All Forum Posts by: Mason Haley

Awesome, thank you for the advice Logan

Hello, 

I am a new grad from dental school and love the thought of real estate as a passive income vehicle. My debt to income ratio will be low but will my current funds low. Scaling though real estate the storage space has always been appealing to me as I have seen the constant need for it throughout my life. Also, looking from the outside in, it feels more passive to me with less tenant and management headaches and something more easily able to be systematized. Are there any tips, books, courses, coach or mentors out there that can help me get into the business? 

It would be foolish of me to ask for a mentoring or coaching for nothing in return. I want to add value to you as well whether that be finding leads, partnering via debt or equity, etc. 

Thank you! 

Has anyone used rent to retirement? It seems like a very passive way to get into real estate. However, would love to hear someone's personal experience/opinion of working with them.

Thanks! 

Hello, does anyone know of a service provider that will create specific lists for small multifamily including address, name of owner, unit size, and potentially phone number as the biggest wants from the list? I am trying to create lists for small multifamily dwellings 2-32 units for a few areas where I estimate there to be about 75-100 such "dwellings" in each area. I started using propstream but found it to be extremely time consuming and my time could be spent much more effectively on other tasks. 

Maybe I am going about using propstream wrong but regardless, it is not something I enjoy doing and have the capital to pay someone else to do it.  Thus, any suggestions for services or people who could gather these lists and their price per lead? 

Thank you! 

Hello, I have been building my real estate knowledge and networking for the past year. I am graduating college and will have a high income job as a dentist with a strong debt to income ratio. However, my funds are quite low at the moment and I cannot afford a conventional mortgage for investment.  I really want to get started in real estate and want to scale quickly by finding a small multifamily and a short term in the near future. Are there any suggestions for creative financing to allow me to get started earlier? 

I have heard of vacation home as a way to get into the short term rental space? Recommendations, how does this work? 

Small Multifamily options? I have heard of seller financing which sounds wonderful but what if the seller is not open to that and it is a great deal? Debt vs. Equity partnerships?

Any Tips or suggestions are appreciated. Thank you! 

Hello, I am trying to better understand raising private money. To my understanding there is debt or equity methods and the debt method is more straightforward so let's start there. In my situation for this example I am assuming, I have a job that will enable repayment of my debt to the private money lender regardless of refinancing or income from the property. Let's say I need $50,000 to close on a $200,000 and would like to borrow $50,000 (a close friend not involved in real estate). Say that we negotiate a 9% rate paying interest only for 10 months then a ballon payment in full at the end of the 10 months.

So here are my questions with this scenario and private money in general...

1) How is this most easily accomplished a promissory note? 

2) Can you give some reasons as to why someone should do this who is not involved in real estate? (Obviously it will make them more money at a low risk...) (Is the private money lender taxed when payed?) 

3) What are some common ways to structure these deals? (average rate, are there points associated, etc.) 

4) Are there any deductions the buyer can take advantage of in this structure? (I.E. can the buyer write off the interest payments or anything along those lines?)

5) Any other advice you may have!

Thank you 

I am trying to find the most efficient way to find new deals and would like to contact the owners of some multi-families directly via mail and email. Any tips on how to get this information? I am also looking for a potential website or company that can find this information for me and help me speed up the process because thus far it is relatively time consuming locating the multifamily then finding the owners contact information, etc. Thanks!