All Forum Posts by: Luke Saglimbeni

@Armel Bayot

If numbers work and you can get properties for pennies on the dollar I’d say why not. And also ensure you have a good property manager. Good luck

@Wayne Brown

Neither. Let the tenant pay mortgage. Stock pile your cash. Wait to acquire another property when market pricing is right. Check out @Jason Hartman podcast and his ideology on debt. Interest on debt is a tax write off. Mortgage debt is good debt. Lastly even if you make extra payment and God forbid you miss a few payments the bank will still take your property even if you made the extra payments. Good luck!

@John Oh

I don’t know your personal situation but househacking if you are single or your partner agrees is a good place to start. Read the book about real estate with no or low money down by Brandon turner. Find partners, seller financing, rentals, whole sailing, etc. I always read rich dad poor dad when I need a good kick in the butt. Good luck man keep us posted

@Theresa Harris. The document at closing should have the pro rated rent amount received and or owed by seller to buyer if it was paid.

@Jessica Krueger financial freedom and social stigmas

Tax incentives to stir up a certain social action. I’m providing a place to live for a family while creating wealth for mine. Real estate is not a zero sum game. There is room for maneuvering to create the zealous win win win transaction equity holders can only dream of!? Good luck. Write your why down and put it in your wallet and look at it every day!

@Edwin Campos

1) educated myself: books podcasts and BP webinar mainly

2) set up financing and get $.

3) get my team together

4) hunt and analyze deals

5) took action and bought the right deal

Good luck. Take action but do due diligence first. Don’t get sucked into paralysis by analysis. Aka gun shy aka all talk no walk

Good luck

@Grant Doyle

Let her leave: long run least amount of headaches. If you force her to stay she may end up not paying. Can you move into her unit? IMHO it’s a blessing to start fresh. So YOU can screen the tenants and YOU can set the quality of people in your properties. Run it like a business and set the quality bar high. Other tenants will take note.... good luck

@Winnie Rim

I’m bias as $HD has made my family a lot of money. Not a contractor neither. So my vote is home depot

@Ronnie Holbert

If you make extra payments and let’s say one day you can’t make the payment; the lender can still take the property even if you made the extra payments. So set it aside or invest it in a stock fund (if you know stocks like I do) or a down payment for another property.

When market direction is heading down; I tend to de leverage. Your losses are multiplied by leverage.

When market direction is heading up use debt/leverage. Your gains are multiplied by leverage.

Hope that helps

@Sammy Lyon Nice work man and congrats.  I too, am curious on the financing of the 10 units in 10 months.  I am currently reading @Brandon Turner book how to invest in real estate with little to no money down.  I also like @Jason Hartman and @Joe Fairless podcasts too!!!!  If you are ever in the New England/NYC area I'll gladly talk real estate and grab a beer.  Best Wishes on your continued success.