All Forum Posts by: Jabari Marshall

Thanks Randy, i really appreciate it.

I have been looking into Whole life insurance and Infinite banking and it seems very appealing.  From what i hear it can be very beneficial "If" the policy is set up correctly.  Has anyone out there got any whole life policies that they have set up for the purpose of being their own bank and/or using it to fund real estate investments?  The infinite banking concept was created decades ago by a man named Nelson Nash, and since then their have been many people that have followed suit.  Let me know what your experience has been for those of you who have participated in it or maybe know someone who has.

HI BP fam, I've always dreamed of owning an apartment building.  I'm a new investor.  I currently have a duplex and have been saving my 20-25% for my next acquisition which would have most likely been a triplex or quad.  I've been going about it the safe and slow way, but I've realized in order to get what I really want(apartment building) I'm going to need a lot more money.

Ive flirted back and forth with hard money but I am reconsidering it now BUT I'm also considering a joint venture entity. The people that I know with apartment buildings have all had partners at some time or another.  I wanted to know which strategy do you guys think is my best option and whats the best and smartest way to go about attaining it?

I just moved into my duplex a year and a half ago.  I have some money saved not much, but I have excellent credit.  I was thinking about a 5-15 unit building.  Despite me only having a duplex and not having a lot of skin in the game.  I know it is achievable, I just need to know the best way to achieve it, giving my circumstances

  I currently see two on the market, both reasonably priced.  I have heard that they can be a big head ache in some respects, but I also know that they can generate big bucks as well.  If I was to get one I would definitely want to hire a property manager.  My next question is how should I go about attaining a trust worthy property manager?  Also what tips could you give me as far as keeping tabs on the property manager.  I don't want any of my potential profits being siphoned out as a result of a crooked property manager.

yes, Darryl Dahlen..I was going to use half of the money I've saved and half from a business line of credit as a possible strategy

Hi BP fam,

  I wanted to hear your idea/strategies. I realize they're several ways out there for attaining my goal of acquiring an apt building. I currently have a small duplex. I would like to get a small apt building 5-10 units.

I've thought about initially jus saving my 20% on my own for the down payment or perhaps even partnering g up. Recently I've considered using a business line of credit to assist me. What do you guys think?

@ J Beard.  I have looked into the 1031 exchange a little.  The only things is considering I just bought it last may and the flat market in my area I don't see me making much of a profit over the next 2-3 years on it.  @ Omar.  The partnership idea is a good idea.  I have a couple friends that are looking to get into real estate, the only problem is they are still in the beginning stages.

Hey guys, its been awhile since I've been on here. I've since bought my first duplex and am saving up for my next acquisition.  My question is what do you guys think would be the most efficient means to achieving my goal of having a small apartment building 10 units plus?

 I realize there are different strategies to utilize.  I was initially going to go about it the old fashion way, by just saving my own money to buy one at a time(duplex/triplex) until I amassed enough of a profit from my multi homes to go bigger.  What do you guys think, I'm all ears.  I know you guys have a wealth of experience under your hats..

Hi All, Would someone explain to me how the numbers would fit in to the 50% rule. To my understanding half of your total rent will go towards your expenses. So correct me if i'm wrong but half of my rent should pay for my.............mortgage? I'm looking at duplexes now and i'm trying to figure out which ones will meet the 50% rule but i'm not sure what numbers to plug in. I will try to give you some numbers, hopefully this will work. 1st duplex: aking 165k 2bdrm/each unit rents 775 per unit taxes 2500/yr 2car garage 2nd duplex:asking 139k 1bdrmm/each unit rents for 600/month taxes last year/1780 no garage

The realtor has not got back to me as of yet on the details in regards to roof, heater, etc. Can you help me out a little on the details of how the 50% rule works. From what i understand half of the cost of the potential rent would go towards expenses, which would be $775. What expenses should fit into that 775. I'll be manageing it and living in one unit. Would my cash flow be half of the 775? This is the part im a little confused about.

If this is not a good deal, what price would make it a good deal or how can i make it a good deal if possible