All Forum Posts by: Brendan Bruno

@Laura Alamery What is a contingency? And how do you use this to let you have time to market after contract signing?

@Joe Villeneuve That's great advice on partnering. I am starting to get connected with other startup investors in my area that I can hopefully joint venture with in the future.

Hey BP! So I am intending to get invested in real estate, but my end goal is not to "quit my 9-5" like I see so many people striving to do. I love my career and am working my way up as an architect.

I'd like to get some input from others out there who do real estate investing "on the side" and have been successful.

Does anyone have an idea what you can purchase non listed multi-family properties for in the Pierce County, WA area? (Such as purchasing wholesale with maybe minor rehab needed).

I am looking to get invested in a duplex or triplex in about a year or so and I am just trying to put together an idea of how much to save and if I need to adjust my timeframe.

Thanks!

@Tim West Thanks for the great insight and kind words! Too bad I can only give 1 vote!

@Matt K. Thank you for that insight. I will take a look at those things.

Let's all assume that there is the potential in this house to build very good equity and that I can, in fact, buy it for somewhat less than market value. And that after I buy it will be my primary residence with a mortgage cheaper than my current rent.

I'd like to get ideas on how to turn it into a boost for my other and/or future investments.

Thanks.

@Matt K. I agree with you which is why I am looking for solutions on the best way to go ABOUT buying it so it is mine in the future. I don't necessarily think any speculative discussion is off the table at this point.

I could buy this house (or any other one in the area) from the owners and have a regular mortgage and continue investing otherwise. What I am trying to think about is how I can possibly make this work as PART OF my entire investment scheme.

@Account Closed Thanks for the tip. The owner of our house is not a serious investor, I'm not sure what I've said to project that idea. 

And yes, I am familiar with rent-to-own and all of its benefits and drawbacks but we look after the house as if it were our own anyway. We see a lot of potential in this house and I believe it could have a huge ARV if we can capture it properly - which is why I am trying to fit it into an investment plan (plus yes I do have an affinity for it since I am fascinated by its architecture).

@Matt K. we have been renting this property for a while now and have a good relationship with its owners who to my knowledge are not serious investors. But you are partially right, my kids are growing up here and moving them to a new living situation is not an option anytime soon. I am trying to figure out how to make the best of this by fitting it into an investment plan.