All Forum Posts by: Kyle Giess

Hey Everyone, 

Just finished the my first zoom meeting with Pace Morby as a part of the creative finance bootcamp. 

What a great experience and so much knowledge gained. 

We covered some of the following. 

1. Creating an LLC

2. Finding your part in a partnership (value you can bring to others) 

3. How to network with other investors 

4. What people you should be working with when starting out 

and so much more!!! 

Thank yo Bigger pockets and Pace Morby for putting this together. 

Something cool about create finance is you can take advantage of properties purchases in markets easier to buy in. I'd suggest looking up Pace Morby and his book Wealth Without Cash. 

Hello everyone,

I'm Kyle Giess, a soon-to-graduate college student eager to kickstart my real estate investing journey.

For the past month, I've been closely following Pace Morby, especially since the release of his book "Wealth Without Cash." I'm particularly drawn to the concepts of Sub-To and seller finance and aspire to learn and apply these strategies in my own investments.

Recently, I came across Pace Morby's Gator Lending Training, and it caught my attention. The business model makes sense to me, and I'm considering enrolling in the paid training. Before I make a decision, I would love to hear from fellow "Gators" or anyone who has experienced the training. I'm interested in hearing about your experiences and insights.

Here are a few specific questions I have:

1.  Does the training cover the legal aspects of Gator Lending in detail? I want to learn about the paperwork, connecting with attorneys, protecting oneself in deals, and understanding any potential legal issues in my state.
2.  Does the training provide opportunities to find and pursue leads effectively?
3.  Does the training help with establishing a line of credit through a trusted company?
4. Will the training guide me through the process of setting up an LLC correctly in my state?

I would greatly appreciate any input or shared experiences from "Gators" or anyone else who has valuable insights to offer. Your feedback will be appreciated and will better help me make an informed decision about the Gator Lending Training.

Good evening Sam, I hope you are well today. 

I have briefly thought about a FHA203K. 

From my understanding, similar to a traditional FHA, I would need to occupy the property for 1 year. This is a good alternative to "house hacking" a traditional FHA load since the added value will build equity and force appreciation. Do you or anyone from the forums know if I am able to do a cash out refinance on a FHA203K?

This is a good way to get the feel of a BRRRR without having to save 20-25% for a down payment.

Thank you for the advice! 

Hello, fellow real estate enthusiasts!

First things first, let's talk about my background. I'm currently a college student at the University of Cincinnati, working hard to expand my knowledge and skill set. But that's not all—I'm also a full-time employee at Procter and Gamble, making strides in my professional career. However, I've got big dreams in the real estate realm, and I've been actively studying the market for about a year now, preparing to make some serious moves.

So, what's my game plan, you ask? Well, I've got my eyes locked on value-add opportunities in the form of single-family homes (SFH) and small multi-family properties. These properties hold immense potential for me to create value and generate solid returns. As of now, I've diligently saved nearly $15,000 specifically for my real estate investments.

Now, here's the challenge that many investors face—lending agencies for BRRRR (Buy, Rehab, Rent, Refinance, Repeat) properties often require a substantial down payment, usually ranging from 20% to 25%. It's a barrier to entry, especially for newcomers like myself. However, I'm not discouraged. I'm always on the lookout for alternative strategies to overcome this hurdle. One option that has caught my attention is the concept of house hacking. It's a compelling strategy, but due to my existing lease agreement until the end of summer 2024, I'll have to explore this avenue at a later date.

Now, let's talk about the exciting possibilities in creative financing. While I continue to accumulate capital for the traditional down payment or wait for a house hacking opportunity, I find myself considering alternative financing options such as subject-to and seller financing. I'm fully aware that my lack of experience may increase the risk associated with these deals, but I embrace the challenge and the potential for growth.

Recently, I received valuable advice that intrigued me—becoming a certified home inspector with the state of Ohio. This certification would allow me to leverage my knowledge and skills to inspect properties, not only earning profits but also gaining crucial hands-on experience. However, I want to clarify that I have no intention of transitioning into full-time home inspection since my current W2 income offers substantial earning potential.

Here's where I could really use your expertise, my fellow investors. Do you believe this aspiration is feasible for someone in my position? Should I establish an independent inspector business under an LLC structure, or would it be more prudent to seek employment with a company that can accommodate my available hours? Additionally, I'd love to hear your insights on the profitability of this venture as a side hustle and its effectiveness in providing me with the experience I seek as a beginner. Your wisdom is greatly appreciated, and I eagerly await your valuable input!