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All Forum Posts by: Account Closed

Account Closed has started 14 posts and replied 196 times.

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Morgan Clark:

Hello my name is Morgan I live in Tampa , Florida. I am very recent in the REI field. I'm hungry and want to learn more. I just want more knowledge and help on what my next move is after the little moves such as reading, videos, conferences , podcasts... what's my next move after the little moves ?

 Go out and get looking ! That will really get you ready to move forward .  The you can start running numbers on those properties etc.  figure out what a good deal is and then act !

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Kaelyn Hearn:

Hi Bryant,

Where are the best deals found? Do you buy list, search the MLS, go to REI Clubs, etc. ?

 All of the above . Just let anyone and everyone know what you are looking for ! 

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Kaelyn Hearn:

Hi Bryant,

Where are the best deals found? Do you buy list, search the MLS, go to REI Clubs, etc. ?

 It really depends on the market and how competitive it is. For me I can find some hidden gems through the mls and I have gotten a few deals from networking as well.  The best advice is to find an agent and also let everyone know what you are looking for .   If you do these two things you will run into more opportunities .  Obviously if the market is super competitive you will have to go down marketing, direct mail, auctions , Hud property path.  It's just depends on the market !

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Kenneth McKeown:

Bryant may I please PM you a question? Put an offer down yesterday and would love to know your thoughts. 

 Go ahead !

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277

Sorry to all ! I have been on the run for about 24 hours and wont be able to begin responding until sometime tomorrow ! Talk to you all soon !

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Thomas O'Neill:

Hey @Account Closed I am extremely new to real estate investing. Im 23 years old, working as a financial advisor with my Dad and sister. My and Dad and I have always talked about going in on a property 50/50. We are thinking of Philly area. What are your thoughts on how to get starting and get the ball rolling?

Looking for a buy and hold situation. ideally a multi-family.

Any advice would be greatly appreciated. 

You just need to know how to run numbers and then get out and look ! Honestly if you are sold on the idea and have done some research simply get out there and look at deals from the MLS! Easy way to start gaining momentum

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Tramayne Young:

Hi, everyone. I recently purchased the two books offered by BiggerPockets on rental properties. I'm going to take this on as a niche. I love my current job. But, I need to create some passive income so my family and I can live more comfortably. I want to purchase a rental property and a personal home (we currently are living in one of my parents homes) this year. I know it can be done, I just don't really know where to start. At this time we don't have any revenue saved up. We have been focusing our efforts on establishing credit (which has been going very well). Here soon I will qualify for a mortgage. Any advise?@Bryant 

 Consider finding a 2-4 unit building that could act as your home and an investment .  This would allow you to put little money down and live for cheap or free .  Then you can save your money for he next deal !

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Andres Duque:

@Account Closed Hello Bryant. I will really appreciate your advice as I have to decide in the following 2 months where to invest. I do not live in the US, I live in a small country. I have a good job and I have learned from books and videos that the best way to increase your net worth and be safe finantially is to invest from young age. 

If you lived in a market where if you find a great deal buying a house 25% off of the asking price with no need for repairs, you have the first year 0 cashflow (rent pays exactly for mortgage, insurance, vacancy, maintenance and CapEx) would you still invest in real estate in the long term so that the tenants pay for an apartment that one day will be 100% owned or would you look somewhere else to invest?

Thank you! 

 I would never invest in a 0 cash flowing house !! 

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Adrian Loredo:

Bryant Schur I'm in San Antonio Texas and I'm trying to structure my first subject to. Owner owes 75k with 5%intrest
The ARV is 140k
Rents in area are 1000-1200
He is willing to let me take over payments subject to. We just can't figure out terms of the deal. He would like a little cash down. Probably 10k
What should I do?

 I have never done a subject two deal unfortunately . I would love to do one they are very intriguing to me I just have not personally pursued it .  Due to the legal issues and knowledge needed to properly pull off a subject to I would have to direct you to other posts and find some experts on the subject .  Sorry I could not be more help ! 

Post: Looking to Help Beginners ! (Investing , Financing, Managing)

Account ClosedPosted
  • Upstate, NY
  • Posts 200
  • Votes 277
Originally posted by @Stephen Mack:

We are about to buy a new home… Considering whether or not to rent out the old home… What criteria do you use to make determination… With mortgage taxes and HOA we would profiting approx 200-500 dollars a month

 Unfortunately there is many other fees on top of just mortgage taxes and hoa fees .  Run the property through the bigger pockets buy and hold calculator to see if it will cashflow .  If it does see how much it cashflows and then decide if that's something that will be worth it to you and your family.  If you are not motivated to grow your portfolio it may just end up as a thorn in your side ! It also could be a nice little extra cash flow on the side . All depends on the numbers and you goals .

Calc is at 

https://www.biggerpockets.com/buy-and-hold-calculator