All Forum Posts by: Joshua Shockley

@Moises R Cosme

Fannie and Freddie are very profitable. The gov has been stealing their profits and sweeping to treasury under the guise of “conservatorship”

I agree that it is not unethical. Some things that probably ARE unethical and/or illegal that you should probably keep in the forefront of your mind:

1. Don't use tax payer funded items to do your own investing (i.e. FD phone, fax, email, vehicle) or during shift any time you are engaging in that activity (basically theft)

2. Don't use your position to scare, intimidate or otherwise influence the minds of the people you are working with (abuse of power)

Now I know we see these things at the highest levels of our government but they have legal teams and power to back them. If my local FD chief was an investor and on the up and up, you bet I'd be cool with it as would most of the other citizens you serve. In fact it would be nice if local gov employees were more engaged, as they would understand the problems we as professionals face and help improve the marketplace, either through policy or procedures; making the community more successful in general.

This is not a lot of info to go on. Can you share more info? For example: What is the property (residential/mixed use)? What kind of cap rate? Why not get a traditional mortgage or commercial loan? You would be surprised how many people will write you a check right now if a deal makes sense.

I’m looking to buy a single family home I can move into and build some sweat equity then move out and rent, however nothing meets the 1% rule right now (rents for 1% of sales price) or even 0.8% that is remotely safe to move my family into. I’m starting to think we are in a bubble. 2014 -2017 price increases of 30-40% Thoughts?

Thanks!

I'll chase after you if I can make 15% coc under 100k arv

Today, people do not buy for lots of reason: 1. Responsibility of ownership 2. Flexibility of moving on a whim 3. Fear of market collapse 4. Fear of income loss I can keep going...

My partner and I are looking for a CPA in the upstate that has a wealth of knowledge when it comes to REI (specifically, corporate structures, 1031, rental property tax advice, etc). There are plenty of quality CPAs in the Greenville area but we want someone who speaks our language and knows the ins and outs.....if that makes sense?

Thanks!

-Joshua

Very helpful, thanks Brent Coombs

I am in the market for potential rentals in my area, Greenville sc. So far in my experience, whole sellers are looking for all cash buyers so my question is: If the numbers make sense, get hard money, perform rehab, get traditional financing, rent?