All Forum Posts by: Dave Passey

Andrew DeB To answer your question, yes, you probably could buy a third property with 5% down but just be ready to pay the price if you get caught with your fraud. But, yes, you can do it.

Mary Ann Casey I quite like Venmo for a lot of different reasons. You gave a fairly good run down of it. They make money because a lot of people don't immediately move money from he app into their bank accounts. Venmo basically takes that money and more or less collects interest on it while you have it sitting with them. I personally only have a $10 balance with them, but that is still $10 that they can have control of that I can't spend from my bank account. I like that you can choose to deposit it into your account at any time and that a tenant can pay you immediately from anywhere.

Hey Sean, glad to meet you. I work on fix and flips and also do project managing for a number of investors. Like yourself, I want to find a fix and flip project in the greater Salt Lake area. Let me know when you would be available to chat to see how we could help each other out.

I am curious to see how other people pay Project Managers. This person could be similar to a GC but more or less, someone that meets with and selects subs, keeps crews on track and finishing work correctly and on time. I would like to see what various options are out there.

I think you might find Podcast 109 very helpful. They talk with attorney Scott Smith and he has a lot of very good information regarding this topic. He is a asset protection lawyer and could give you a lot of good points that you could talk to your attorney about.

Hey, Kevin! First off, welcome to Bigger Pockets! There is so much to learn here as you really dive into the site. I have been working for a family as their project manager for their fix and flips and have been looking to branch out a little more and do some deals with other investors. I live down in Provo but I have projects that are up in Sandy so I get up there frequently. Let me know if you would like to get together for lunch or something sometime where we could talk shop.

Here is the list of cities for the lazy

1. Washington, D.C.

2. Cincinnati, OH

3. Baltimore, MD

4. Phoenix, AZ

5. Sacramento, CA

6. Minneapolis, MN

7. Boston, MA

These books are a wealth of knowledge and have completely changed how I do fix and flips!  I used to think I was doing pretty good with the projects I worked on, but J Scott's books have shown me how to revitalize my business and have helped me become more successful than I ever would have thought was possible!  Can't wait to see what the future continues to hold!

Originally posted by @Patrick Ketchum:

Hey Dave, 

Welcome to the BP community. The podcasts are pretty inspiring right? I'd love to get together sometime and chat about your goals and how we might work together in the future. 

As far as learning about home buying, I thought some of the stuff discussed in podcast 133 was really valuable. Also, anything you can read by Ben Leybovich who has written a lot on here about creative buying strategies:  

http://www.biggerpockets.com/users/JustAskBenWhy

Good luck, Dave.

 The podcasts are very inspiring! Let's definitely get together and see what we could get done.  I noticed on your profile that you said you would like to find a multifamily to get started, what stage of your research are you at with finding one?

Just this weekend I listened to the Ben Leybovich podcast and I was planning on checking out the things he does here on Bigger Pockets.  Thanks for the good reminder!  Send me a message and we can discuss detials of meeting up.

Originally posted by @Jeff Rappaport:

Hey Dave, welocome to the site and congrats on taking the plunge into real estate investing!  I am an investor in Sandy and have been doing this for 15 years.  I would be happy to chat with you and see if I can help in some way.  Good luck!

 Hey there, Jeff!

Thanks for being the welcoming committee!  I noticed your page says that you do a lot of wholesale deals.  I would be interested in talking with you about what sort of things you have and what I would be looking for.