All Forum Posts by: Austin Andrews

Jeff, I am more than happy to help with any questions! Per the financing question, I would 100% finance if you are able to. There is no reason to put down 100k on a property when you can put down 20k, for examples. Sure, you have no note and you might cash flow much better, but you lose out on plenty of benefits and net worth growth from taking that approach. Feel free to PM me with any questions!

@Stephen Schott is the guy to talk to.

I agree with Jaysen, with 200k to invest I would be looking at mid size multi-family properties. You could structure this several different ways: You could both own the property, such as he puts the money in and you do all the sweat work for a split in ownership. Another option is he could loan the money to you for a percentage ROI and you use that loan to purchase property yourself. Both options should be in writing and have a contract so neither party gets harmed in the agreement.

Lawrence Wittels with The Enterprise Law Group. DM me if you want his info.

Very knowledgeable when it comes to real estate!

Hey Ben! Are you looking for single family or multi-family properties in those areas?

@Jeremy Krueger I haven’t been on the investor side of single family multi tenant rentals. In college, a couple of us got a house and they just put all of us on separate leases. I’m not sure how the laws work up this way, but possibly speaking to an attorney would be the best bet.

Is St. Louis too far from you?

Agents can absolutely help you find off market deals. In St. Louis, all I do is off market deals for my clients. I would call around to different agencies and find out who specializes in off market deals, and take them to lunch. 

Sending you a PM

I don't it slowing down whatsoever. Is it priced too high? Is there any way to value add? If you look at comps, how long are they on the market for?