All Forum Posts by: Grant Hilliard

Hello everyone! My 2nd post here.

I made a Switch from selling cars to start working with home-owners affected by hurricane ida with their roof repairs and replacements.

I'm very happy I made this switch 2 weeks ago  because I knew it would help me learn more about real estate , Sales, Home-owners, home insurance, etc. and it would get me closer to my end goal of purchasing apartment buildings and large multi-family properties.

 I'm in a good spot now to find wholesale deals because a lot of what roofing  prospecting is similar " Driving for dollars"

So...After doing some digging I am seeing that a big thing is that I need buyers lined up so i want to connect with people interested in buying property around the area. Hammond/ Covington / Mandeville/ bush/ Denham springs/ walker.

Ideally connecting with buyers will give me a better idea of what kind of deal to look out for.

P.S I Plan buy a Quadraplex in a  year and live in it as my first investment.

So its also important to me to make sure i can analysis a deal for cashflow. 

Any resources that are recommended or advice is appreciated.

Thank you.!

Thank you for all the feedback

Thank you! Im going to research more  about underwriting!

Hello,

My name is Grant Hilliard, I'm 24 years old and I currently work  in Sales on commission. I hear you have to wait 2 years on a comission job finance real estate. I live in Baton Rouge, the Capitol of Louisiana and my idea was to purchase a 4-plex  that I can have some cashflow and live for free. Apart from  analyzing a deal and making sure that  it will cashflow before i buy it. I'm trying to get the bigger picture in my head as to what the next move is after i get the property rented out and cash flowing. Here are some of my questions.

1. Do Banks and lenders look  at cashflow from properties as "income" that you can use to apply for more house loans.

2.How can you finance properties without income from a  job.

3. Is it smarter to do a 1049 exchange into a higher cash flowing properties instead of searching to add another multifamily property.

4.Whats your advice for me to ensure my success in real estate investing??! I'm Currently making  on average 7000 gross monthly income and plan to put 30,000 down. Right now i'm looking at properties that at around 300-400k.

Trying to get my mindset in the right place so i can succeed to in real estate investing!

Any feedback appreciated it!