All Forum Posts by: Isaac R.

Noted, thank you!

I have been blessed in success with SFH LTR. I'm looking at expansion.

There's some land for sale in Columbia, but I don't know where to start on evaluating my options. So far, I've tried looking at: modular homes, mobile homes, RV park, or apartment building (would probably require rezoning). No callbacks, not really getting answers to my questions.

Where do I look to fix my ignorance?

Josh-

You need to learn what you don't know. Use the Events finder to get to the closest one, and network. Dress well, don't drink, and ask for help.

If you don't have a car, start with nearby professionals: realtors, builders, general contractors, tradesmen, handymen, and hobbyists. If you work hard, you will eventually find someone who invests and might be willing to teach you a few things.

Last thing--never trust a single source.

Best of luck.

At a glance, it looks like a simple tax-program-incentivized conditional lender credit: if you don't have the down payment, then use it. If you do, then shop the note.

The odds that interest rates will ever be lower than they are right now are also very low. I would get a loan to keep for a while, since you are starting out.

Given how hungry real estate investors are in general, I'm going to pass-if it were worthwhile it would be much bigger.

As someone who plans to propose in the not too distant future: if you haven't discussed it yet, then you should get on it. Whose is whose, which is for what, goals, and division of responsibilities.

If you're going into a business marriage, then check into prenups.

If you're going into a religious marriage, then pay the bills and depend on your commitment to weather the storm.

Find a good investment-focused agent and siphon their network. Join the local groups (@Andrew Lucas) and network until your phone falls apart.

@Anthony Dooley I'm not here to bicker with you. You're right, inside your caveats and restrictions. That doesn't mean there's no money to be made as an active duty real estate investor.

@Anthony Dooley I think you are being a bit pessimistic. It is far easier today to maintain connection while deployed than it was 24 years ago, especially if @Nathan Brinker is not in a primarily underway rate. If someone waits 5-20+ years to invest, they are hitting increasingly massive opportunity costs as that period extends. While one could argue that good management is expensive, it is less expensive than not investing or most market investing.

I considered this as an option on my latest deal, but decided against it because the only substantial benefit (credit building) doesn't really apply to me anymore. The cost of the loan would have been about 13% over its lifetime, and the cash would have been reserved in sync with the principal.

In more general terms: borrowing money to borrow money, even if it's from yourself, is usually not worth the headaches.