All Forum Posts by: Joshua Hill

What are some good part time jobs for the afternoon/evening hours? I need a little extra flow for a short time period?

What is a usual vacancy time everyone has experienced from the time a place goes on the market to rent and the time it is occupied? I am sure the numbers vary, but what is a usual or average and what would be considered time to panic ?

where can you find REO's? Banks, mortgage brokers, etc?

Does anybody have any thoughts. I need help for my father. He has been working at a small family owned company for over 30 years. It has always been a decent job and he has been able to provide for his family over that time. However, at 54 years old now I believe he has been institutionalized and he will not leave. The past few years have been bad, his boss ( the owner ) has not given him a raise and has held back his regular paycheck on occasion. He is miserable and yet he still goes there everyday. His boss is always belittling him and threatening him. I have explained to him he is treating himself and his family shamefully by putting up with this. I dont know what to tell him as his son. I hate seeing him like this and I want him to move on. Any words of wisdom?

How do you find local REI clubs or organizations that meet regularly?

I looked at it as if it doesnt work out, I will just continue to make the mortgage payments and assumming a 5% long term appreciation, I would at least break even. How could I go wrong, give it a try. I looked at every other type of investment out there and I think the most powerful factors motivating me was the fact that the bank would loan me over 300K to purchase a piece of real estate, but wouldnt loan me 20k for anything other than that. I think that is a powerful fact people dont realize. When you look at it like that, it doesnt seem like a big risk at all, at least the best finnancial institutions in the world dont think it is, or else they wouldnt put out the money. I also think the biggest thing is not listening to negative people, (the chicken littles of the world). I believe some of the most wise people about a subject are usually the ones not openly talking about it, they would tell you if you ask, but only if you ask.

I looked at it as if it doesnt work out, I will just continue to make the mortgage payments and assumming a 5% long term appreciation, I would at least break even. How could I go wrong, give it a try. I looked at every other type of investment out there and I think the most powerful factors motivating me was the fact that the bank would loan me over 300K to purchase a piece of real estate, but wouldnt loan me 20k for anything other than that. I think that is a powerful fact people dont realize. When you look at it like that, it doesnt seem like a big risk at all, at least the best finnancial institutions in the world dont think it is, or else they wouldnt put out the money. I also think the biggest thing is not listening to negative people, (the chicken littles of the world). I believe some of the most wise people about a subject are usually the ones not openly talking about it, they would tell you if you ask, but only if you ask.

Any advice out there on the best way to pull away from the full time job and make landlording the main gig. special formulas , cash flow, separate income accounts. My biggest concern is that once I leave my full time job, I will not qualify for new mortgages based on my income. Any thoughts out there or shared experiences on how you all made the transition?

What is a hard money lender and how do they differ from standard bank mortgages in terms of rate, costs, time etc?

Thanks for the info guys. What is the best way to set up an LLC and what are the costs involved? I am sure there are initial set up costs and anual costs.