All Forum Posts by: Jonathan Newton

Hi guys. My name is Jonathan. I live in Dallas TX. Hope your Sunday is treating you well. My goal is to be an investor in rental buy-and-hold properties, and perhaps one day rehabbing properties as well. I joined BiggerPockets recently in terms of registering on the site but have been watching/listening/reading etc for a few years now. I discovered BiggerPockets on YouTube. I have been involved with real estate only in terms of reading, researching, watching, learning. Been doing all of the above EXCEPT for the take action part, for about 3-4 years now I wanna say. It’s kind of a blur. I sort of discount this somewhat since action is what obviously leads to results. Knowledge does no good without the action. And it is time to change that. Real estate is a part of my retirement strategy and something I’ve been wanting to do for...maybe 7 years. So, it’s time to take action NOW rather than later so I’m not scratching my head later down the road wondering what happened.
 My next goals as of right now is to save more so I can do more, learn how to analyze deals better then do it, how to go about offering on deals I want to close, tax strategies and advantages according to my deal types. I am also in search of networking and growing my network. I’m excited to get this going! Let’s close some deals!

I highly doubt it... for example if you were to rent the place and you own the LLC? I don’t think so. I’m sure others will chime in though.

Everyone has a different opinion of course on this...but IMO a 30 year note is always safest. You get in a bind, it doesn’t hurt nearly as bad. There are pros and cons on both sides. It’s up to you to assess the risk involved and weigh everything according to your personal situation and goals.

Also be sure to report/flag the Craigslist ad. Maybe even contact them for any further potential posts on your property to be watched by their team.

These definitely sound like the next best routes. Thanks guys for your feedback! Guess on to the savings game again haha. I’m interested in looking at other real estate avenues so I’m doing some research on other low money down options. I don’t even want to mess with wholesaling based on the oversaturation/shady profiles it comes across as. Any suggestions on other methods, please let me know! Oh and @Linda- house hacking won’t be an option unfortunately for our household.. definitely thought about it before though!

Thank you for your feedback sir! Now with 20% down as an investor - that’s only assuming the app is filled out a certain way or am I wrong? Is there a way to get around the 20%?

Hi guys. I’ve been a part of the BiggerPockets community (despite this being my first post) and have done some research for a while now. Never really had the funds to dip in and get started and soon will be able to. I just want to make sure I’m assessing the basics correctly and make sure I’m not overlooking anything. I want to get into SFH rentals and am also interested in becoming a real estate agent (we’ll save that part for later). With that being said, here’s what I know on SFH rentals that I’m going after: -$150k SFH sale price roughly @ ~3.5-4.5% interest is the goal. In my area this means approx $155-170k “price tag”. -3% down would be around $4,500 down payment -$14,000 savings for 12 months mtg pymt expense used as needed to get the ball rolling -The properties I look at probably need $2000-$4000 in renovation expense -Estimated insurance would be around $120/mo and taxes around $250/mo which is included in the monthly total I came up with: $1166 roughly. -Based in DFW TX market Any feedback on anything? Am I missing anything? My plan is to cash flow rental properties with SFH’s. I am extremely open to feedback so please feel free to jump in. Thanks