achieve that.
Post: Taking the plunge -- uniquely positioned. WWYD?
- Investor
- Miami, FL
- Posts 377
- Votes 258
Originally posted by @James Wise:
Originally posted by @Nate Rodriguez:
Quick background: 21 years old and Connecticut based. I have secured over $20k in just over a year in anticipation of what will be me quitting my full-time job in Market Research and pursuing Real Estate full time, January 2021. I either take the leap and fly or take the leap and fall -- but I am taking the leap.
Before I get into my question, I want to preface by noting that these savings include coverage of my expenses for 6+ months and enough to pay myself $2k a month in that timeframe. Noted because I cannot simply sink this savings into a deal -- it's all I have.
Question: While the long term goal is to invest, I want to know how you would secure your feet in the field as a realtor had you known what you do now in life -- in addition to assuming you too had $20k and 24 hours a day to make sh*t happen when you started.
I have two goals for 2021:
1. Buy a multi-family home within the first quarter
2. Build my business and see to no less than 10 deal the first year (avg $250k) -- conservative --
Let's connect! Especially if you're local!
Cheers,
Nate.
Fairfield County, Connecticut.
Soon to be Realtor and financially free by 22.
Do not recommend quitting your regular job right now. Work as an agent part time until you start making enough money to support yourself. Takes time and a marketing budget to get things rolling.
I second this. Try to find a way to take the leap without giving up your monthly income
Post: First Time Investor in NWA
- Investor
- Miami, FL
- Posts 377
- Votes 258
Congrats on the new purchase!!
Post: If you had no money and bad credit, where would you start in RE
- Investor
- Miami, FL
- Posts 377
- Votes 258
Wholesaling, apprenticeship, or volunteering