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All Forum Posts by: Dan Grodnik

Dan Grodnik has started 2 posts and replied 4 times.

Creative Real Estate Financing

Post: buying a single family residence with secured partner/tenant

Dan GrodnikPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0

The house needs work. This could possibly be a flip. I might consider living in the house and paying the monthly nut while we're making upgrades. 

0 Votes
Creative Real Estate Financing

Post: buying a single family residence with secured partner/tenant

Dan GrodnikPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0

I currently lease a home I have been in for almost 4 years and pay over $5000 a month. The owner needs to sell. I would like to buy the house but don't have the downpayment. I will pay 100% of the bank note on the property after purchase. Is there anyone/company who would be interested in putting up the downpayment and have a secured partner/tenant?  Dan

0 Votes
Starting Out

Post: Multi-family question -- Small or Big to begin --

Dan GrodnikPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0

Thank you Marshall for your grounded and insightful response to my question. I really appreciate your taking the time to explain your reasoning and, more importantly, I'm going to follow your advice.

0 Votes
Starting Out

Post: Multi-family question -- Small or Big to begin --

Dan GrodnikPosted
  • Sherman Oaks, CA
  • Posts 5
  • Votes 0

As a first time investor, I've read a couple of books Turner recommended. Author Loftis says I should invest in duplexes, trips and quads. Ken McElroy says I should set my sights higher from the beginning. I'd appreciate a few suggestions as to which way to begin.

Thanks,

Dan

0 Votes