All Forum Posts by: Mark Feaver

You answered some of questions here that I wrote you about.  Are you wanting to buy and hold?  or flip?  Have you read either The Book On Flipping Houses or The Book On Rental Property Investing.  These books answer a lot of these questions you have.  But at some point, you just gotta do it.  Assuming the numbers work out in your analysis.  One idea I have learned to accept is that we will never know everything there is to know about real estate investing.  We will screw it up and we will make mistakes (learning opportunities).  The important thing is you recognize where you go wrong and avoid making the same mistake.

@Arvi Carkanji, @Dennis M. and @Bryan O. Thank you all for the responses.  They were incredibly helpful and insightful into how I will go about it when acquiring my first property.  

Never having done this before, I am not entirely sure what to do.  I have considered sitting down with each tenant and having a brief conversation with them and getting a feel for their personality and "tenant ethics".  Please provide any feedback!  Thank you. 

Thank you for the response! I will do some research into an LLC.

I will keep this short and to the point and lay out all information that may (or may not be) relevant.  I am looking to invest in a fix in flip in northern California.  I am wondering what the best route for financing may be, given the information below.

Income: $2,500/month

Debt: $0

I currently have about $10,000 for an investment property with two other partners who have $20,000 and $10,000 bringing us to $40,000 TOTAL

In my other accounts (retirement, savings, emergency, etc.) I have a total of $40,000 (don't want to put toward a property)

I am currently adding an additional $800-$1000/month to my property investment fund to put toward a property.

I believe my potential options may be:

Hard money lender

Portfolio/Investor loan

Private lender

Seller financing

I thank you in advance for your responses.