All Forum Posts by: Parker Swank

I’ve been listening the podcast for a while now, and a big focus for new investors is to learn the vocabulary. Any suggestions for books or anything else that isn’t just a dictionary? I’d like to hear the definition and then have it elaborated on. Please let me know any advice and suggestions! 

@Jordan Williamson okay I’ll take note of all you have told me and continue my research for a couple months like you said, thank you for the insight I appreciate it very much.

@Jordan Williamson so after I had lived there a year, and moved out, when I buy my next property would I have to claim that as a investment property since it would be a second mortgage? Or would I do the same thing as with the first one where I would claim primary residence and live there for a while, then rinse and repeat?

@Dan Sheeks I read your article and it was a really good read! I was fortunate enough to have a teacher teach us how important our credit scores are and got me going on the right track. I've had a retail credit card since I was 18, and I just recently had my car blow up on me so I had to get a new vehicle and I got it without a co-signer. I was thinking of getting a duplex like you stated in your article, but what I've seen over the last week of only looking on Zillow, is that people are buying most of the duplex's and selling one side of them for a regular town home cost. I know I need to find something other than Zillow to browse the market, I'm one of the podcast episodes it says I should get my real estate license even just so I can browse the MLS more efficiently, what do you think? Thanks again!

@Jordan Williamson thank you for the advice! I’m curious as to you saying the 2-4 properties as a primary residence. If I remember correctly I’m able to have 4 mortgage loans on my personal line of credit correct? And also, thinking a little a head, if I bought my first property, do you think I should take advantage of my situation as long as possible of and live with my parents? One last thing to ask too, when I apply for a second or a third mortgage to get a new property, will I still mark that as a primary residence or would I apply for as a rented property loan? (I’m not sure the term of loan) 

Hey guys, I’ve been wanting to get into doing real estate for awhile now since I have graduated a couple of years back. I have someone I know that has taught me a little about how to buy and hold stuff. He has about 55 properties, I just barely started listening to the podcast last week and I’m only on episode number 17. I’ve started to try and learn the vocabulary as is  it has stated and tried to expand my knowledge. Right now I am worried about the market in Utah, I feel like if I don’t jump in now everything will be way too expensive to make any passive income, and I feel like if I wait any longer It will just get worse and worse. I have a good job and a it’s a teamster Union job so I don’t think I’ll have problems for financing for my first home besides my credit not being the greatest since I’m only 20. I have the option to still live with my parents, any suggestions on what I should do? I don’t want to miss out on my chance to get in the market, nor do I want to make a rash decision.