All Forum Posts by: John Thies

First thank you all for the advise sorry took so long to respond didn't realize I double posted and I have been crazy busy! Life!!!! Anyways. Thanks you. I think it does make best sense to use money to flip. I bring lots of labor skills to the table and he obviously brings the $. We are both looking for the same things as far as future goals. I don't have a lot of cash to put down but do have good equity in my house the wife would allow to get a loan on if needed. I do love that podcast 1 it's great! Got lots of tips! Will keep intouch with more questions!

Question: I have a very wealthy acquaintance who has let me know that he is willing to partner with me on Realestate Investing. We are looking at B&H to rent. Unless we get the deal that we can flip and make a good margin. He doesn't want much to do with it except make some money at a good IR. How would I go about handling a deal like this. What's a good percent to offer return? How does he get his return if we are renting and expect $100/door? Do we split that income? Please advise. -Thanks

Question: I have a very wealthy acquaintance who has let me know that he is willing to partner with me on Realestate Investing. We are looking at B&H to rent. Unless we get the deal that we can flip and make a good margin. He doesn't want much to do with it except make some money at a good IR. How would I go about handling a deal like this. What's a good percent to offer return? How does he get his return if we are renting and expect $100/door? Do we split that income? Please advise. -Thanks

I lived in Columbia, MO for 7 years while I attended school it is a very fast growing community that just shortly ago reached over 100k population. Great place.

Hey y'all thanks! I'm looking to get in as an investor. But I'm looking for some people who are familiar with the area to discuss if B&H or flipping would be best option for my areas of focus. Ill check out those sites first thing.

Welcome to BP from STL MO!

Hey new looking to meet the Real estate market in or around St. Louis. I'm not originally from here and this being the biggest small town in the US I'm needing some help getting to those connections.

on the assessment and tax portion of the comp for 2012 the market value improved is 65,000. As far as total cost of repair. That is unknown right now. If this progresses we are going to have property inspected before we close even though we are planning on buying as is. I am extremely handy and plan on doing all repairs except electric or foundation if those were to be needed.

I talked to a mortgage lender today and he suggested tht we do a HELOC on our personal property from a credit union.

Needing advice: I am a newbie and have some questions. Please advice. I have, I believe an opportunity to make a move into my Realestate Investing! I have come across a random fried of the family whose in dier straights and looking to off her house for a good deal. $15000. Comps show will need a little fixing up but could go in the 65-80 range. My initial thought were to B&H and rent but would I be smart to entertain idea of fix and flip make some $$$ and reinvest? My long term REI goal is to build slow and steady my porfolio so in 20yrs my current income is coming in passively! Again I'm a newbie and still working specifics out but feel like get very very specific might pigeon hole me but ya get the point I hope.

This house is not on market yet but they are very very much so entertaining the idea. My question is should they choose to except the $15000 which is looking 70%possible guessing what needs or should happen beforeoffer is finalized? Does this have to be posted on the market or is there a way to keep it off the market? Other than conventional loan orther options are? I have good equity in my personal property??? Please help I'm very interested to learn more. If needing more specifics please let me know

Comment · less than a minute ago

what's up John. Welcome to BP!