All Forum Posts by: David Arney

I am a graduate student working on my PhD in Raleigh.

My research is developing alternative fuels for energy.

I have ~2 years left before I become a doctor (cross fingers here)

I am currently not involved in real estate, but would really like to become involved. I have friends that invest in wilmington and I may learn/work with them soon. In the meantime, learn as much as I can here!

Once I get my degree I will go into my field, but I would like to work in real estate part time, then eventually make it my permanent job. We'll see what happens, I'm only 25, plenty of time!

are there any advantages to building new homes for the purposes of renting them out as investment properties? Or is this just ridiculous?

also, how do you weigh the pros/cons of building new homes with the intent of selling them short term (<2 years) versus flipping existing homes with the same goal.

yeah i guess it was a big question

i was guessing shorter term, <2 years.

What my concern is I prefer to borrow as little money as possible, but sometimes financially that doesn't make sense, especially if you are getting a good rate to do so.

interesting to know, thanks for the info

<-------raleigh

thanks for the help guys, much appreciated

I have another question.

Let's say you are interested in purchasing an investment home that you want to sell for profit at a later date.

You have the cash to both buy the home outright and make any repairs necessary to fix up the home.

Is it better to use your money to purchase the home and make repairs, or is it better to get a loan instead for the home?

I understand the advantage of not having to pay any interest to a lender, which is always nice, but does that overcome the extra risk you are assuming (is it even riskier that way?)

I just didn't know if that was the best way to really stretch your dollar out by investing 100% into the home without properly considering borrowing money.

one thign that comes to mind is, if you have the money to buy a home outright, why not borrow money to stretch and buy 2 homes and increasing yoru earning potential? Is that a good thing, or do you start to spread your money too thin?

thanks

nope!

I make 20K/yr from my graduate stipend and have no deductions.

my taxes are as easy as it gets.

i'm also poor

I've been reading many different threads, and I find all of them really fascinating. Each one is it's own story, yet in a way they are all related and you use the same tools to solve the problem(just like in poker).

I'm coming into one big snag, though, and that is I have no idea what any of these terms mean!!

I admit, I really know nothing about real estate and I came here with only an interest. No experience, no contacts, and I'm not even looking at a property. I just want to learn. I have a small sum of savings that I though could help me out if I do decide to invest, that's about it.

In addition to this website, are there any good books you recommend, for complete beginners like me? I have no clue what a bird dog is, even though I read that thread, nor do I really even know about hard money loans or non disclosure agreements or any of that. I need just somethign to start out. Or maybe a thread to point out that has a list of terms and such.

thanks

Hey Guys,

I'm dave (you can call me arn), I'm 25 and am a graduate student in Raleigh NC. My field is chemistry, but I have always been interested in real estate and business, and i'm a natural born salesman (at least that's what everyone says). I've come here to look for a potential career or perhaps as a side hobby if I ever in fact do become a doctor :)

I have no experience with real estate, but I would like to learn as much as I can. My college degree was in physics and chemistry, but i did have a minor in economics, I understand the value of a dollar, and I can do my own taxes, lol.

I enjoy playing poker in my spare time, and was semipro for a little while (semipro = didn't get rich) and still belong to a private group of many close friends and high stakes players. Some of them you may have seen on tv...

My chemistry career is in the field of alternative energy research, mainly the production of hydrogen fuel from sunlight and water. Very cool stuff.

Thanks again
arn