All Forum Posts by: Robert Beardsley

like some others have said. if your able to get your self a 4 unit or less with 0% down VA. house hack that and then use the $300k and buy your self as many investment properties with putting 20-25% down depending on your market that could be one property or 10 property with 300k. definitely use the VA its a free property. some will tell you you cant cash flow with 0% down. im cash flowing on the one i used well over 15% after moving out and while living in it i didnt have to pay anything out of pocket plus it covered all my utilities and repairs.

Hey Everyone, 

we had a great turn out this meet up. hopefully if we keep getting this kind of turn out we can start getting some Guest speakers to come talk. Im hoping to do the April meet up at a unit in lisbon that will be in mid remodel. i think this could be a good way to get some talking point and a nice visual for some newer investor.

-Rob

the question is why wouldn't you just go buy 8 properties at 400k and rent them out. this is very confusing post

i dont really see why you wouldnt give him 50% down if you have used him before and trust him. if he is new then dont do 50% down almost ever. have you ever been late on paying him? that might be why he is asking for 50% down? these guys dont just have to buy material they also have to pay employees and there own bills. if you trust him do it if you dont then run.

poor guy comes to ask a question and instead of helping people smash him on his terminology about something and attack him for being a millennial, as if it was bad to be born during certain years...

Thanks for the post Dan. looking forward to meeting up with people again and talking shop. ill try and get there early and get us a seat inside @Bethany Turon

did this individual post about this recently on BP. looks like the same situation atleast. not sure if there is anything you can do other then tell him to take the loss before the loss get bigger. unless you want to save him buy taking the loss for him or asking another investor to take the loss for him. just not sure why anyone would want to take a loss for someone else...

@Bethany Turon

Definitely try and keep the same tenant. raise rent $25. $25 doesnt seem like much to ether of you but as some have pointed out you never know when rent control will come. i like raising rents even if just little not just for rent control but also to "train" the tenants to expect rent to increase every year. its psychological people will ***** less if they expect it. if you dont raise rent for couple years and then you do they are more likely to think they did something wrong or get mad instead of be thankful you hadn't for the last few years. 

Hey Garret. ill try and make it to this. as an fyi this will be the second one that is going on in the brunswick area. @Dan Weber and i normally do one near the end of the month at flight deck. think this months was planned for the 27th at 5:30. not sure if dan made the meeting yet. we could try and do two going forward but might be good to try and combine them to not wear people out to much. i my self would be down to do them more often haha