All Forum Posts by: Jimmy Holman

@Logan Wilson Welcome! I'm a newbie as well, in Murfreesboro, and would love to connect sometime. 

Troy Southerland I agree, and thanks for the resources!

Ian Ippolito I don't have any concrete plans for it, but 3 years is definitely too long to keep it tied up. Since it's such a small amount, it's looking like my only options are to hold on to it, or lend it to a partner for a flip. Both of which are fine, I just thought I'd ask BP and see if there were some outside the box ideas that I hadn't considered.

Not sure if this is right forum, but here it is. If you had 3-10k that you know you're not going to personally use for the next 6 months, what are the best ways to grow that money with real estate? 

Obviously partnering with someone that flips houses and needs help with a down payment would be the first choice, but what about lending it out through a RE crowdfunding site? Or just putting it in a great REIT?

I don't want it just sitting there while I educate myself on REI, so what do you guys think?

Just getting started with all this. Purchased BP's house-flipping book today. 

While I'm learning, I'd like to barter my skills for your knowledge/advice with anyone in Murfreesboro that's interested. 

My skills are pretty much anything related to Online. Such as, Web design, Social Media Marketing, SEO, iPhone Apps, etc...

I'm also currently a stay-at-home dad, with a lot of freedom in my schedule, if any more experienced investors need someone to help comb through online listings, drive around neighborhoods, or screen calls, I would gladly help you out in exchange for guidance.

@Anthony Stephenson Thanks!

@Anthony Stephenson, By talk to the codes dept, do you mean I need to get an inspector to come look at the property? Or can they tell me what I need to know there in the office? Sorry for the newbie question. 

In August 2015 my wife and I purchased our home here in Murfreesboro with a FHA/THDA loan. The property is 1/2 acre, with 1/4 being an empty corner lot. My original plan was to build a duplex on the empty lot to rent, but due to our current financial situation, I'm thinking we would be better off to just split the property up and sell it.

My question is, is this even possible without refinancing? Because to my knowledge, our types of loans don't allow for renting or selling without a penalty. 

I'm a complete newbie in the real estate world, so any advice is appreciated.