All Forum Posts by: Mark Severino

Hey @Account Closed went to my first CFRI meeting last night and it was pretty informative. Might want to see if they have something of worth for you as well!

@Tyler McKendry Putting all you cash into the property and leaving no cushion for unforeseen circumstances is definitely risky. What if something needs to be repaired? What if you get sued? What if someone in the family gets sick and you need the money? I am not trying to be overly cautious but utilizing all your money without a reserve or alternate methods to make income is risky, especially without prior experience in this field. I would definitely agree with investing a portion of the money and keeping 6 months living expense to the side.

Welcome to BP @Carlos Asuaje ! That is a unique situation. It seems like you are going to need to build up a great local team where you are investing. If that bonus can help fund a deal you just became a great prospect for a REI partner. Good luck!

@Levi Bennett that's pretty interesting. I'll look you up when I get back to Florida in a few weeks.

@Louis Aller HELOCs are a good vehicle to purchase another property I think you should use it to your advantage. Just make sure that since you are investing remotely you have a good team on the ground, especially property management. I don't think grandpa wants you to use his home AND give him a job to do haha.

I agree with @George Maka that Zillow can be wildly inaccurate. However, if the home is free and clear there should be a usable amount. 

Hi @Ashley Swindell welcome. I am located in Orlando as well. Welcome!

i am looking into the same thing and what I have come up with:

online - http://rowlettonlinerealestateschool.com

classroom - Bob Hogue School of Real Estate 

@Nat C. was the late payment process something that you had previously screened this PM for? If they aren't following through on your agreement then that sounds like grounds to change them out for someone else.

Hey @Justin Stamper thanks for the welcome. When I get back in Sept I would love to meet up!

I think the better question would be, "what can I do as a new investor to bring value and be worthy of the time and knowledge of someone who is more experienced?" I just started my account and already notice there is a wealth of knowledge here.