All Forum Posts by: Brett Eskew

Thank you for that, that makes sense.

Hi im a little confused on figuring out these loan terms and was hoping someone here could help me out. For example one lender offered a loan with 5% amortized for 30 years but on a term/balloon at 5 years. If someone could explain this for me i would appreciate it. Thank you.

Hi im looking at investing in the midwest in states such as Ohio, Illinois, Arkansas, Indiana, West Virginia, and so on for single and duplex homes. Im looking to connect with someone or people who work and deal in that area. It would be nice to get in touch with a broker who can help with securing financing and possibly a real estate agent all in one for that area instead of having to have a bank and agent for each individual state especially when im not set on one particular state. If you guys know anyone i would appreciate the help or any tips. 

Thanks for your guys response. In regards to my dad as an investor, I’ve been trying to think of a way to pay him back fairly. He wants 10-15% per year but does he get his initial investment back after 5 years? Does he own x amount of the rental? Or just x amount of the business for as long as I have rental? 
it’s a little tricky to come up with something which is why I was wondering what others have done.

Hello,

       A little back story on me, im 21, in college, and i want to invest in some multi family properties to help pay for college and the be used as semi passive income after college. Ive been talking with my dad about this idea and in a short story trying to convenience him to be an investor in me/my business. I would use his money as a down payment for the multi family and then pay him back with interest.

My questions is how do you guys go about setting up the terms for paying an investor back. I dont even know whats typical interest rate would be in this situation, for how long, does he own part of the property, or just get a certain amount back, and so on. I havnt been able to find any examples on BP as to what other people do. If you guys could lend some support/tips i would greatly appreciate it. 

Also for someone in my situation, do you guys have any tips on going and convincing a bank to loan a college student a few hundred grand(with a 10-20% down). 

Thank you for your help.