All Forum Posts by: Joe Spence

@Aaron Montague

@Aaron Montague

Great breakdown thank you.

@Max Householder That's great advice, that's our plan to have at least 3-6 months reserves of our salary apart from the reserve for investment property.

@Riley F. Thanks man, ill defiantly keep an open eye out for a deal even if its out of my immediate plan.

@Brock Siebert I like the sound of that. thanks

@Patrick Henderson I like that " transaction specialist" , thanks for the great advice.

@Joe Fairless

I would lean towards building smart and having the reserves there. I value my rest at night, great info thanks man.

@Clinton Holmes Congrats on your deal, I hope all turns out well. Thanks for your advice.

@Michael Moikeha do you have a spreadsheet you run the numbers on? or does anyone have one for that matter? If I don't have to reinvent the wheel that would be great. Thank you again!

@Scott McGill Thanks man, It sure does help to have her on board. @Sid Siddiqui So basically find people who are selling, then find people who are buying and make a fee until I build reserves/capital to start?

@Eric Black @Sid Siddiqui Thanks for the info. I am looking at saving reserves now but it may be about a year before I have the money saved up. What did you guys do before you bought your first property? Looking for practical steps here. thanks

Hey BP,

My wife and I are looking at buying our first multi family soon, either a duplex or fourplex and I’m not sure when the right time to pull the trigger is. I am not sure how much I need to have saved up in reserves, and how much to have as an emergency fund. I am going to start with being an owner occupant then branch out from there. Any advice would help, even if it has nothing to do with this question specifically. Thanks!

@Alex Johncock I am excited to see how this turns out for you.

Hey thanks guys thanks for the welcome! @Matt Inman I am looking at some areas in South City like St. Louis Hills by Francis Park and Shaw area. Are you involved in St.Louis? @Brandon Turner thanks for the article, I am going to check it today!

Hey Everyone,

My name is Joe Spence and I currently live in St.Louis, MO. I don’t really know much about real estate investing but its defiantly something I am going to pursue. I stumbled on to this site not too long ago from a YouTube video of a podcast episode which was really good; I have also come across a lot of great reads on the site. I really enjoy reading the members of BP analyzing each other’s deals, I am learning a lot. I currently rent but my goal is to buy a Multifamily (duplex or fourplex) in the next year or so and live in one of the units to start. I am looking foward to connecting with alot of you in the future.