All Forum Posts by: Mike Hoskins

I seem to have similar experiences with REAs here in central Florida.

@Anton Ivanov thank you for the assistance

@Patrick O'Sullivan my goal is a 4plex house hack utilizing my va loan then building on that. My wife and I are following BP @Brandon Turners plan 7years to 7figures. Let's get together and get started. You can call me anytime. 

@Scott Harper I'd be interested in a referral to your buyers agent. I'm trying to find someone in the New Smyrna Beach area and not a lot of motivated REAs here.

I'm looking for a REA in New Smyrna Beach or Edgewater FL. Does anyone have any suggestions? I prefer someone that is familiar with BP as I am an aspiring investor looking to purchase several Multi family units over the next few years utilizing the strategies shared on BP.

Thanks in advance for your help.

I'm analyzing a house with a triplex on the same property. I want to use my VA loan to purchase which means I will need to reside in the house and I can rent out the three units in the back. In the rental calculator would I include the rent the house is bringing in or, since I will be residing in the house, would I leave that rent out of the equation for the proper analysis? Thanks in advance for the assistance.

@Royce Talbo Very creative. another option to run by them.Thank you

Jay Hinrichs Caleb Heimsoth maybe downsizing would be a good option. Appreciation over 5 years has been great. Maybe they could sell and buy a turnkey multi family and that could give the the income they desire. My wife and I could help with any maintenance that arises so they don't have that burden. I do property maintenance on the side as it is so nothing I'm not used to. Great feedback from both of you. And I didn't take it personally Jay. I want to make sure I do right by them. Excellent people. I lucked out getting them as family. I'd rather you be frank with me than the flip side and sugar coat or try to scam us. I am new here which is why I asked rather than try to find someone to just outright give us money and something go horribly wrong and ruin a good relationship. I truly appreciate it.

Jay Hinrichs They approached my wife and I. They're afraid right now as their savings is dwindling. They have enough to get through a couple more years then they don't know what they'll do. They were only able to buy it cash because of an inheritance. What you said does concern me though. I wouldn't forgive myself if something happened and they lost it. Thanks for the feedback.

My in laws have a home in Edgewater, FL valued at approx $185,000 with no mortgage(they paid cash 5 years ago). They'd like to leverage the home to help put money in the bank and to help my wife and I find a couple of deals which they know will help them with passive income also. They applied for a HELOC through Wells Fargo but were denied because thier only source of income is social security retirement and a little (about $60,000) in savings. Does anyone know how we can creatively leverage the equity in thier house so we can start a couple BRRRR deals and start income for them as well as my wife and I? Thank you in advance.

Mike