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All Forum Posts by: Jenna Sutherlin

Jenna Sutherlin has started 0 posts and replied 15 times.

I prefer to use agents that also invest in real estate so they have more of a personal understanding of what I aim to accomplish, as they are also doing that themselves. This has helped with communication of desired outcome for all parties involved.  

Post: Need a Creative Lender or Investor

Jenna SutherlinPosted
  • Posts 18
  • Votes 7

What type of funding are you looking for AKA what market?

Quote from @John Fierke:

Son has ZERO active Credit History!

Our son Travis is 28, finishing up his degree, living at home paying enough rent to have his skin in the game, and working part time.  We have been helping him understand the power and benefit of owning real estate and have been encouraging him to find a duplex.  A few have come up and we actually met with and agent and walked one.  The issue is he has ZERO active credit history.  He's had 2 cars (one got totaled years ago) and he paid off his current car last year.  I told him to get a credit card - they turned him down for no credit.  Does he have to go the secured card route?  Also, what else can he do?  I really want him to have the option of jumping on something if a great deal pops up.  We have investment money that we could use to help but would prefer to keep that minimal if possible.

We live in Columbia, MO and there are 3 college campuses here with several renowned graduate programs so we feel like the rental opportunities would be strong.

What can he do?


 Pace answers this exact question (no credit! no money down!) with an example in his podcast on Real Estate Rookie (a BP podcast as well). Very informative! It's recent.

@Luka Milicevic Do you have a PM recommendation for Columbia?

I am closing on a property in Columbia. Mind sharing here or in a DM which ones you weren't impressed with? Duck Realty was just suggested and I am looking to interview more this week. Thanks! 

Post: The best way to save money?

Jenna SutherlinPosted
  • Posts 18
  • Votes 7

1. Meal prep at home for the week. In the time it takes to drive/ walk to restaurants multiple times a day, you can grocery shop and meal prep for a fraction of the cost of eating out. It is healthier, too. 

2. Run errands in a loop or schedule them on the way home from work. With gas even more expensive than a pound of beef, this helps cut down on both gas, time used, and wear and tear on your vehicle. It adds up over time, especially if you live on the coasts.
 

Seal Beach is not in a gentrifying stage. Homes are much smaller than HB. Oceanside would be a great bet. Gentrification has already begun there.

Hey, Ryan! This is cool! Good for you!! 

I don't have all the steps memorized but I've heard from seasoned investors that you can 1031 your primary residence after going through some hoops to not make it your primary residence... ie: move out and rent it out. It takes a bit of time but might end up being the best of both worlds (save money and make money).

I'm in Southern California and we keep waiting for the "bubble" to lose someair, and yet the prices keep climbing steadily and intensely.  

Hi Kara! I like the idea of marketing/ renting the property at +$80 with the phrase "trash and access to community amenities included." Only thing I can think of as a problem, though, is if the tenant has to pay an additional fee per fob card to enter each area (beginning to be more common to charge for HOA maintenance fee and fob card fee). Then, you'd have to change the marketing phrasing. ;)

This is fantastic. Nuggets of wisdom all over this post!! So happy for you and for your family!