All Forum Posts by: Brian Price

New to RE investing. Put my house on the market FSBO 5 mo. ago. My thought being, how do I gain experience if I just list it with an agent!?! Most inquiries have been from other investors. So I added "possible owner financing" to the listing and got a fish on, now what!?!?

Can someone tell me how to structure an Owner Finance deal?

As I'm writing this, I'm not even sure if it's doable! I have $170,000 mortgage at 6%, with a pmt of $1850/mo plus $100/mo HOA, taxes & ins. and my asking price is $289,000.

Any advice?

@Steve Morris

I haven’t put a sign up. I guess because I didn’t want to run away any current business; however, if it will help me to move on quicker then so be it!

Thank Steve

I have a rental townhouse and a business in a 5300sf commercial space that I own. I’m also renting out a room in my house.

I’d like to quit doing what I’m doing and pursue real estate investing full time but first I need to rent out my building. I’ve listed it on loopnet, FB marketplace and Craigslist. Any other suggestions how to market it? Should I enlisted the help of a real estate agent? What are their fees. I know everything’s negotiable but Someone told me 10% of the term of the lease. On a 5yr term that would be $30K!!!

Thanks for your input!

@Nathan G.

Thank you for your advice. I just listened to a podcast about finding an agent with investor experience and I have reached out to someone in my area.

In the meantime, I want to learn myself because the seller just fired his realtor who would have made $40K on the deal. That now gives me some room to negotiate.

Make your money going in! Right!?!

New to investing. I'm self employed and For the past 18 months, I've only paid myself $350/wk due to last years hurricane and now this pandemic. I own an investment townhouse free and clear and I conservatively estimate its value at $105K-$115K. I gave my tenet a deal for paying cash. I have X amount of cash now; however, I think I've shot myself in the foot! Lenders want to see a history of occupancy/income. Is there a way to leverage this property? perhaps a private investor!?! If so, Where should I look? Also I'm putting my primary residence on the market because I'm tired of paying an HOA! There's about $45K in equity there. The plan is to acquire a multifamily property and/or house hack. The ultimate goal is to generate enough cash flow to dedicate full time to learning real estate investing.

I keep hearing the term make sure you do your due diligence. I would assume that means no leans on the property. How do I find that info and what els should I be looking for?