Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

276
Posts
181
Votes
William Brown
Pro Member
  • Wholesaler
  • Los Angeles, CA
181
Votes |
276
Posts

Looking for creative input

William Brown
Pro Member
  • Wholesaler
  • Los Angeles, CA
Posted

So my parents (I'm 17) have bought a charter boat and started a chartering business which, starting in the fall when i go off to college, they will charter people around and make some absurd amount like 20K a week. So their new business is profitable. Here is where I'm looking for some creative ideas.

The house we currently live in they built in 97 on an empty lot in Northern Virginia, and it recently appraised for around 900k. Right now, we have a tenant in a separated carriage house on the property, who pays rent @ 1100 per month.  Recently we refinanced and got a <3% mortgage, which is good for the next 6-7 years, then it will jump up to 8%. At that time they are planning to sell. But in the mean time, they are planning on renting it while they are overseas and our long trusted handy neighbor will be the property manager. 

Neither of them have ever done anything with real estate, and being an entrepreneurial future investor, I would love to hear some ideas or suggestions to share with them, and to learn from as well.

Thanks everyone! 

  • William Brown
  • [email protected]
  • 310-919-0587
  • Podcast Guest on Show #371
  • Loading replies...