All Forum Posts by: Anthony S.

Thanks @Cory Dean for exactly the question I wanted to ask! 

How did things turn out? What transfer method did you use? Did it matter that the LLC was established before you bought the property originally?

@Jake Kozul thanks for you on point answer! Is it still the case that banks aren’t enforcing the Due on Sale clause? Is there a way to double check with the bank beforehand that they won’t enforce it? What transfer method would you suggest?

@Hattie Dizmond, what is the significance of whether the property he wants to purchase needs rehab or not? Does that change the likehood of getting approved, or of being able to transfer the property? 

And what are the pros/cons of using a Home Path loan vs one insured by the FHA?

Thanks everyone! 

AJ

Hello again, y'all,

My name is AJ Sibley. I'm a senior at Princeton University, and I'm passionate about financial independence through real estate, and about paying forward to others, the many blessings that I enjoy. While I first found BP a few years ago (and have listened to every podcast episode), I am only now able to truly participate. Long story, short: I developed a seemingly untreatable eye disease that precluded me from looking at any screens for the past 3 years. 

By God's grace, last month, Doctor #14 figured out what was wrong, and I am now on a treatment plan. And so, I return to BP, on my quest to gain the skills I need to attain financial independence!

Melodrama aside, I have about $30k (potentially more), and am hoping to learn all that I can about rental properties and fix/flips, in order to make sure that my first deal is both an educational experience and a financial sucess. Shooting for purchasing in August.

VALUE-ADD: I am motivated and capable, and have experience property managing in a working class, urban environment. I can bring value to your business by: answering leads from advertising; showcasing properties and handling tenants' issues; sweeping/cleaning; or even (immaculately) handwriting direct mail letters... And more!

I am currently located in the DC metro area (Vienna - Fairfax), though I am able to quickly relocate to Jackson, MS; Nashville, TN; Princeton /  Hamilton, NJ; or Hampton / Newport News, Virginia. 

Even if I am not in your market, I can work remotely, and would sincerely appreciate any advice as it relates to partnerships, analyzing markets, or the technicalities of using a LLC and of FHA 203(k) loans.

THANKS!

AJ

Hello everyone,

My name is Anthony Sibley and I am a would-be rising senior at Princeton University. I say "would-be" because my family unfortunately will not be able to afford my tuition for the upcoming year, and so I'll be actually returning Fall of 2017. That said, I'm looking forward to make the most of my time away, and to get further involved with real estate, particularly house flipping. Last summer, I orchestrated the reconstruction of my grandmother's house into a 10-room boarding house, and am now managing the the property and its tenants. 

While I do not have much money ("yet" that is, hopefully!), I would like to learn as much as I can about all types of real estate and other investing. I am currently interning in Jackson, MS, but live in Yorktown, VA.

Please reach out with any advice that you might have!

Many thanks,

Anthony