All Forum Posts by: Matthew Yeoman

Yes, his response definitely opened my eyes to a lot. I feel lucky to have gotten some great detailed responses. Definitely more to learn and talk about than I thought. 

 Very informative Bradley thank you! I did not even think about the appraisal with the lending companies and how that coincides. For some reason I thought that turnkey providers only wanted full cash investments. Do you find they offer financing themselves or do you usually use a conventional mortgage?

Thank you for all the information I am learning alot.

@Bradley Sriro Thanks for the information! I will check those out. I have heard some rumors about the quality of turnkey companies. How do you assure you are getting a good deal with them, as well as the quality? Do you see the houses yourself? Run the numbers yourself?

@Zach Lemaster Thank you for the reply. Im taking a look at your website now, you seem like you really have some great support from your current / past customers. I would love to get in touch some time and chat maybe over the phone. Your company sounds like the right fit for what I am aiming to do.

Hey Bigger Pockets fam! My names Matt and I am a 26 year old new investor. I have been doing my research, reading, and learning about different investment tactics. The main problem I have at this moment is my job. I work on a yacht, which means I am always on the clock, do not have nearly any free time to work on my business, as well as spotty wifi and cell service to manage anything. But having said that I LOVE what I do and want to keep doing it for the foreseeable future. What I am wondering is, what would be a good investing avenue to take. I have looked into Turnkey properties because of their all inclusive nature, but I wanted to know if there was anything else similar where I do not have to be present daily. If there is not anything similar, then does anyone have suggestions on reliable Turnkey properties that have proved faithful?

Thanks! All the best, Matt

@Kenneth Garrett

Awesome thank you Kenneth!

@Theresa Harris

Awesome thank you so much!

@Theresa Harris

Thanks Theresa,

Have you ever run into a problem with having too many mortgages, for instance is it common to have ten homes and be paying a mortgage through tenants on all of them?

@Kenneth Garrett

Thanks Kenneth!

So if I understand it correctly Hard / Private money is just a quick short term solution so you can make a deal faster and then sort our a bank loan later on?

While starting out in real estate, in doing my initial research and listening to the podcasts and such I hear of the hard money lending and private money as well as loans from the bank. My question is while you borrow this money for investment properties how does the re-payment work? For example, a bank loan will take 15-30 years to pay off, is that the same with private investors? I am concerned about constantly being in debt to others while investing, how do others tackle this problem?