All Forum Posts by: Daniel Parrish

Is your rental located on the river? Or is it on a lake? Here in Virginia Beach I have a ton of clients that owned boat slips and rent out the boat slip for astronomical rates during the summer times some of my clients are making $2500 Per day during the summer for 50ft  yacht slips 

Honestly I would never rent a boat out that I owned too many crazies but I definitely would rent your slip

Congratulations, I love owner financing I think it’s the greatest investment tool that you can use for a investor . If you can get the seller to agree to 10% down on an owner finance matching prime rate or lower for a 10 year or more term you’ll hit a home run. 

The only thing I’ll tell you to be cautious on his pre-payment penalties and making sure that the seller is receiving your payments every month. Many owner finance agreements that I’ve worked on Have very extreme foreclosure clauses. So please make sure that the seller gets their payments. 

These are all great questions

Getting your real estate license will help you save some money procuring your investment properties so yes I think that’s a good idea to invest the 40 hours for your license 

In real estate the way to Find clientele or investment properties can be done in a multitude of different ways.

There are laws that prohibit you from going behind the sign and calling the listing agents sellers directly not to mention it’s unethical 

I think the best way to find Sellers who want to sell multi family, Duplex & investment properties Is simply by calling from the Whitepages on Properties with absentee owners or driving by.   but Never call behind the sign 

Another great way to find investment properties is with a relationship of a trusted real estate agent. There’s a lot of pitfalls in investing in real estate if you don’t know what you’re doing you can get financially upside down relatively quickly. 

My advice to you is to secure yourself with someone who works with  multi family properties to learn how they did it and who they use in your area before jumping in head first. 

Daniel 

Granite will stain  / quartz is more expensive most of the time but easier to take care of - you really can’t go wrong with either 

I believe you best bet is to save up the money at this time, 

My other thought is HELOC against the equity in your house

Best 

Daniel 

Do you currently own a property ?

How much is the property you are looking to buy ?

How much is your equity position ? 

Is it more of 10 years worth of rent? 

What is the estimated rent payment?

Nice, My wife is from Richmond. we love it up there. Text me Ill connect you with a couple of my RE friends up there! 

Hey Bigger Pockets! 

I am a experienced agent Serving Virginia Beach and Surrounding Resort Communities! We have a lot of different styles of Real Estate investments due to the strong military presence and Resort Style living, there are lots of opportunity for open minded investors!

In the comments Tell me where your from & if you have traveled to Virginia Beach!