All Forum Posts by: Pascual Torres

thanks guys for all you input. 

 I was curious if negative cash flow was a huge mistake and big no no. From all the reading/listening ive done, it all says to find something that can cashflow, even if its 25$/month

Sounds like there is in fact people who dont mind the temporary negative cashflow, I think that aligns with I am seeing here locally.

 Good luck Brian!

 Very good point on the patience. It can be easy to get caught up in the frenzy. It's easy to just get all pumped up and want to just make something happen, which is a good thing in some circumstances. Also easy to think you are missing out when you compare homes prices from a year ago to now. Makes you think that you should "jumped on it".

 There is not a lot of supply around here and it is a very desirable place to live. Lots of people from big cities are moving in and bringing their big equity with them. It's hard competing with owner occupied as in "investor".

I hear from local agents that some people are totally buying and holding regardless of cashflow just for the appreciation. A year ago a house would have been 80K cheaper according to local agents.

Hi, Im trying to invest in rental properties but the prices in my local area are so high that everything I look at doesnt cash flow (with traditional financing). Everything is flying off the shelves. I mean everything. Offering over asking price is the norm and necessary if you want to get the property. Buying for appreciation seems what people are doing but from what I read, that is not good strategy.

Should I stop trying to look for cash flowing properties and buy negative cash flowing properties just for the appreciation and loan paydown?

What strategies have you experienced investors deployed in such climate?

Hi guys,

I have bought two lots that I will build spec homes on. The plan is to fund the first home build with my own cash. Sell the home and then start on the second.

I was wondering what your thoughts were on using your own cash vs using a construction loan for this type of project?

hi guys

We currently have a property for sale that is FSBO. We have a buyer and want to do a 1 year owner carried contract with a balloon payment at the end of the year. Is there any templates/forms you guys like using? We are in the state of Oregon.

Also, does there need to be a traditional "purchase agreement" form in addition to the "owner carried contract" agreement?

any help is appreciated.

thanks

thanks everybody for your inputs. It's nice to hear the different perspectives. I will continue my search for the right help but with a better understanding. 

I keep reading the terms "investor friendly" contractors or "investor friendly" prices for work performed. I've read this in a few different books on real estate investing but also in the the same books, they say to find the best reputable tradesmen. Aren't the best tradesmen going to charge the highest prices? Seems kind of a contradicting concept. 

or is there situations where somebody does awesome work at low prices?