All Forum Posts by: Yuri Woitscheck

@James Carlson - thanks for the insight here!  Was under the impression you could airbnb in Centennial and Littleton already

@Kirsten K. Burke - sorry did wrong @ for post above

@Nicholas L. - May want to run the numbers through BP Calculators. It will break down everything and let you know if numbers will work after all expenses.

Good luck!

@Mehul Parekh @Brenden Mitchum

Have you guys tried something like Listsource?? It may cost you something, and not sure if they have this data, but may be worth a shot.

Good luck! Let me know if you find anything there

I can defiantly confirm Denver.. it is borderline insane here still.  

Hi,

New to BP and REI and if I can shift a meeting I have in that slot I would love to come meet the group!

Thanks for putting it together @Heather Reed!

@Jason Wray Thanks!  It is really what I was leaning toward.  Do you work throughout Florida or in a specific region?  May move back to Tampa, FL at some point so would love to start expanding my network again in FL.

Little lengthy but the back ground is needed to frame this up and desperately need advice on how to navigate a situation on a property I inherited.  I have two very unreasonable half brothers involved, which I have been struggling with for 2 1/2 years to find a solution, hence the reason this messy.  Currently they own 16% each and I have own 68% interest in the property (they obviously believe they are entitled to and want 33.3%) which is 2.25 acres in an affluent area just outside of Downtown Orlando (tough to find that much land around there).  The property appraised at $450k, we own it outright, but is in poor condition, and one of my brothers is squatting in the house.  In his tenure there over the last 2 1/2 years a garage converted into a mother in law suite burned down and has put the property even further in disrepair.  If the house was rehabbed and mother in law suite rebuilt this could be a very nice cash flow property or could be flipped for much higher than $450k. 

Current options I am facing:

1. Legally press for a partition which would force a court house sale (no body wins but another investor unless I try to buy it myself at auction to get rid of my brothers)

2. Currently have an offer $220k to purchase my 67% from a neighbor who believes he can negotiate the rest of the property away from my brothers. Ultimately, I would use this money to strike out on my own Real Estate investing journey.

3. Try to find a parter, get the capital to buy my brothers out, and rehab the property for a flip or longer term rent and hold?

Any advice would be really appreciated.  I'm struggling with continuing the fight after this amount of time or taking the money and turning into another Real Estate investment

Thanks BP Team!  New to site but loving this community so far!

Thank you for the affirmation my gut was telling me. Cant tell you how much appreciate the input!!!

Hi,

New to BiggerPockets podcast/website and a beginner Real Estate investor.  I have seen hundreds of Real Estate classes out there designed to teach/mentor RE investing, setting up systems, etc. but not sure if it is worth the investment.  Lots of great books available, this podcast is AWESOME, and more information then you could consume in a lifetime so a little torn on whether to spend the money on the classes or not (they are relatively expensive but come with full step by step mentoring).

I am a hands on learner so wanted to get everyone's thoughts on question above.  Ultimately, my goal is to set up cash flow for retirement and leave my two young daughters a decent portfolio of assests.

Really appreciate any advice, looking forward to getting involved in this community, and super excited about RE investing in general.

Thanks so much!

Yuri