All Forum Posts by: Arron Paulino

I need help understanding what I need to do on this potential SFR I want to purchase. It fits my numbers, but has title issues. This is the email I got from my buyer's agent:

“According to the listing agent, after examining the title abstract, it was determined that title to the property is uninsurable in its current state due to a previous tax sale in the chain of title. They have attempted to prove that all interested parties received actual notice of the tax sale, but were unsuccessful; and therefore, the title insurance company refused to insure without a quitclaim deed from the prior property owners.”

Is it possible to make this work so I can own this property? Any advice would be appreciated!

I'm considering buying a property to rehab and then rent out for my buy-and-hold strategy. It'll cost me about $55k to purchase and about $5k to rehab plus other costs (maybe another $5k). Running comps on the area, it looks like conservatively, houses sold for $70k in the area. Is it possible to purchase the property through conventional financing followed by getting it appraised (after a seasoning period I would assume) and then refinancing to do a "cashout" for whatever can be recovered from the property? Should I just keep it traditionally financed? Looking forward to responses!

Hello BiggerPockets community! With Covid-19 affecting local REI meetups, how are you all able to find connections? I am from the Bay Area, CA interested in finding wholesalers to obtain deals of my own in Memphis, TN. I currently am just getting my real estate journey going through passive routes such as promissory notes for annualized returns, joint ventures with some of my savings, and investing in myself to learn more about how to actually obtain deals. Looking forward to hearing from the community!

 Thank you for your reply! I will continue to build on these relationships to obtain more cash flow opportunities.

I now better understand the difference between the two with your explanation. I feel better with private lending rather than mortgage investing and will continue to set my sights on that direction. If you have any avenues you would like to share, I am all ears.

I will definitely continue to keep learning about note investing as it is something I have found to make sense to me. I will be looking into reading the book you have recommended as I am always looking to expand my reading collection. Thank you for being a source of knowledge I can seek information from for my real estate investing journey!

Hello,

I have recently started real estate investing with money saved up that I wanted to put to work. I currently have notes as follows:

- Promissory Note: $25k invested, with interest payable on the unpaid principal at the rate of 12% per annum, calculated monthly not in advance, to be paid in full within 12 months (plan is to reinvest with this borrower)

- Demand Note: $50k invested, with interest at the rate of 10% ($5,000); possibility to reinvest when more investment opportunities arise with this borrower (made sure to establish a connection with this one and we ensured a win-win all around)

My goal is to establish trust and create relationships with these borrowers and continue to reinvest these funds when goals are met. I would like to meet more of these types of people as I have found an interest in note investing. I have $25k more I want to invest and want some advice. Do I lend the rest to the promissory note borrower (apparently I can put more in, but not sure how this affects the note)? Or is there another avenue I should explore? Is there somewhere I can get "more bang for my buck"? I have been researching for more of these kinds of investments and stumble into mortgage investing too, but am not familiar with this. I could go the "invest in yourself" route, but do not really know what to invest in. I really appreciate the feedback for this post and look forward to taking more action!

Hello,

I stumbled upon Pro Funds Mortgage when I was watching YouTube videos and am curious if anyone has any experience with them. I see they are based in Ontario and have great returns quoted (about 12%)  with a minimum investment of $50,000 needed on some investments. I cannot seem to find any forums on the Biggerpockets community about them and thought I would put this out there. I am also looking for mortgage investing tips in general as it seems like a good investment when due diligence is done. I look forward to hearing replies!

 Thanks for the reply and explaining! Have you done any yourself or can you recommend any trustworthy opportunities that I should look into? I have started finding these "debt investment" opportunities, but want to try out the larger investments. I am interested in long-term and equity deals. Looking forward to a reply!

Hello BiggerPockets community,

I am interested in private lending and looking for trustworthy opportunities to invest money into besides just parking it into a bank. I am seeking this lending route to get myself emerged into investing at a minimum level so to say. Is there any opportunities that offer around a 10-15% (or more) that are short-term (1 year or less) to invest in that help fund real estate deals? I have found one currently, but looking for more avenues to explore. Looking forward to the responses!

Hello,

I am new to real estate investing and came upon turnkey companies. They seem great for individuals with not much time to actually do the work (find tenants, property management, investigate an area, etc.). I am wondering if anyone has had success with these types of investments and are in a similar position to me (aspiring professional with W-2 income). One in particular I am looking into is MartelTurnkey and his company seems genuine, but am open to hearing about any other turnkey company stories. I do understand it is low risk = low return, but it makes it easier to just get started for me. Should I go this route to start? I feel like I am at a point in my life where I still want to succeed in my career and have real estate on the side for now. I'd like to hear from members who have had a track record with turnkeys. 

Hello. I've been listening to Grant Cardone's podcasts during my drive to and from work and have been inspired to take action on what I want to achieve in my life. My question is: Has anyone actually seen a decent return from investing in Cardone Capital? I'm thinking of doing so since I have some income I wouldn't mind parking there, but do not want to just go in without prior knowledge of what I'm getting myself into. Any tips or suggestions? He also is high on commercial real estate with a minimum of 32 units. As a newbie, this seems like a stretch, but is possible. What should I do?