All Forum Posts by: Louis W.

Had you check these out? 

1. "The Book on Investing in Real Estate with No (and Low) Money Down" by Brandon Turner
2. "The Art of Finding Deals and Flipping Properties" by J Scott
3. "The Ultimate Beginner's Guide to Real Estate Investing" by Mark Ferguson
4. "Real Estate Riches: How to Become Rich Using Your Banker's Money" by Dolf de Roos
5. "The Millionaire Real Estate Investor" by Gary Keller

In my opinion, you also need some hand on experience without taking huge risk. Try asking a local off market Realtor or flippers for mentorship and shadow them few hours a week.

There are a few ways you can find accountability partners:

1. Join a local business or entrepreneur group. Many cities have organizations that bring together business owners and entrepreneurs to network and support each other. These groups often have regular meetings where you can find accountability partners. You can start off with Toastmaster or local chamber of commerce. 

2. Consider hiring a business coach or mentor. A coach or mentor can provide accountability as well as guidance and support as you grow your business.

3. Find a accountability partner through a mutual friend or colleague. You may have friends or colleagues who are also looking for accountability partners. This can be a great way to connect with someone who you already have a relationship with.

Using the equity in your primary home to invest in a rental property can be a good way to acquire additional real estate assets. However, it's important to consider the risks as well as the potential benefits before making a decision.

One of the main risks of using home equity to invest in a rental property is that you are using your primary residence as collateral for the loan. If you are unable to make the loan payments or the value of the rental property decreases, you could potentially lose your home.

Another risk to consider is that, as a landlord, you are responsible for maintaining the property and handling any issues that may arise, such as repairs or tenant disputes. This can be time-consuming and costly.

On the other hand, using home equity to invest in a rental property can also provide a number of potential benefits. For example, it can be a relatively low-cost way to finance the purchase of a rental property, and the rental income from the property could potentially help to offset the costs of the loan. Additionally, if the value of the rental property increases, you may be able to sell it for a profit in the future.

Overall, the decision to use home equity to invest in a rental property is a personal one that depends on your financial situation and your risk tolerance. It's important to carefully weigh the potential risks and benefits before making a decision.

Bond yields and mortgage rates are generally related, but the relationship can be complex and can vary over time. In general, when bond yields rise, mortgage rates tend to also rise, because lenders will charge higher rates to compensate for the increased cost of borrowing. Conversely, when bond yields fall, mortgage rates may also fall, because lenders will be able to offer lower rates to borrowers.

However, there are other factors that can influence mortgage rates as well, such as the state of the economy, the level of inflation, and the supply and demand for mortgages. As a result, it is possible for mortgage rates to move independently of bond yields, or for the relationship between the two to be less than perfect.

Here is an old video about Bond Yield and Interest Rate.

It is possible that a landlord policy may include coverage for loss of rent due to damage to the rental property. This type of coverage, also known as "loss of use" or "business interruption" coverage, is designed to compensate the landlord for the income that is lost while the property is being repaired. However, the specifics of the coverage will depend on the policy. It is important to review the policy carefully to determine what is covered and what is excluded. If the policy does include loss of rent coverage, it is typically subject to a deductible, and there may be limits on the amount of reimbursement that is available. It is also worth noting that loss of rent coverage may not be included in all landlord policies, so it is important to check with the insurance company to confirm whether this type of coverage is included.

1. The process for buying a property directly from the seller will depend on the laws of your state and local area, as well as the specific terms of the sale. However, there are some general steps that are typically involved in the process of purchasing a property directly from the seller:
   
2. Negotiate the terms of the sale with the seller, including the purchase price and any contingencies (such as a home inspection).
3. Sign a purchase and sale agreement, which is a legally binding contract outlining the terms of the sale.
4. Obtain financing, if necessary. This may involve applying for a mortgage and going through the underwriting process.
5. Close on the sale. At the closing, you will sign the final documents and pay the purchase price, closing costs, and any other fees associated with the sale. The seller will then transfer ownership of the property to you.

Again, it is important to note that the specific steps and documentation required for buying a property directly from the seller may vary depending on the laws of your state and local area, as well as the specific terms of the sale. It is always a good idea to consult with a real estate attorney and a real estate agent to ensure that you understand the process and have all necessary paperwork in order.

It's great that you and the seller have been able to come to an agreement on the terms of the seller financing arrangement. The next steps will depend on the laws of your state, as well as any specific provisions that you and the seller have agreed to include in the contract.

Here are some general steps that are typically involved in seller financing:

1. Have the contract reviewed by a lawyer: It's a good idea to have a lawyer review the contract to ensure that it is legally enforceable and that it accurately reflects the terms of the agreement between you and the seller.
2. Get a property appraisal: In order to determine the value of the property, you may need to get a property appraisal from a licensed appraiser. This will help you and the seller determine the appropriate amount of the down payment and the overall purchase price.
3. Obtain financing: You will need to obtain financing for the portion of the purchase price that is not covered by the down payment. This can be done through a traditional lender, such as a bank or credit union, or through a private lender.
4. Close the sale: Once you have obtained financing and have met any other conditions specified in the contract, you and the seller will need to go to a title company to close the sale. The title company will handle the transfer of ownership and ensure that all necessary documents are properly recorded.

It's a good idea to involve your real estate agents in the process to ensure that everything is handled correctly and that all parties are protected. They should be able to help you navigate the steps involved in seller financing and can assist with preparing the necessary paperwork.

Currently, my brother is living in my of units of duplex rent-free in Oakland CA because he refuses to pay any rent that we initially agreed a year ago. The story behind it is complicated, I discussed that on another post if you are interested. https://www.biggerpockets.com/forums/51/topics/741921-family-property-dispute?highlight_post=4366152&page=1#p4366152

How hard it is to evict him legally in Oakland? There is no lease agreement. He just promised to pay me $1000, which he never did. He is kinda like squatter at my house now and causing trouble with neighbors. 

Thanks, everyone. I think they got no case, but I am not sure about evicting my brother yet. I got a lot of relatives in the Bay Area. If I evict my brother to the street, I will look pretty bad, but the mortgage and house insurance are coming out of my pocket with zero rent and cash flow to pay for it. 

Creeping on your wife? sound dangerous. I would spend some money to get this creep out fast. Hire eviction attorney and look for a way before this creep gets braver.