All Forum Posts by: Joseph Watson

Little more explanation on low equity pretty houses?

I'm definitely open to other states just live in ga.

Lol it ain't stopping me brotha I'm tired of being a cog in the system! Just wanna make sure I get everything structured the smartest way I can

@Skylar Simpson just other people telling me horror stories on how tenants didnt pay or finish out leases and having issues with the legal system at that point. You cant believe alot of it bc people will tell you anything hoping you will fail or not try. I cant tell you the negativity that came my way when I started looking into real estate brotha! Apparently everyone has done real estate and been screwed every time according to them lol

Tried to search but not coming up with much on the exact topic I'm looking for. I have been thinking over lease to own and rent to own property. I wanna buy properties well under market and rent to own to people who have had credit issues or maybe other issues. Obviously picking who to sell to would be key. Anyone with alot of experience on the subject? How does it hold up as far as legality and also is there a decent market for it out there or more trouble than worth. Thanks in advance my awesome BP friends!

Maybe that could be an option haven't thought of that. Its peoples south bank in albany ha. Kind of a small town bank.

The issue I'm having is being llc'd. I cant hardly find anyone who will do over a 15 year bc I'm buying my property through my llc?

I am very excited about getting my first property. An issue I'm having while deciding however is my financing. I have a local lender loaning with a rate @5.99 and they want the property to be tenant occupied. My problem is unless the property in relatively new the longest term will be 15 years. There are alot of great properties tenant occupied in my area . The problem is the payment are in the higher range causing the roi and cash flow to come in low based on the length I can finance. Anyone ran into this and any advice on moving forward? Things to consider and look into? Thank in advance for any help and for reading.

That actually makes alot ot sense. Thanks for the input