All Forum Posts by: Nathan Bell

Add insulation, replace furnace.

Spreading from my experience with habitat and seeing them very active in the area I shop I would say that yes it helps to have Habitat houses close by. They are new house with people who want to be there and it's a large group putting money Into that area. They are owners not renters. So I would say it helps the micro neighborhood. Where habitat goes I usually follow.

Looks like a good deal to me. Depending on the area of course. If there is a whole block full of these then you may want to check it out more. Also go drive by at night . If the neighborhood seams good I would pick it up. Watch out for HOAs.

i think that is what mean .  My idea is to use hard money for a deal to buy a house from a bank who is asking for cash only buyer. I guess because they don't want to deal with inspections for a regular mortgage. So after I buy it and update it to be able to pass inspections and get a regular mortgage. Then will the hard money lender let me go if it's before the 6 months ? 

Does the hard money company decide when you eligible for a regular mortgage or will they let you exit as soon as you can , can find a bank to take over the loan that is? How does this transition happen is there a second closing cost envolved ? Can someone post a success story with some numbers ? Thanks BP

Thinking of starting my own property management company. Advise ? In general what qualities care you looking for and what skills are expected ? Thanks

Gosh lucky man. It depends on a 10000 things.like how much time you have, are you hands on handy man type, do you want to live in it ? What city do you see your self staying in ? I would by some student housing apartments in AZ . But you should really listen to lots of BP podcast and get the ideas going.

Hey zack , thanks for the response.let me clarify , he would be one of the partners. Who lives in the house for the first year. After that we would sell or rent for market rate. What would be some questions to ask the lawyer. Thanks

I am wondering on a how to go about starting an Llc with two friends. We are looking at a deal. Where one of us would need to live in the house for a year. How much rent would that person pay ? 100% of Mortgage ? 80 % market rate plus 1/3 ? How do we keep all the sweat equity and money spent even and keep track of it. Thanks

i don't think 2% in very realistic at all. You can't find those deals in my area and I would guess any other area people are wok to affordable rentals and real estate in general. Making money at all after maintenance and mortgage tax is the first requirement. After that it's how bad to you want to be in this game and have something in your name. It's a lot if work. Sometimes you just need one to get you started. I say 300 bucks after profit a month is a good rule.