All Forum Posts by: Forrest Holt

Im currently learning about multifamily investing myself. I can mention a few books for you to check out if you have a few days to study.  It may be difficult to find someone come in here to answer every question directly.

Multifamily Millions by David Lindahl would answer 2 or 3 of these questions for you. 

I’m also reading Crushing It by David Murray which is a good read so far. 

@James English

@John Kim Maybe try negotiating the costs deferred maintenance into the contract instead of asking for a lower sale price. 

Thanks @Don Konipol. I’ve been reading a lot of information but I definitely need to start looking into finance in relation real estate. Thanks for taking time to answer this question.

I’ve been been listening podcasts as a tool to help learn a lot of this material. On more than one discussion I’ve heard guests talk about having an exit strategy in the event things don’t work out. This idea initially seemed simple but the only thing that comes to mind is sell.

Can anyone give an example of a successful way the utilized an exit strategy? 

@Thomas S. that’s a good point. It’s not something you want to here but it really seems necessary.

@Jonathan R. @Andrew B. Thanks guys helps a ton

@Cara Lonsdale thanks for the response! My wife is the excel pro, I’ll have to sit down with her and work this out.

@Thomas S. still figuring out how to navigate app

@Thomas S Thanks for your response. I understand what you’re saying but I’m not trying to use rental properties as a means to pay off the debt. We are looking to buy a house and was offered to buy a relative (grandmother) house so she can downsize on the same property. When she passes I would acquire both homes. It just seemed like a good way to get my foot in the door since we were already looking at buying a home.

I’ve Been very fortunate this past year and landed a job that allows me to live a more comfortable life financially than I’m used to. I have a family situation that will allow  for a live and flip and ultimately allow for 3 different rental properties (I’m going to expand on this in a different thread). 

I’ve acquired about 60k worth of Government subsidized loans while in college. My family lives below our means but I don’t make so much that I could just pay off these loans in 3-5 years. I’m wondering if these should be paid off before I begin investing or just keep paying them over time?  I understand the obvious benefits of being debt free but are their any advantages?

Sorry about the formatting currently on mobile.