All Forum Posts by: Neal D.

Every time I try to view an image another poster has posted it shuts down my BP APP. Any thoughts? Should I just delete and download it again?

I have been trying to gather up funds for closing cost and down payments on a rental property and I thought I read somewhere that the closing costs on a house were filled with pay items that were not completely necessary in most cases. Did I read that wrong and am losing my mind or are closing cost filled with items that you are not required to pay? Thanks.

So I have wanted to get into real estate investing for the last two years and just don't have the capability on my salary to save a dime. All but a few of my expenditures are deemed completely necessary for everyday life but I can still come up short if me or my wife miss much work. Anyway, we discussed a option of moving to a smaller house to relieve some of our financial issues. I mentioned that we should try to keep our house if at all possible because it was a great buy when we bought it, the note is really low and to be honest there are some sentimental value there to (i worked my *** off fixing the place up over the last two years and we brought a baby home to this house). We could rent it out for about 400 bucks a month profit as long as everything holds out without breaking. So she says maybe we should sell the house and hopefully make about 50k off the deal. We would pay off our credit cards, get me a nice used truck($10-17k) so I can more easily do side work(landscaping and grass cutting) that I do all the time.(I drive a 96 model explorer and let's just say it isn't quite as spritely as it used to be). And she wants a boob job($5k after two kids) and use the rest to put down on the smaller house that we will rent out eventually. We would be able to live in her grand parents house when they leave it to us and would be able to then pursue the rental empire that I want when we don't have a house note because their house was paid for in cash when it was built. What do you guys/gals think is the best option? I at first completely disregarded it as an option but the more I think about it the more it sounds like a good deal. I believe there is merit to paying off all our credit cards and getting a nicer vehicle and honestly I don't see anything wrong with her body but she has put up with all of my **** for the last 10 years so at this point if it makes her happy thats fine. But what if her grandparents live for another ten years. That would be great but where would that put us financially. I guess we would be able to save some money in a smaller house.

Thanks so much! 

My locality has a board of realtors website that allows you to search properties and agents and affiliate members. Is this the same thing as the MLS that the agents use or is it something completely different?

Just wondering if we had any members from the Vicksburg, MS area that are successfully renting multiple properties. I am really interested in buying a property or two in or around the area and have questions about preferred types of rental property and areas to look at. If you know of someone feel free to suggest I contact them. Thanks!

Hello fellow pocket enlargers! I am trying to get my financial situation to a level where my wife does not have to work and can stay home with the kids.  We just had our second son and our other attends daycare to the tune of $440 a month and when my other child goes to daycare we will be paying 820 a month in daycare fees.   Once my wife has to go back to work in 6 weeks she will be working 40+ hours a week to clear $400 dollars a month. Neither of us can justify our children being raised by others for her to only be making $400 a month.  

Now to the point of the post. I want to focus on a buy and hold strategy. I don't care if it's apt complex, duplex or single detached.  What questions do I need ask and what type of business plan should I be walking into the office with? 

Hello fellow pocket enlargers! I am trying to get my financial situation to a level where my wife does not have to work and can stay home with the kids.  We just had our second son and our other attends daycare to the tune of $440 a month and when my other child goes to daycare we will be paying 820 a month in daycare fees.   Once my wife has to go back to work in 6 weeks she will be working 40+ hours a week to clear $400 dollars a month. Neither of us can justify our children being raised by others for her to only be making $400 a month.  

Now to the point of the post. I want to focus on a buy and hold strategy. I don't care if it's apt complex, duplex or single detached.  What questions do I need ask and what type of business plan should I be walking into the office with? 

Thanks so much for the quick replies guys. I figured this was something like you all described. I am getting really interested in real estate as a career in the future. I work at a federal job as well as work a side job designing and installing landscapes. I ended up in the federal job only after realizing that my cities market for landscape architects is swamped with "landscapers" and people who don't want to pay the fees associated with pros. I still get a good job here and there but nothing I could ever quit my day job for. I want to turn the few hundred bucks I make here and there into a few thousand here and there using real estate flipping and holding. Anyway, I have been sitting on the sidelines listening to podcast, reading posts by others, dreaming up rental property developments on parcels of land for sale in my city area, watching flipping shows on TV. My wife said something to me the other day. "You know all those ideas you have that you describe in great detail. Why don't you ever act on them? They sound like you put time into thinking about them and if you just let them fade to the back of your memory your gonna wake up one day and wish you had got off your *** and done something with it"

Thanks so much for the quick replies guys. I figured this was something like you all described. I am getting really interested in real estate as a career in the future. I work at a federal job as well as work a side job designing and installing landscapes. I ended up in the federal job only after realizing that my cities market for landscape architects is swamped with "landscapers" and people who don't want to pay the fees associated with pros. I still get a good job here and there but nothing I could ever quit my day job for. I want to turn the few hundred bucks I make here and there into a few thousand here and there using real estate flipping and holding. Anyway, I have been sitting on the sidelines listening to podcast, reading posts by others, dreaming up rental property developments on parcels of land for sale in my city area, watching flipping shows on TV.