All Forum Posts by: Brilliant Clayton

Joe Lane, I too would like tips

BP I am stuck. I don't know whether to purchase a sub30k property for cash flow (probably preferred by Dave Ramsey because I won't need to take out a loan) or use the cash for a down payment on a MF/small apartment. Any suggestions????? FYI: This will be my first REI; average credit score; high DTI; 45k a year salary

Hi Elizabeth. I live in BR as well. I was thinking the same thing in rehabbing these properties especially in Central, Zachary, and parts of Livingston. Please don't hesitate to contact me if you would like to connect and bounce ideas and resources when I comes to financing

Another Newbie Question

Is it possible for a person that has bad credit with high income and an individual that has good credit with low income to enter into a joint venture to obtain loans for investing? How would that joint venture look? or are there good books, podcast, etc on BP that can shed light on this for me??

Look forward to the responses

@Yoochul C. what are supplemental home warranty services? I was mainly referencing the big ticket items but it would seem that investing in a supplemental home warranty for the stuff breaking would be ideal.

Thanks to you all for the great info. It did not cross my mind about the claim aspect of it.

Gotta love BP

Newbie Question Wouldn't obtaining insurance (comprehensive home owners insurance) on a rental property take the place of cap ex? Looking forward to the responses

Newbie Question Wouldn't obtaining insurance (comprehensive home owners insurance) on a rental property take the place of cap ex? Looking forward to the responses

@Aaron Montague 

Now, that is something that I did not think of. I believe i will implement that strategy. Thanks for the help.

Thanks everybody for the feedback. I was trying to come up with additional safeguards to protect my investment. I guess my brilliant idea was not so brilliant.