All Forum Posts by: John Weir

The quadplex also cost a lot more, sorry I left that part out. 

 Yes it is single family. I debated to tie my funds up with it or a quadplex, but the property taxes on the quad were about $4200 a year whereas this one was about $1000. Still may consider the quad if it stays on the market long enough. 

In other words you wouldn't hesitate to go on it? @Russell Brazil The numbers looked good to me and it's in a decent area. 

I have a question about financing rental property? My other three properties have all been bought with cash, and I am nervous about taking out a lot for a rental property. I have 20% down, possibly more just avoiding the PMI. What are some of you guys takes on financing rental property the property rents for about $750-$800 a month and the payments are looking to be around $300 give or take a little?

Great property, wish I lived near there I would buy it today! Best of luck with it!

Hey guys I haven't posted anything in a while, took some downtime during the holidays. However, I've had a great deal placed at my feet early in 2016. It's approx. a 220 unit storage facility with about an acre and a half of growth opportunity. The ladies husband who owned it passed away and she doesn't care to deal with the hassle of the business. She hasn't given me a set price yet but I'm figuring around 4-600k for the units and land. It's not in the greatest areas in town but still a great investment. My question is what is the best way to go about getting a commercial business loan with only putting 10-15% down? I know most I've seen require 25+%, any ideas??

Definitely start investing. I still have approx. $7k in student loans and pay for it with the income off my rentals easy since the rate is so low. I actually claim it still as well so it helps come tax season.

Welcome to BP!

Welcome to BP! We have a handful of rental properties but flipping houses is by far my favorite thing to do. Always keeps you on your toes! Best of luck!

Good luck Casey! There is a lot of opportunity out there for people our age! I recommend taking a course on property management or a real estate course if you want to get into real estate as a profession. There are a lot of experienced agents and investors that would take advantage of a young 18 year old with money.