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All Forum Posts by: Justin Turner

Justin Turner has started 4 posts and replied 5 times.

Post: Best books on small Multifamily investing?

Justin TurnerPosted
  • Texarkana, TX
  • Posts 5
  • Votes 0
Best book recommendations Thanks in advance! Justin.

Post: How would you structure this deal?

Justin TurnerPosted
  • Texarkana, TX
  • Posts 5
  • Votes 0
Okay, let say hypothetically speaking. I have 100k in cash. Good credit, and bank relationship. •How would you guys suggest to structure this deal? •Seller is offering 1/2 owner financing. On 1,700,000 $ property. •Let's say each unit rents for $600. Just for fun. •this is The actual property on LoopNet in my local area. TAKE A LOOK. http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=18498810
Is a rough estimate rehab around 28$ sqft? My buddy's a master plumber and general contractor. We were going to partner on this house. I put up money and he oversees project. What do you think. S http://www.zillow.com/savedhomes/for_sale/2099212837_zpid/any_days/1_pnd/34.879171,-91.719361,31.954492,-96.481934_rect/7_zm/1_rs/1_fr/?3col=true

Post: What do you guys think?

Justin TurnerPosted
  • Texarkana, TX
  • Posts 5
  • Votes 0
Thank you every one for replying. A lot of helpful advice.

Post: What do you guys think?

Justin TurnerPosted
  • Texarkana, TX
  • Posts 5
  • Votes 0
I'll be blunt and simple. I'm 22 years old. I have had same job now for roughly 2 years. My average annual income is $35,000 w2. I work with timber with my dad on the side which in 2014 brought in a extra $42,000. But 2015 only extra 4,000. So it's not very consistent. I want to buy rental properties. I'm a great saver. 25,000 yearly savings. Living with parents. With my 680 credit score and 35,000 yearly income. No debt. And 30,000 savings. Not including 401k which is not very big. I have been listening to BP podcast for over 2 years now. Thanks in advance.