All Forum Posts by: Cody W.

@Dustin Beam What is the consequence to the seller in the case of failed financing? Would it just be time lost?

@Bill Regan Thanks for the reply, Bill. Makes much more sense now.

I've just listened to podcast 283 with Paul Thompson and he mentioned a scenario where he offered somewhere around 70% of listing price in cash to the seller because they wanted to buy an RV and travel the world. 

What is the benefit of this deal to the seller? I feel like if you could just wait a few weeks for the deal to go through the traditional financing route you'd end up much better. Is the convenience of a faster deal worth several tens of thousands?

@Markian Sich I hope it doesn't sound too lofty! Right now I'm looking to use own money and private lending. I'm open to partners as well. Syndication seems a bit mysterious and advanced for me. I feel like maybe I should get my feet underneath me before I go for something like that.

I'd be interested in hearing more about Active Duty Passive Income by the way!

@Allan Bishop Jr. Thanks for the reply!

Let me poll you real fast: Harker Heights, Copperas Cove, or Killeen? 

I appreciate the help. 

I'm Cody from West Palm Beach, Florida. I was an Army brat, and my family moved around growing up. My wife, Carrie, and I are high school sweethearts. We got married after I graduated from the United States Military Academy at West Point, NY. I'm currently a Captain in the U.S. Army and a Black Hawk helicopter pilot.

I'll be moving to Fort Hood this month and am looking forward to the prospect of establishing a real estate portfolio during my time there. In the meantime, I'm consuming as much Bigger Pockets books/podcasts/webinars as possible!

My goal right now is to invest in MFHs to generate passive income that matches my military salary within 3 years.