All Forum Posts by: Marc S.

@Jamie Bateman thank you Jamie. I guess it was a bit confusing. But to put it in not so confusing terms lol, is it possible to dedicate time to incest in Notes and property at the same time?

Afternoon and thank everyone for taking time to read my post/question.  

To get to the "meat and potatoes", I came across the Note investing topic on BP and it has been an outlet of investing that I am starting to become interested in. I am a first time investor and am currently thinking that I want to diversify my investing strategy. 

Currently I am researching into two-three locations to buy my 1st door for LTR and am still deciding if I want a single family or duplex.  The stack theory by Brandon is really an intriguing and interesting one.  As is obvious, every time I start to read into a forum, watch a podcast or read an article I am learning about another possible source of income to learn about (House Hacking, Motor Homes, Flips, SRT, etc), but the Note topics caught my eye.  

Any feedback positive or negative would be great!

Marc S.

Have you got any intel about your questions?  I saw a video on this.  

I just read and saw a video about this, have you found out any info about this? Scam? Valid? 

If you become a Pro member on this site, they have every tool and spreadsheet and analysis you need. With unlimited usage! 

Marc

@Ned Carey  @Andrew Syrios @Steven Foster Wilson

Thank you for all your suggestions! I will definitely take into consideration your advice.  Unfortunately, my wife does not want to live in a duplex/multi Unit and is looking for a home for the long term for the moment.  But, I will attempt to reach out to multiple lenders to see if I can get an offer.  

I know that living in a property and renting it out is a great way to generate CoC and positive cash flow. I think if we can find a house where we can maybe rent the basement, she would be ok, would that be the same as living in a multifamily, but obviously less cash flow?

Afternoon,

I am the classic definition of new to this market. I want to start building my door portfolio and become financially free for the future I have set for my family and I. My question is, I currently do not own any properties but am using BP so that I can start researching for my 1st property. In the mean time my wife and I are shopping to purchase our first home to live and raise our family. 

My question/concern is; will buying our first home effect me in the beginning process of getting my first rental property due to the fact that I will be taking out a mortgage to buy our fist home? Will a lender (bank) look at my current debt when I attempt to purchase my first real estate property and see that I currently have a mortgage already (too much debt-to-income ratio) and as a result this makes me an undesirable client for them and more difficult to obtain that 2nd mortgage for my 1st rental property?

Thank you!

Marc
NYC

Afternoon Dave,

I am a the classic definition of new to this market.  I want to start building my door portfolio and become financially free for the future I have set for my family and I.  My question is, I do not own any properties yet and am going to join the PRO feature of BP so that I can start researching for my 1st property.  In the mean time my wife and I are shopping to purchase our first home to live and raise our family, my question is will buying our first home effect me in the beginning run due to the fact that we will potentially be taking out a mortgage to buy our fist home?  Will a lending company look at me when I try to purchase my first real estate property and see that I curretnly have a mortgage already and in turn makes it more difficult to obtain that 2nd one to start buying renal properties?  

Thank you!

Marc

NYC

Thank you Dan!  But I would like to get a piece of property that is situated near a beach and with mostly year round nice weather.  

Aaron, 

It's not off the table, I have been looking into Florida as well but generally, and correct me if I'm not right but I have been seeing that I get more for my money outside of the US.