All Forum Posts by: Eunice L.

Welcome @Mason Harris! You are on the best site for RE investing:)

I started off by listening to every podcast and bought several books in the beginning out of which I recommend Brandon Turner's book on Investing in Real Estate with No and Low Money Down. Best of luck to you!

@Terry Skinner, thank you for the podcast suggestion! I did listen to it when it first came out and that was one of the reasons I started researching on the subject:)

@Jefferson Smith, thank you and I appreciate the following statement:

"Negotiating both for good results and for lasting relationships." I'm not interested in making a quick buck and screwing people over profit and damaging my relationships or my reputation. I like those types of approaches that you mentioned!

@Steve McGovern, I agree and definitely appreciate the time you put into your explanation!

@Jonathan Klemm , thank you, really appreciate it! Yes, a local one to my properties and a portfolio lender is indeed what I had chosen in the past so I guess I'm in good hands:) I see you are in Chicago - my family is in Naperville and my husband and I both went to school in Chicago so we are no doubt loyal CUBS fans! We have considered investing in Illinois and maybe even moving there. I'm just curious - do you invest around Chicago or are you looking out of state as well? I know that Illinois has high property taxes in general. I believe second next to New Jersey.

Hi, I come from a family where NOBODY invested nor talked about investing so I'm interested in this topic as I have 8 year old. I started teaching him a bit about the essentials of real estate when he was 7. Do you teach your kids about real estate? How old were they when you started teaching them? What were some ways/methods you used to educate them? Taking them on site, having them read a book, just daily conversations, certain games etc? Thank you for your input!

@Jonathan Klemm, thank you for the suggestion. I did listen to him while I was driving when it first came out but I can't recall him talking about the specific question above. Perhaps I missed it and I need to listen to it again. I'm ordering his book so hopefully the answer can be found in the book.

@Adam Roache,

I commend you for choosing to learn at such a young age! Welcome to BP:)

My son just turned 8 yesterday and I started teaching him about real estate because I think getting started early is your biggest advantage. As @Bob Langworthy  has said, the best thing to do is to educate yourself and save. Set yourself apart from most of the other teenagers and don't worry when they don't understand or support you. I recommend that you get a copy of Set For Life by Scott Trench and read it! Best of luck to you!!!

Hi BP members! I have a financing question for out of state buys. In the past I have financed with a bank not too far from my properties although not exactly in the same city. When you buy out of state, do you choose a bank that is in the state/city where YOU live or do you choose a bank that is local to your property? Any advantages or disadvantages to either? Or is this question obsolete and it really doesn't matter as long as you got a good rate and terms? In my case, I want to build a long term relationship with a bank and would love for them to meet me face to face so that is the underlying reason why I'm asking the question. Thank you!

@Jeff Greenberg, I agree and thank you for your comments! I invest out of state and the due diligence questions are absolutely crucial because I can't just drive over and check on these properties.