All Forum Posts by: Ryan Chenevert

@Jay J. high risk- i'm young.  I'm open to both active and passive.  I'm a lawyer by day, so I'm looking for income mainly for "retirement."  

What would you do with $160,000 to invest???  Newbie wanting to get involved with real estate investing.  I'm in Baton Rouge Louisiana #rallypossum

@Gino Barbaro bc they will sell to me below market value and without having to go to a bank.

Thanks!

@Matthew W. 

I was wondering if anyone has figured out a strategy to buy their parent's/family members house and make it beneficial for both.

For example, my dad's house is paid off and market value is approximately $135,000.  He wants to buy a $200,000 house in a different part of town.  His current house would rent for $1,200-1,350.

Example 2: My mom's house is valued at $150,000 and she has approximately $60-70,000 remaining on her loan.  She also would like to move to a different part of town for around $215,000. My mom's house would rent for $1,350-$1,550.

My plan would be to somehow purchase both (if beneficial to them as well) and rent out.

I appreciate the help and suggestions.  By the way, I'm a newbie.