All Forum Posts by: Jake Lefort

Seeking some advise about to close a deal on a duplex and a single family home both owner carry...Any recommendations on the best way to draw or write the contract? Should I seek a real estate attorney? Or do it myself and take it to a title company...? Thanks!

@Anthony Wick

Perfect thanks Anthony!

@Steven Wilson

What can’t you get a loan?

And thanks for advice!!

Thoughts on early partnerships? Currently looking into a partnership with 2 others....

We are each considering a cash flowing asset (1k a month) and 50k each. Looking to scale at a steady and pace and or bigger deals..

Thanks!!

@Sergey Tkachev

Thank you Sergey! Wife and I had a long talk this evening...

I signed up for the upcoming zoom meeting on Nov. 2nd... I want to just listen, here stories and take some notes if that’s ok?

@Cory Cox

Cory** :)

@Cory Cox

Thank you Cort

Hello,

I’m putting myself out here because well...I have nothing to lose. My name is Jake I am from Northern California. I am a full time father of 3 beautiful kids, husband of 10 years and full time firefighter. I’m trying to balance my work start investing into rental properties and maintain more than a presence with my family. First off any tips for that? Do I seek a property management company? Or do I do it myself? How do I get my spouse on my same wave length?

When I say I have nothing to lose I truly don't... I was recently just gifted someone's debt (good debt)... I received one lot with 2 homes that yield around 2k a month. I have close to 100k in equity my plan is to cash out refi and use equity to purchase a duplex or two...attempt my first BRRR...(fingers crossed) and repeat! How much cash do I take out? Should I stick to 20% down and save some for repairs on my first purchase? Do I wait for the market to change?

I have no idea what I’m doing and I am scared ****less... but I’m going with gut and I’m going to figure it out...

I appreciate reading the feeds here and enjoy seeing everyone’s positive vibes and wealth of knowledge... please share with this “newbie”

Thanks!