All Forum Posts by: Ron Hall

@Nick Farrell

@Nick Rutkowski

I agree with what Biggie says, also.

I would use your dad as a source of private money, not as a partner.

Good luck on your real estate journey.

have him as a partner

@Justin Youngblood, the moving in sight unseen and three months rent are red flags to me.

@Michelle Bulich

Buy it, have the guys from ghost adventures film an episode, it's a real TV show(stupid, but a real show) and the market the sh$t out of the house as a haunted bed and breakfast, there is a market for that kind of thing. In all seriousness if the numbers work for you, go for it.

@Sheila Campbell,

Hi Sheila, there are a lot of different ways to come up with the down payment. One option is to wholesale a few deals to other investors, not the easiest thing to do. A few other options, would be borrow from friends and family, or use a cash advance against a credit card to cover down payment. Another approach would be a heloc (home equity line of credit), if you own your home. Hope this helps, starting out is hard work, but the pay off is awesome.

Good luck

Ron 

@Heidi Kenefick it happens, dont let it discourage you. This is a numbers game.

@Jimmy Lieu it's always a good year if you are investing for cashflow.

It protects each property individually, incase there is ever a lawsuit.

I set up separate llcs to protect assets.

@Kyle Neff, set the llc, I use separate llcs for each property that I own.

@Kevin McGuire, @David Robertson, I requested a demo from the company, I would be glad to share what learn. David, I am a investor south of you in Joplin.