All Forum Posts by: Colt Price

Hi BP! I have a little bit of a choice personal problem. I grew up in a remote part of TX surrounded by acres and acres of land. It's been cut up, sold off and dispersed through the generations but our little piece is still where I like to call home. There are some houses around that I would like to get a hold of one day though it may be hard with as expensive as everything is getting. But there is also just some raw land available now and probably more will come available. With a little bit of investing, rentals and knowledge under my belt I may be able to do something with the surrounding houses one day but how can I make the land pay for itself? There is 10 acres of raw land for sale close by right now and I would love to own it, just to have it, control it, do what I want with it and pass it down to the family. It's expensive and I'm not a rich man. I know I'm probably swinging for the fences but How can I buy it and make it pay for itself? Any land gurus out there? Thanks in advance!

They gave us a good offer on our home. But it will be a wrap and we won’t get paid until they sell it. Once we move out, they will cover mortgage, taxes, insurance, closing costs, fees, repairs, maintenance, etc. until it’s sold… I guess, thoughts?

We're selling our home. Anybody have experience with Boyce Agency LLC and a wrap around mortgage? Thanks is advance!

Hi BP, I've got a personal question. My folks are giving us(my family) their big house in exchange for us building them a small living quarters. It'll cost $100k+/- to build. We have that saved in cash. Do we pay for it and be "debt free" or take out loan and buy rental properties to cover our payment with that money? I'm a rookie investor with 1 local SFR now. As you know, interest rates are crazy. I've looked at some turnkey rental companies to buy from. I'm just trying to figure out what's best wealth building for my family. Thanks in advance!