All Forum Posts by: Account Closed

Anyone able to shed some light on how you personally figure in the savings of interest expense and depreciation on your investment?  I have heard a ton about cash flow, but there is the other great tax benefits, although I don't know how to go about guesstimating or calculating what these might be.  Anyone with more knowledge care to share on either a specific method, or broad based thoughts on whether you would even take that into consideration when looking at an investment?

Thanks in advance. 

Curt, question for you, it looks from your post as though you aren't using Dodd Frank guidelines if you are putting in a tenant lease option buyer, is this correct?  I have seen a lot of debate from both sides, from lawyers to investors about this.  Where do you stand?

Plantronics voyager legend. Amazing headset. I'm in the phone a ton and I get really bummed out if I ever forget it at home, I hate using the phone without it.  It's about $100 but worth every penny.

Thanks for all the replies, I actually found some great youtube videos that break down pricing comparisons between the different hosting sites also.  Gotta watch out though, some of them are sponsored by the sites they are recommending!  No conflicts there...

Question for those that have bought with hard money and refi'd, I have looked around on here but not found an answer to this question. If I buy with hard money to rehab a duplex I am looking at, when I go to a bank to refinance it into a conventional loan what is the equity amount they are going to want to see in order for me not to have to put more money down? I know if I was to start out with conventional they want 20% down, and in a situation where I already own the property in order to pull out equity most banks won't loan over the 70% LTV mark. An yes I know there are seasoning requirements that differ by banks so that is not a question I have, it is mainly the max LTV of an appraised price once the duplex is fixed up that I will need to be under. Thanks in advance.

Jarred

How about domain name purchasing?

 The one thing that comes to mind for me here is that if your deal goes bad, worst case scenario home equity line of credit can lead to you losing your house.  I prefer unsecured line of credit if you can qualify.  Worst case scenario you'd still be able to keep your house at least.  Obviously the rate may be a little higher but still nothing close to a credit card or hard money.  This would be directed to the person getting started, as advanced investors would most likely be able to better evaluate the deal.  I personally am not an advanced investor, and I much prefer an unsecured line as opposed to using a home equity line, for now.

I have seen a lot of older posts regarding this, but I am hoping for some more recent responses in regards to which web domains are the best as well as the easiest hosting.  I am seeking a webpage for my business but also a squeeze page, so anyone experienced with getting those set up, your advice would be greatly appreciated.  

I used to live down there and my first recommendation is to move away. Just kidding, but I went to school at Southern and that area was just too small for me.

In regards to your question there is a reia in Eugene that meets 2x a month although that is about 3 hours from you. I would probably go all out to find a mentor in the area. I'm no expert and I'm sure other people would have different ideas but to start I'd look at Craigslist and see is there is anyone buying/selling real estate that sounds like an investor, maybe says something about wholesaling or flipping. Call them to introduce yourself.

I also hear about people going to the title company and asking for reports of cash only sales in the area and you could maybe do that and contact some of the more frequent buyers to offer to take someone to lunch to learn or even to act as an unpaid intern to do grunt work and get your feet wet.

Reia are good but not the end all for networking. You will probably just need to make the initial contact because they will probably be able to direct you to other investors since it's such a small community I'm betting most investors there would know the rest by first name.

Ok I must be missing something because all these deals seem to have balloon payoffs at some point. No one wants to finance you forever especially if you're wrapping their loan. What do you do when you have exhausted the amount of bank loans you can get and a balloon payoff is coming due? I don't have this problem as I don't have this many mortgages (or any sub to's to be honest) but it does seem like there could be a difficulty down the road. Suggestions?