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All Forum Posts by: Jack May

Jack May has started 0 posts and replied 4 times.

Post: First Deal In the Books!! Thoughts??

Jack MayPosted
  • Rental Property Investor
  • Pacific NW
  • Posts 5
  • Votes 4

Boy, I would love to find a partner like your cousin. Willing to take a deal and put up cash with no cash flow and only the hope of future appreciation. 

Post: First Deal In the Books!! Thoughts??

Jack MayPosted
  • Rental Property Investor
  • Pacific NW
  • Posts 5
  • Votes 4

It sounds like an okay deal for you. You get to live there for next to nothing. But why and how does this work for your cousin/partner?

Post: Starting off at the age of 18

Jack MayPosted
  • Rental Property Investor
  • Pacific NW
  • Posts 5
  • Votes 4

Read the BP book on getting started in RE investing first. That's a good primer.

Post: ARM rates for Investment properties around 3%

Jack MayPosted
  • Rental Property Investor
  • Pacific NW
  • Posts 5
  • Votes 4

With rates at or near all-time lows, I don't see the benefit of an ARM. Low benefit and high risk!