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All Forum Posts by: Mike Reece

Mike Reece has started 3 posts and replied 12 times.

Post: Looking at Duplex

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

thanks Michael!

I will check out that BP rental calculator! I didn't even know there was one.

Post: Looking at Duplex

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

Yeah Kysha,

I usually just search zillow and that's how I've found at least 3 properties including the home I live in. I would finagle to try to get the best deal.

Post: Looking at Duplex

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

Thanks Susan!

That was a spectacular article. Unfortunately I can't live in one side of the duplex. I'm going to keep trying though.

Post: Looking at Duplex

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

I have invested small time real estate for several years now.

 I now want to start making more money off of it.

I have found a really nice duplex for around $150,000.

I don't know if it's a good idea, a good deal, if I can get financed or anything about buying something like this.

I've spent hours listening to bigger pockets podcasts and reading forums, seeking advice and a mentor but I just haven't found the key to unlock this mystery.

I work a hard job physically and mentally demanding that I hate and I'm looking for a way out.

Can anyone give me a simple rundown on how to get started in multifamily properties or put me in contact with someone in or around Arkansas that is honest and can help? A link a book, anything will help!

Thanks and God Bless,

M. Reece

Post: Help Greatly Appreciated

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

You are right Greg!

I am going to think of a plan off of what you said.

The way I bought the houses I have is by making a steady income and investing profits.

Thank you for that advice.

I really appreciate it!

Post: Help Greatly Appreciated

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

I could probably get a loan but I don't know where to start after that.

I will checkout wholesale and try to find a local agent that may be able to help around Little Rock or even Memphis.

Thanks

Post: Help Greatly Appreciated

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

Hello,

I've been on BP awhile but felt this was the best place for this post.

I live in Russellville Arkansas.

I've got 3 properties I've bought and resold owner finance and working on number four. These were very cheap properties I paid cash for fixed up and resold.

My deal now is I want to do more in real estate, but I can't. I'm stuck. I work shutdown jobs and they have been slow. Therefore money is low. Ive tried several small businesses that have fallen through. I've been looking for another job to no avail. I want to make money in real estate. Is there anyone that can give any advice or help on what I should do? I've read forums and listened to podcast but they all seem not to apply to me or I can't understand them. I'm looking for a mentor or some solid instructions on what to do. 

Thank you in advance for all your help!

@Bill Neves

Thanks Bill,

I've weighed out my options and decided to get a job so I can get all the profit. Maybe with the turtle - slow and steady mentality one day I can get a substantial income and keep all the profit for my hard work.

I'm actually looking for land in rural areas to buy so I can put a mobile home on and resell owner finance that way. 

I appreciate your comment!

M. Reece

Post: This is my fourth flip, I guess it would be a flip?

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

@Blake Norman

Thank you for the encouragement Blake! I really appreciate you watching my video.

Post: This is my fourth flip, I guess it would be a flip?

Mike ReecePosted
  • Russellville , AR
  • Posts 12
  • Votes 0

This is a video on my mobile home and I would love any comments or advice! Thanks!  West of little Rock and north of Hot Springs AR.

https://m.youtube.com/watch?v=qzXNjVpPC5M