All Forum Posts by: Bryan .

Thanks Flipper, I've always been interested in REI, but only starting getting serious about 6 months ago. Read some books and did research on the web (John Reed, Schaub, Mike Butler were some that I found interesting). Because of my full time job, I can only be a part time investor. I like doing rehab, but again time is limited. I have a good friend who is a builder/remodeler who I plan to use on the bigger jobs where I don't have the time.

I did start an LLC and plan to hold my properties in it. It realize that may not be neccessary to start. I have a plan to mix a portfolio between sfh which seem to have better appreciation and a few multi-units which seem to have better cash flow. I have looked at several properties and have used a number of cash flow tools available on the web to spin the numbers. The best one I have found so far is at the link below. I still haven't found one that accounts for buying below FMV before it calculates expected appreciation.

Anyway, I plan to start cautiously, get a property or two under my belt and continue learning as I go. My name is Bryan by the way, I look forward to meeting more of you!

Wouldn't let me add the link because I'm new!

Hi everyone. Just wanted to introduce myself and says thanks for all the sharing of great information. I am venturing into REI as I think it is a good time to "buy low" and hopefully someday "sell high". I have a full time job and I am looking to use REI as a tool to supplement retirement in 10-15 years. I am trying to purchase a REO SFH that I hope to renovate and hold as a rental for the next 10 or so years ( with speculation of appreciation). I am holding out to buy it right but I may not have set my target low enough after reading some of your comments. I plan to pick up a few more properties over time. I can see that I need to learn a lot more about mining the market for some of the deals described in these forums. I can see that I will need to establish some relationships.

I have run into the same thing on a Fannie Mae property. Their "preferred" lender indicated that I could not put the property in the name of my LLC even if I sign for the loan personally. I am now working with other lenders but I am afraid the house will appraise well as it needs a lot of work (the preferred lender does not do an appraisal as a result of their assoc. with Fannie Mae). My plan is to keep the property as a rental so I may end up having to pay cash and refi after I fix it up. Any other thoughts?