All Forum Posts by: Kyle Guida

@nathan im already under contract for my house just waiting to close in october. ive been on my own renting for 7 years . im going to rent a room or 2 out to some buddies that i have been previosly living with . if i do it right ill have no mortgage just have to pay utilities 

thanks dawn, im trying i want to find some cheaper stuff to get started , build confidence and what not. its hard when there just saying how im gonna fail blah blah blah. this site is obviously living proof that it works if done properly 

thats what im trying to do and just move forward with it and hopefully prove them wrong . it obviosly works if done properly 

so i have 0 positive support feedback , realistically 0 positives coming from my parents regaurding me wanting to get into real estate or anything involved except buying my own house. what do i do ? its reallly getting anoying and a little downer . i know i can be successful with it but im going to have to hear all about it along the way of if i do fail ect. has anyone experienced this or over come tthis ?? i plan to flip and do buy and holds 

so i have 0 positive support feedback , realistically 0 positives coming from my parents regaurding me wanting to get into real estate or anything involved except buying my own house. what do i do ? its reallly getting anoying and a little downer . i know i can be successful with it but im going to have to hear all about it along the way of if i do fail ect. has anyone experienced this or over come tthis ??

i havent done any deals yet working on it though . just wondering if there is or anyone does any seasonal strategy? 

buying mainly going into winter when people cant sell or sell cheaper?

utilizing contractors "slow" season to get work done cheaper ?

anything like that does it work ?

just wondering about cash payments for renters. i heard about the way they can deliver the cash to the 711 etc. do you think thats an entry point for people doing illegal things to come to your building. although you should still screen tenants . is there anyway to track where the cash is coming from?? do you think this would attract that type of tenant who is possibly selling drugs or doing other illegal things?

what if I plan on going conventional ? Would I still be effected ? What would the difference from a small bank be? I'm new to this so I only know a minimal amount . I'm guessing the small banks don't have as many guidelines and can personally make decisions vs fitting in 1 set of guidelines . 

looking for some advice, got no comments on my other forum 

I am looking to get started on my real estate adventure to freedom. Im in the midst of purchasing my first home after what feels like searching forever.

a little about myself, im a self employeed(own a landscaping company). So i am not a w2 employee, so it seems im already at a disadvantage when it comes to the loan process. my credit is mid 700's and building slowly . im 24 and hoping to have 10 plus rentals by 35. What would be the best way to approach this? Not being a w2 employee my expenses are deducted out of earnings so it shows less. If i were to make a nice amount like 80k after taxes and expenses i would be taxed like crazy. With that being said im trying to reduce my taxable income using a SEP or another retirement vehicle. However if i show little earnings then im back where i started a few years ago with "you dont make enough to afford much" . what do i do? i either pay the taxes and bite the bullet or can i buy real estate through the business? Id like to do larger down payments on properties and leverage my way up . Im interested in multi unit buildings , but anything where the numbers work i dont mind looking at.

The house im mid deal now, i will be living in and renting out a room to a buddy to help off set the mortgage and what not, possibly another room as well. I want it paid off or down rather quickly (put about 35% down) . Next , if i can i would like to "house hack" a multy unit while living there.

Any input for any of these would help! thanks

@trevor ewen where do you currently live / invest now a days