All Forum Posts by: Anthony Lewis

@Tyler Roth That sounds good to me feel free to inbox me.

@Tyler Roth

Glad to hear your starting your journey, are you investing in macungie? What are your goals? I currently invest in the Allentown at the moment.

@Derek Persuit Have you considered bringing in an investor to lend against the property? Free and clear leaves you a lot of options and flexibility. I would consider some alternative income sources, secondly try utilizing your own equity as a heloc rather than a refinance. The rates may not be as nice however you have now converted you cash-flowing unit into a bank that can continue to give for some time. 

@Nathanael Gonzalez Welcome and congrats on taking the first steps towards your financial independence. I recently started myself and currently have 1 SFH I will be renting in the next 3 months. Best of luck and feel free to reach out :-).

@Joe Colasuonno I manage a small IT department for a manufacturing company in Souderton PA.

@Martin Morales Yes, I purchased a SFH in the Alton Park area. I plan on renting it out later this year. I went conventional on this one but moving forward I'm going to BRRR.

I found my first property on the MLS and while it was an ok price I could of negotiated a little better, but you live and you learn. Also check craigslist (once in a while) and stay connected with some off market wholesellers. I'm actually looking forward to utilizing a few low cost entry strategies that consist of seller financing options, tax liens, private lending, and assuming established mortgages in the future to build my portfolio.

Good evening @Amira Willis, 

First I want to say I'm relatively new myself and not a experienced investor. Secondly I would not personally start by offering payment for coaching, I would offer services maybe running errands, finding deals, essentially sweat equity. If you offer payment you will probably get a few self proclaimed guru's regurgitating information probably right from the forums and BP podcasts. I've recently (in Nov 2018) purchased my first property in Allentown Pa, Lehigh valley is worth a view especially in comparison with NY pricing. I myself look into a few markets for different reasons:

**Appreciation Markets: Near Austin Texas, Near Atlanta GA, Near Philly, Near Newport news VA.

**Rental Markets: Lehigh Valley (Bethlehem, Allentown, Easton, Emmaus), Near Atlanta (Diverse market), Jacksonville FL,

Make sure when choosing your market you consider the reasoning for choosing the market. I would not consider NJ or NY for rentals because it is a tenant friendly market and I would rather not wait 6-9 (maybe more) for the eviction process. Also keep in mind Real estate is a bargaining game and you can find MLS deals if negotiated properly never offer full price up front I would start at about 60-85% or less to test the waters. There are no one size fit all deals so dive into financing and various structures of setting up deals. This is the area that your money is made ( at the negotiation table).

All in All good luck!!!

*excuse any grammatical errors, I do have a 9-5,  gotta get back.

@Charles Giovanniello the terms would be a discussion with your partner. Some partners may be able to provide funds and "time/sweat equity" which typically equates to monetary equity in the property. Some people may be fine with reduced rent (I would exercise this first if they bring no equity.) The person will most likely be required to be on the deed fro FHA (** double check** )but it can most likely be structure through proper contracts to reflect the reduced rent as a form of payment.

@Charles Giovanniello have you thought about partnering with someone in the area who could fulfill the "Live in" requirement allowing you to maintain your current living conditions? It will also help mitigate some potential risk and help with management since you do not live in the area.