All Forum Posts by: Benjamin Parker

On android. The app does nothing when I click to upload and when I go to https://biggerpockets.com/prof... it says "page not found".

Hey, I'm wondering if there are any flippers or wholesalers willing to train me on cold calling. I don't expect to get paid but I'm looking for knowledge to start my own company. I'm prepared to quit my driving job and move wherever for the right opportunity but I'd prefer to work from my truck over sitting in a cubicle. 

Thanks!

Any updates on this?

I read the predatory lending moved to vehicle dealerships. Layoffs would lead to car repos would lead to foreclosures just the same. 

724

looking in ND

Do I need to use a broker if I'm out of state?

The broker I just talked to said I'd need 25% down for a 30 year fixed rate of 5.something.

Thanks, Jerry.

It would just be a place to collect my mail really. I'm a single OTR truck driver but I think your point still stands. Letting a unit sit empty 350 days/year can't be better than paying extra interest. I guess I could actually do the math. 

@Bjorik (lol your name auto- corrects to Bjork), 

My agent is going go FaceTime over Skype and do a walkthrough. I'm stuck down south atm.

More info on property: $115,000 - built in mid 60's. All 4 units 1 bed, 1 bath. Waiting on rent rolls but lowest I've seen in the area is $495. All new roof, siding, windows, paint this year. Interior is very basic. Not sure if separately metered but I'll do that if necessary. 

Talking to a broker tomorrow and have all my tax records, pay stubs, bank statements and IRA/CD statements in a folder on my phone. Credit score is good but not excellent (724).

I found some due diligence lists I'll ask my agent about tomorrow. 

25% down is fine with me. I'm prepared to buy outright in cash but really hope I won't have to. 

You guys are awesome.

Hey guys, I'm all nerves so tell me everything's going to be fine please. I just got the ball rolling on a 4plex. Assuming the numbers all check out and the inspector doesn't find anything deal breaking I have some questions. 

1) I don't live in the state I'm buying in. Do I need to occupy one unit to qualify for a conventional loan, or should I rent all four and pay the higher interest? Moving there isn't a problem.

2) I'm trying to do everything over the phone. The agent I spoke to is an investor and tells me we'll make it work but is there anything I should prepare for?

3) Do I need a lawyer before signing anything?

4) Any tips on anything?

5) I freakin' hope this works out. 

Has anyone organized the podcasts from beginner to pro or something similar? I'm getting a lot of information going in order but it's a little scattered in my head. Just curious, not complaining.