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Updated 4 days ago on . Most recent reply

Just wanted to share my experience with BP and how its changed my life!
Good Evening Everyone!
Crazy to think how much bigger pockets has changed my life but I have almost never get on the forums even though I listen every day. I was a Federal Agent for the Department of Homeland Security when I got into investing back in 2021. listening to Brandon and David on the podcast I fell in love with it all and dove right in. Started out buying small multi family thinking that was my best option, then I learned about the BRRRR process and now I am doing that at scale! we have about 3-4 BRRRR's a month going on now. a lot of people talk about a "perfect BRRRR" being when you get all your mom back out of the deal. that would be a WORST deal for me lol. I am profiting 50-75K on every BRRRR I do. looking to connect with more BP fans in Texas. Most of my portfolio is in Corpus Christi TX. I was able to step away from my job with DHS in 2023 and my real estate journey has taken off even more. I got my license in 2024 just to have MLS access. I Do represent myself on all my purchases if they are listed as well as I represent a couple of my buddies locally who are investors. Love to talk shop! I recently started a RE Youtube channel @investorplaywithgabe sharing all my on going projects and things Ive learned along the way! would be a great resource for someone just starting out or wanting to scale. I didn't come from money or a trust fund baby. I started with just money I had saved by house hacking renting my rooms of my rental out to other agents and saving every penny I could, no college degree and now have a portfolio valued in the 8 figures and have retired at age 31. Lets connect! if your looking to get into a new market or if you are in Texas! I am also expanding more into Houston and San Antonio areas as well.
Most Popular Reply

- Lender
- The Woodlands, TX
- 9,526
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I’m afraid your inexperience and naivety is showing. In addition, It appears reading into your answer you only want “atta boys”, not anything that can in the remotest sense be considered “criticism”. So instead of opening your self up for learning, you quickly defend your achievement. Very childish, and totally unproductive.
Most if not all of my contemporary investors can confirm when prices in certain major markets fell 50% - because we lived thru them. Here’s a synopsis of the Case Shiller Housing Index 2008 - 2011 “Nationally, home prices fell approximately 27% in 2008, but Phoenix experienced a much sharper decline, losing around 56% of its value”. That was
just 2008, 2009 -2010 nationally prices fell another 13%. So nationally we had a 40% decline, with Phoenix, Miami, Las Vegas and San Francisco showing 60% + decline. That’s why I purchased 5 properties in Phoenix area in 2012 - for 60% BELOW what they had previously sold for.
A more recent example is office properties. Office values have declined on average 40 - 45 % nationally, with some markets down over. 50%. Here’s an excerpt from an article
“ In May 2024, for example, the office building at 1740 Broadway in New York, originally purchased for $605 million in 2014, was sold for under $200 million. This underscores the sharp decline in commercial property values in some cases.
Many office building owners financed their properties at low interest rates pre-pandemic. As loans mature and refinancing at today’s elevated rates becomes necessary, the financial burden increases, especially for buildings already struggling with high vacancies. Recent sales reflect severe devaluations. A Washington D.C. office building sold this spring for $16 million, a sharp decline from its $72 million valuation in 2018. These losses are making lenders and investors more cautious about financing office properties.
- Don Konipol
