All Forum Posts by: David Sanford

Ran into a odd situation today maybe someone can help make sense of? seller said he wants 2.5mil for a portfolio with 4.5mil debt.. huh?

I would assume being so young this means that you do not already own a house? If that is the case then use a standard FHA loan on a du/tri/quad plex and househack it. then use the rest of your cash to begin the BRRRR method.

also, it may be because I'm using the app on my phone and not a computer but it will not let me open the report.

I'm an investor in the Richmond area. if there is anything I can do to assist feel free to reach out to me!

I did not have one until I got about 6 houses in. Looking back I wish I would have gotten one from the beginning because of all the information they already knew that a new investor has to find out. If I had a mentor for my 1st 6 houses it probably would have saved me a few grand in mistakes.

@Shawn Ward what's that #4 mean in a dumned down version? lol side note, I have no luck with the banks today.

What are you doing today to better your business? I've got a list of 10 banks im calling today to try to get a line of credit on a leveraged rental property! interested to hear what others are doing!

triplex, great first start!! your friend has introduced you to an excellent tool! welcome.

you can also link the cash app to whatever bank account you want. so your quickbooks accounting shouldn't change for any reason.

I use Cash App and Zelle. I love the cash app because it tells me who sent the payment but unless you want to pay a small fee, you wont get the money until the next business day. maybe you could offer a very small discount if they pay via Cash App vs in person to keep them out of the store.