All Forum Posts by: James Moore

I am looking at bringing on an investor to help with he down payment on my first buy. How would one structure a deal with an investor? Assume the investor contribution was 10% of the purchase price how would I structure a repayment plan and what kind of gains would an investor expect in return?

12 Votes

Quote from @Jaron Walling:

@Guy Gimenez I'm seeing a lot of flipper gurus touting stuff on Instagram lately. I activity keep my social media worlds apart to limit ads. There's a ton advertising and it's so well implemented. It's unreal.

Love your profile picture by the way.

Thank you for the pic comment. Thats not gray hair in the pic, my beard froze in the first 5 minutes outside. My 10 year old daughter took that pick while we were feeding our livestock on a -40 degree fahrenheit morning in North Dakota. I miss those days.

0 Votes

Quote from @Cody Hunter:

Welcome @James Moore! From wrenches to riches...

I like that. Mind if I use it?

1 Vote

Fort Collins, Colorado

Thank you for your help. Guess I'll have to look for some investors. How would one structure a deal with an investor? Assume the investor contribution was 10% of the purchase price how would I structure a repayment plan and what kind of gains would an investor expect in return?

0 Votes

Jacksonville, Florida

I am curious if there are any lenders out there that will do 100% financing based on a properties ability to cash flow? This will be my first investment property other than my house that I couldn't sell and decided to rent out. I currently do not have extra funds for a down payment and am working my way out of debt so my DTI is a little inverted at the moment.

0 Votes

Jacksonville, Florida

He messaged me after I followed another investor. I didn't know he was charging anything at first but after a series of questions he did offer a coaching class at $900 for 3 months. I walked away. Thanks for the help.

0 Votes

Quote from @Cody Hunter:

Welcome @James Moore! From wrenches to riches...

Thank you for the welcome Cody.

0 Votes

Fort Collins, Colorado

Quote from @Jonathan Stone:

Quote from @James Moore:

My name is James Moore. My wife and I are new to the idea of real estate investing. We currently have one home in North Dakota that we rent out and are we are currently renting in Timnath, CO. We are not 100% sure what type of real estate investing we want to go with but are seriously thinking about multi family properties. We are looking for all of the education we can get because honestly we know nothing about the subject.

I am currently a mechanic and have been for almost 20 years. My wife is a corporate travel agent. We have both been wanting to spend more time with our family and not have to work so hard just to survive. Our ultimate goal is to become financially free and be able to live life on our terms.

We look forward to interacting and learning with as many experienced investors as possible.

Thanks

Congrats on joining and looking into options other than grinding out the 40/40 plan. I would suggest listening to some BP Podcasts for different stories from investors of various backgrounds and goals. Real Estate has many different options and trying to identify what works for you AND your wife is important. I also recommend "The One Thing" both the book and more specifically the free goal planning guide for couples. As you begin this journey being on the same page with your spouse to me is the number 1 thing. We are making things happen now but when I first suggested investing in real estate to my wife she wasn't that interested. As we make progress and take steps forward I realize I didn't work enough on sharing my vision and WHY with her. Hope this helps.

Thats great advise. Thank you

0 Votes

Fort Collins, Colorado

Quote from @Wale Lawal:

@James Moore Welcome to BiggerPockets you are definitely in the right place. I am not in that area, but I would still like to share my knowledge.

I would suggest looking for meetups and investment groups in your area, as these are a great way to not only learn but network as well. You can look for those by going to the BP Forums, enter the filter "Real Estate Events and Happenings" as shown in the photo below. Then you're able to put in your city or zip code and a radius that you'd like to search within.

I also advise you to interview investor agents and find one that best meets your criteria. Investor- Agents have a better understanding of profitable locations and help you understand numbers. They also have connections to contractors, lenders, and many other people that can help reach your goals.

Best of Luck!

Thank you for the advise.

0 Votes

Fort Collins, Colorado

Quote from @Andrew Syrios:

Welcome to BiggerPockets and best of luck investing!

Thank you

0 Votes

Fort Collins, Colorado

All Forum Posts by: James Moore

James Moore has started 7 posts and replied 23 times.

Post: What Questions Do You Have For Real Estate Experts?

Post: Approached by an investor

Post: New to real estate investing

Post: 100% financing based on cash flow

Post: 100% financing based on cash flow

Post: Approached by an investor

Post: New to real estate investing

Post: New to real estate investing

Post: New to real estate investing

Post: New to real estate investing