All Forum Posts by: Fred Stevenson

I searched BP for Matt Robinson and couldn't find him in Pensacola. Is he on BP?

Thanks Robert.  I will try and make the upcoming meeting.  Will you be there?

I'm a new investor ready to take the next step of building my network.  My goals are to seek buy and hold single family residential or multi family properties in Baton Rouge market. I'm more concerned with equity growth than cash flow right now.

Looking for recommendations regarding local real estate agent who is also an investor, handy man, property management company, title company.  Any suggestions would be appreciated.  

In addition to the bigger pockets webcast, I also frequently listen to the real estate radio guys podcast to further enhance my education. They had a show recently with a speaker from an investment firm offering opportunities to buy sections of cashflow producing agricultural land in Brazil. The arguments were made for investing in agricultural real estate, and Brazil in particular. I spoke to the company managers, and they are going to put me in touch with some of their current investors who have visited the plantation. I'm looking for some advice in terms of how to vet an foreign investment. Their proforma shows a IRR of 18% per anum over 20years. However, year 0 - 6 has 0% return, and then it escelates from their and from year 8 to year 20 the returns are in excess of 40% cash on cash per annum. I'd be happy to email the proforma's to anyone that may be able to help me vet this opportunity. Thanks.

I was also curious about vacation rental properties in the Gulfshores, Pensacola, Destin area. From the research that I've already done, I've been told that after HOA fees, insurance, property management and property taxes, it's almost impossible to find anything with positive cash flow in these areas. Does anyone have any insight or a differing opinion? thanks.

Jon,

Thanks so much for the quick answer. I'm new to the site and have lots to learn.

I just finished listening to podcast 70. I have two questions.

1) if the the original owner's lien has 20 years left on it, and the new buyer agrees to a 15 year note through me, am I going end up on the losing end from year 15 to 20 in which I'm still paying off the original lien, but I'm no longer receiving a monthly payment check from he person to whom I sold the property

2) what happens to the original owner and what happens to the person to whom I sold the property if I stop paying off the original lien? It seems to me that the original owners credit will be ruined and the bank who holds that loan will want to foreclose in the property that I no longer own. If this is true, then how do I as the middle man assure the original seller and the new buyer that they don't need to be concerned about this risk?