All Forum Posts by: Ben Warren

I neep guidance from the BP community! I recently found a property that interested me due to the cash flow it is bringing in, in a marketplace where that is not the easiest to find especially when you are the new guy. Its a duplex, 1 unit is a 3:1 the other a 2:1. the concern is that it has been on the market for some time now in a market where that is uncommon. I have not seen the property in person yet so it may because its a bad property plagued with maintenance issues. My current theory is that it is because the property sits right on the edge of an interstate. So,, how important is location when it comes to multifamily properties, my first thought is that as long as it cash flows it should'nt be a problem because i wont care to sell? Am i correct in my assumption? Thanks alot for all your help!

Today I talked to the mortgage company that I used in the fall to purchase my home here in Nebraska. She told me that they require 20% down for a rental property. I was wondering if there are banks that have a lower down payment requirement, or if the 20% is the norm with no exception?

Thank you, that helps out so much! That's exactly the kind of information I was needing

Hey everyone, I'm currently in the process of finding my first rental property. I figured once I found one it would be important to me to get a tenant in ASAP. along with that obviously comes with a few things so my questions are :

1. how do your tenants pay you?

obviously there is the traditional method of a physical check every month but I know that there is something better. I have heard of paynearme but I know nothing about it.

2. what is the best way to acquire a tenant contract?

3. how do you screen tenants, what is your criteria? is there a helpful website?

any info helps me out so I appreciate it! Thanks

@Brian GibbonsI will start researching what you have listed because I honestly don't know what most of them are. But that's what I love about Real Estate Investing, there are 100 different ways to make money!

Thanks @Micki M.

I recently read my first investing/REI book after becoming interested in real estate investment opportunities. Rich Dad Poor Dad was amazing, it really changed my way of thinking from the norm, from what society teaches and preaches. I have been doing some research on what I think my initial niche will be. I think buy and hold investment opportunities is what I'm after. Passive income is very appealing to me. don't get me wrong flipping or wholesaling making a lump sum at one time sounds awesome too, but I think I should fist learn the basic inns and outs of the business and get to know some people before I take on projects like that. so I guess my question is, what do I read now or what further action steps should I take. I'm signed up for the BP webinar tonight and in a few weeks I will be attending my local REIA meeting to try to get to know some folks who have done what I want to do. Thanks in advance

Thanks! My wife and I recently revised our monthly budget in order to save more money and put it into a separate acct. designated for investment opportunities. Until we reach our goal, I have been reading Rich Dad Poor Dad. I will be continuing researching as much as possible learning everything I can until our goal is reached. I'm currently researching where I physically want to invest

My name is Ben Warren. I have a small family and a good corporate job, a small part of the American Dream right? But waking up everyday for the next 35 years in fear of losing what i have is not on my agenda anymore. Passive income to become financialy  free sounds much better.