All Forum Posts by: Phillip Stringer

Thanks Jacob, I'll listen to it tomorrow. 

Hi Helen,
I'll be sure to post any developments. Thanks for the invitation. I'll see you guys on the 27th.

Hello All, 

I'm a new investor in Tuskegee, Alabama. I purchase my first two properties last October in a package deal, just a few months after graduation from university. Overall it was a good deal but I learned a lot about due diligence. Both properties are on one parcel so refinancing one will require getting a lot release and survey. Also had to let one tenant go because she was hiding her  SIX UNTRAINED PITBULLS.

I'm currently approaching an agent about doing a Master Lease Option on a 4plex. Going to have to be really creative with this because it's through an agent and not directly with the seller. Thinking about offering the seller 7% of list price and the agent 3% of the list price. The option to buy will be to purchase it in 2 years at 85% of the list price (based on my analysis the list price is only 70% of the value). The property cash flows for $1200-$1300/month.

I'm mainly on here looking to learn new strategies and network with other investors.  I look forward to connecting with you guys.

Phil