All Forum Posts by: JC Leach

@Matt Leber that’s a fantastic idea. I thought about doing one for the purchase but it hadn’t occurred to me to have one as a rainy day fund for emergencies. I’ll look into that today! Thank you!

@Dimitri Paspalaris

You’re absolutely right. I’m just stuck on the saying “don’t say you can’t afford it”. Say “how can I afford it”. So it looks like I’ll need to find a partner in crime!

@Jonathan Greene all cap ex were recently replaced minus the roof which is one of the things I intend to go look at with the inspector. 6 months would be cutting it close for my reserves so I’ll have to take that into consideration. Thank you!

@Andrew Syrios

That thought definitely crossed my mind and is becoming more of a possibility!

Thanks!

@Pat L. That’s solid and I hadn’t looked into that! I’ll be on site for the inspection so I’m assuming the inspector would know local codes? I’ll research that ASAP.

@Theresa Harris

the area is out of state. It’s a solid deal but I’ve seen a few recently so I wouldn’t be too upset to let it go. I will get the deposits if closing. I will likely only pass if inspection doesn’t go as planned. Thanks for the advice!

I have an offer accepted on a 4plex. It will cash flow upon the sale. I have a contingency in place for the inspection since it's out of state. My only concern is the down payment and closing costs will essentially wipe out my savings. Is it worth locking the deal down? I've had trouble figuring out creative financing for a buy and hold properties. Seems easier to make sense with BRRRR's and flips. Any advice? Thanks y'all!

Hey y’all. Out of state investor here. I’ll be heading out there in a couple weeks to line up an investment and was hoping to get same names of handymen in the area to help with upkeep. Feel free to DM some contacts if you have them.

@Kim Martin I have been wanting to try using a heloc lately. Thanks!

Some of the best deals I’ve see have been found at auctions however, without the cash, how does one get the finances to buying at auctions? Would private And hard money loans be the only way?