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All Forum Posts by: Darlena Jones

Darlena Jones has started 4 posts and replied 177 times.

Post: Lower Interest Rate vs. Lower Loan Amount

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

IMHO - that's the same question as "should I buy the computer today or wait until next year when the computer will be cheaper/faster?"  If you do that, you'll never actually buy that computer because we always know that tomorrow the computer will be better.  At some point, you just buy the freakin' computer, right?

Jump in and get your toes wet.  If you buy now, you'll enjoy crazy low interest rates.  Don't wait around and play the guessing game.

Post: What skills does it take to be a real estate investor?

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

I would add multiplication.

I would want him as a co-signer on the lease.

Post: CPA and Lawyer before or after first purchase?

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

Before. You'll want a lease. I would go to the local REIA meetings to find a good real estate CPA and lawyer.

Post: Anatomy of an Eviction

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

I know this has been a horrible experience but I appreciate that you documented it so well for folks like me who have yet to go through the eviction process.  Best of luck to you.

Post: Finding your starting point

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

If you google your state + "population trends" then you'll find some very interesting information published by your state legislature.   This information will include counties that are growing/declinging, net growth (those moving in less those moving out) by county, etc.  

I would investigate the counties around you to find the county that has the most population growth - that would be county to invest in.

Here's Florida stats:  http://www.edr.state.fl.us/content/presentations/population-demographics/DemographicTrends_11-6-13.pdf

Post: Starting with nothing but knowledge and motivation!

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

Have you thought about creating a REIA group? You can post here at BP for any Longview area folks, contact local real estate agent, search Craigslist for names of property managers and landlords and invite them all to a coffee at Starbucks. Someone in that group would likely know of a local private lender.

I would call a good Real Estate lawyer ASAP.

Post: Hi from the Ozarks!

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

Hi back from the Ozarks!  How long has the home bee n under contract?  It's pretty standard to take 30 days to close from signing contract to closing.  You can try calling your real estate agent or bank to speed up but, unless it's taking significantly longer than 30 days, you probably won't be able to move up closing.

Sometimes (rarely), a seller will allow the buyer to move in prior to closing.  That might be another option.

Post: Smoking weed in the house (Seattle)

Darlena JonesPosted
  • Strafford, MO
  • Posts 181
  • Votes 61

Tell them to cook pot brownies instead.  Win win.