All Forum Posts by: Grant Boynton

Hey all,

I am new to investing but have a big idea (for me at least). The kind of idea that gets my blood pumping and absolutely jacked. Anyway, here it is:

There is a house in the middle of my town (3bd 2ba) attached to 5 acres of land. The price is $1.1 Million (money I definitely do not have), but I do have about $100k. My plan is to split up this 5 acre parcel into 5 separate sections of a Family Transfer so that each one of my immediate family gets a piece and we don't have to go through regular laws of subdividing, which would be even more costly. Property taxes are only about $3,000/yr which is pretty average for where I live.

I would then build a 4plex on each of the 5 sections over the next 5 years using 3.5% down. Talk about an exhausting long term plan. This would add tremendous value to this plot of land overtime and add value to the community in terms of newer places for people to live, but like I said, I only have about $100k to work with.

I am just wondering if this would be possible, if I would need to find more money, or if anyone can give me any direction into what I need to do to educate myself in this area. I am trying to think creatively here because this is a primetime location, but any advice would be helpful.

Thanks everyone,

Grant B.

Hey guys I am beginning my career in REI as well and am about to purchase my first property. If anyone is driving through Missoula anytime and wants to grab a coffee, feel free to shoot me a message.

@Brandon Turner Thank you for the response and the clarification. I think that will be good for when I am looking around potential investments. Thanks again!

@Brandon Turner Hey Brandon, in your last webinar you were saying that it was you, and either your partner, banker or realtor in a room of a potential investment property. You ran the numbers from the app on your phone and sent the information to the other parties and made an offer. I was wondering if BP has a rental property app that I don't know about.

Also, I think the webinars are great and am reading all your books because they go into great detail.

Thanks Brandon.

Thank you all for the response this is great information.

I don't know if it is just the day or if my brain stopped working but I have a quick question here. I am about to begin investing in small (2-4 unit) multifamily properties. I am about to purchase my first one and am very excited. However, I realize that to save enough money for another down payment on yet another multifamily will take some time. I have some thoughts on approaching business's or some close friends and family for cash to cover down payments but, here's my question:

How would you construct a good deal based on a buy and hold strategy? So if I raise 20K from a business or friends and family for a down payment, what could I offer in return to make it a Win Win scenario? Thanks guys.

Hey thanks. I have been on BP for a while now but was thinking of the upgrade. This helps a lot thank you.

Hey guys,

 I am a new member to BP and am thinking about committing to a Pro account. Just have a quick question about the "Marketplace Only" in key alerts.

I live in Montana and I was wondering if I upgraded to a Pro Account, and lets say I type in the keyword alert "Meet Up" or "Duplex" then click on the box that says "Marketplace Only", will that filter to where I only see people who want to meet up or are talking about duplex's in Montana or other Montana cities I choose, or will I still be alerted to members who have the same keyword alerts throughout the nation?

Thanks guys,

Grant B.