All Forum Posts by: Craig Anderson

Come join my wife and I as we host a First Time Home Buyers Seminar NEXT TUESDAY FEB 28th in IDAHO FALLS. Also, great information for people looking for more information on our shifting market.

Great for home buyers and investors!

TIME: 6pm-7:30pm

WHERE: Title One: 1614 Elk Creek Dr, Idaho FallsFREE Dinner & Prizes. Space is limited, so RSVP today!https://www.eventbrite.com/e/f...

FREE Dinner and Prizes!

Contact me with any questions!

There's more to it than just using a Realtor for getting a contract. When buying an off market property, you should have a lawyer write you a contract. All Realtor contracts are from lawyers, and Realtors are experts in explaining these contracts. 

Also, why not use a Realtor? You can pay them as you would a wholesaler for an off market property.

*I'm not a lawyer and this is general informational purposes only, and are not legal advice. 

Like many others have stated, I would start with house hacking even if that means renting room by room.  Also, make sure to read Brandon's Book "The Ultimate Beginner's Guide To Real Estate Investing".  It sounds like you're unsure of your path, so I would highly suggest reading this book to get an understanding of various investing strategies.  Pick one or two, then focus on those with education, networking, and jumping in to see where the path takes you on your journey.  

I know I shifted a couple of times, but have now settled into our groove with STRs and Large MF.  Feel to reach out anytime with questions!

HI there, I don't live in CO.  So, unfortunately, I can't make this event. However, I love being around like minded investors.  What is your Facebook Group?  

Jason, great work! 

Hi there,  

My team is expanding through the SE. Let's connect. 

Hi there, I need some help structuring a deal and figuring out my COC. There's a property that I'm negotiating with the owner on seller financing. Here's the deal presented at the moment:

$600K purchase price, Nothing down, 4% Interest, $2800 monthly payment, 5-year balloon. How do I calculate my COC and Cash Flow with the balloon payment in place? Do I just run it like a 30 year loan on these BP calculators?

Any advice would be appreciated.  Thanks!

Hi there Victor. Like Mike stated, there are options out there to help you get started. Have you considered seller financing? Do you have money down for 5%,10% or up to 20% on a home that you would consider?  I'm wholesaling now to earn capital while I'm working my W2, and looking forward to getting out of the Rat Race.  I might be able to help ya come up with some solutions.  If you're interested PM me, and we can talk some strategies.

Quote from @Erik Johnson:

Hi BP, and thanks for a fantastic podcast and community!

I recently sold my company which gave me a lot of capital for investments. I already invest in stock market via ETFs.

However, I really love the idea of buy-to-let as an investment as it both gives yield from rental income, and hopefully appreciation. Additionally, it does not go up and down in the same way the stock market does.

However, I have very limited time. You can't be best at everything, and I would truly prefer to work on my new business instead of spending time on rental units. I realize I can't be great at everything.

I have enough cash to invest into RE that with a fairly good yield (4-5 % net) would cover all my monthly expenses.

Now is the question; how would you invest this? Would you try to find a partner, and in that case how? Would you put it all into REITs? Would you do Fundrise/Crowdstreet?

My main concern with REITs is that they still have the trading risk like the rest of the stock market.

I would probably prefer to invest one part in Fundrise/Roofstock One, and also find a partner to invest directly. I've no idea where to find partners, how to team up and what a usual partnership would look like though.

Would love to hear your thoughts and what you would do!

If I didn't have the time, but the money, then I would invest with a partner who will do all of the hustle and sweat equity.  Also, make sure that you connect with a like-minded investor.  I would look into syndications, STRs and commercial (storage units).  Let me know if you would like to talk more.

Quote from @Tyler Lingle:

Hey Craig, I know the Indy and Speedway market well. Your budget is very realistic and doable. You could score a very nice property pulling some nice rents there. I'd love to help you discuss neighborhoods and give you my overall "lay of the land" in the Indy market if you'd like. 

 Great. Thank you! Let's connect this week.