All Forum Posts by: Joshua Davies

Alexander Parada I see you are also in SoCal.. I would love to connect and hear more about how you got started.. Maybe we could get together for a coffee one day.. let's connect!

I am a former British Royal Marines Commando and Semi-Professional soccer player. Unfortunately injury struck a number of times, so I decided to go get my BSc in Real Estate and Business. I taught Physical Education at a high school in the U.K. For a while, and now live in SoCal and manage commercial real estate for a multi-national company. I hope to start my investing journey within the next 12 months!

First off, a massive congratulations Alexander Parada on all of your successes so far, awesome! I would definitely have to agree with the buying more properties option.. not necessarily spend all 300k on properties but possibly 200-250k and keep a bit in reserve for any problems that may arise along the way. With that being said, I am unsure of your current cash reserve so it's hard to comment. But for sure buy more properties! Congrats mate!

Thanks for your input guys. What about in terms of financing a down payment or part there of?

Hi Guys, I have a question (maybe a silly question) regarding using a private money lender to start investing in rental properties. I'm relatively new to the REI world but have been involved in real estate for a while, through studying my BSc in Real Estate and working the commercial world after. I know a guy in the UK, where I am from, who is in a position to be a private lender and I am hoping to purchase my first rental property within the next 12-18 months. My question is: How would a private money deal structure look for a rental property? I understand exactly how this would work for a flip/rehab but as the property is not being sold afterwards, how would the lender get the return he would be looking for? I know a lot of people on here, and especially the people on the BP Podcasts that I have listened to use private money, but I don't understand how a private money deal can be beneficial to both parties when it comes to investing in rental properties. If anybody could provide me with some info as to how this would work and provide me with a example deal structure that would be much appreciated. Many Thanks, Josh

Hi Guys, Is there anybody on here or does anybody know of a really good, reliable property manager in the Oceanside/Carlsbad, CA area? I currently have a beach vacation rental in Oceanside, CA and not happy with the current property manager. Please let me know if you know of anyone! Thanks guys, Josh

Hi Michael Varney , I think it's great that you are getting started in REI. If it is a question of having sufficient funds for a rental property, have you considered a conventional mortgage? I'm not sure of prices in your area but with the Median American home price being around $188,000, a rental property may be affordable (20% down). On the other hand, the way that I would personally go, is to try and find a private money lender in your area (possibly an investor not involved in real estate and looking for a better return on their investments) and then look into flipping 1-2 houses until you have enough cash for a down payment on a rental property, and then repeat the process. In a few years you will have a cash flow sufficient to purchase a rental each year! Please feel free to PM me and we can chat further! Josh

Hi James! Sounds great! Have you found any potential deals yet? A multi-family live-in property sounds like it would be a great for you given your age and experience. Have you thought about flips also, or just interested in buy and hold properties?

Thank you everybody for all of your help and information! I think I have reached out to everybody via PM, but if I have missed anybody please reach out.. I would love to chat with you!

Thank you everybody for all of your help and information! I think I have reached out to everybody via PM, but if I have missed anybody please reach out.. I would love to chat with you!