All Forum Posts by: Molly Jones

@Chris Seveney I have an IT consultancy as my main income for the last four years. I will also be back in the states soon and can apply for a loan in person for a few weeks if that works?

I have been learning a lot about investing in the U.S. but I am an American living in Thailand and actually came across an amazing deal here.

But I am short about $50,000 for it. I have a legal business in the U.S. that has been open 1.5 years and I'm wondering if anyone has any good recommendations for a personal or business loan that will give me the best rate for this purchase? 

Thanks!

Ive lived in Thailand the last four years and have an opportunity to purchase a 30 year lease on a brand new fully furnished eco 1 bedroom at a beautiful tropical location that only gets busier each year. I also love it here.

It will cost $100,000 and we will finance half with a personal loan @ 7% for 3 years.


So im putting 50,000 in cash and I expect to earn about $2,000/month. Rentals have also shot up like crazy so I anticipate much more as the years go.


I have been studying BRRRR and leveraging debt but this case is different.

Would it be in my best interest to pay back the loan asap or just make the monthly payments and start saving my extra cash for my first BRRRR in the states. What would you do and why?

Wow thanks for letting me know! As a first time investor I am quite wary of going out of state. Many of the connections I've made are here in Minnesota and I just feel a bit more comfortable starting here. 

I am very new to this, so I was floored when I found a property that had a tax increase of 165% in one year. 

https://www.zillow.com/homes/3800-36th-St-E,-Minneapolis,-MN...

Is this normal? Can anyone explain why this happens? If this is normal, how could anyone safetly invest in property?

Thanks all! I should note that I'm currently overseas so I have to rely on all things digital until I'm back in the states.

Basically I wanted to confirm that it's normal to ask these people a variety of questions in order to get all of the information I need? 

Would it be weird to create a form that people can submit their properties for me to check out that would have all of the questions that I want answered, or would they probably laugh that off and not bother wasting their time? 

Hi, 

I've joined some communities online to network and find offmarket properties but it seems like people don't have a whole lot of information about the properties. The best they give me is an address - some not even photos. 
Is there a place that I'm supposed to be looking up the details like taxes, hoa, photos, etc that is understood amongst each other? Or are these sellers just really under prepared for digital communication?

Thanks!