All Forum Posts by: Sage Fradley

Hey everyone, I have found a home for sale By Owner and have gotten a verbal agreement. I want to get this house under contract ASAP but I don't want to use a agent. Could someone please point me in the direction of where I could find a plain contract that I could fill in the info. Thank you.

PS I have searched the BP tools and files and have not been able to find one.

Sage

@Joe Splitrock Im afraid the high salary isnt so. I made 48k on hourly and overtime and 22k on per diem. I am able to live cheap on the road; stay at a hotel with breakfast, pack lunch, cook in the room, and bunk with another guy. I save more then half of the per diem. Full benefits and 401k and phone. I could save about 30-40k a year maybe a little more. Which is great but the sacrifice is real its a dead end job. Minimal growth does exist in this job but the time commitment will always be there. The way I see it is, yes it would take me two years going to school and start working some menial job just to break even and maybe barely save in the mean time. Even after those two years I would probably start out making less then I do now but i would only be working 4 days a week. So i feel like I will be taking a temporary pay cut to get back almost 50% of my time. Which I could pursue more REI and side hustles and develop marketable skills. There would definitely be a while before i could get back to the savings rate that I am currently at. I have been white knuckling it since the new year and I am wearing really thin. I know the longer I stay here the harder it is going to be to leave. I have about 80k in savings to try to HH and BRRR all over again in the meantime. Which would be difficult if I don't have steady income I have now. I don't know what the **** to do. I am miserable. I need to establish an exit plan from the job.

 Thank you everyone for your advise and suggestions so far

@Neal Collins I work on Transformers. you know Autobots and deceptcons... jk Not the ones on power poles, I work on the big ones coming out of power plants. Its a little like a mechanic, elelectrian, plumber. Its a paycheck. @Jay Hinrichs I hear you about the hard work needed to be successful. I have regularly worked 60-80 hour weeks for the past 4 years. I have worked over 24 hours straight multiple times. When people talk about hard work.... I just smile. I think the only thing that would be comparible is maybe the military. Ive been mowing my lawn on a Sunday afternoon and had to be ready to go with in a half hour and leave it half finished. Always on call. I have many times just bought concert tickets with knowing that its a maybe that I would be going or not. So at least I feel I could give the retail portion an honest try and see some success. I am not allergic to hard work or hard financal times. I am currently in a secure position to make this transition and feel the need to advantage of this opportunity to get out while I have the resources.

@Corby Goade Awesome! and thank you. I will be starting looking into schools as soon I find/make time. The road life sucks. No quality of life. @Nick Rutkowski I am thinking about doing it before I go back to formal college, to probably become a nurse. I am not sure if I would want to be soley a real estate agent. I have always been told I would be a good salesman but I really don't like the stigma associated with it. I would be getting it more to increase the value of REI as a side hustle, but it could very well be possible that I would make it a career. I might end up really liking it.

I am turning 30 this year and I am at a crossroad in my life. I have a well paying job working on the road sometimes 45 days straight 7 days a week with no idea of if or when I will be going home. it's been very time demanding to the extreme of barely being able to listen to podcasts, read, or even research and analyze possible leads. I sleep in my own bed maybe 50 nights a year. Even long distance REI in not practical because I work long 10-12 hour days and have just enough time to eat and sleep and do it all over again. I was able to complete a successful house hack BRRR over the course of almost 3 years. So I plan on going back to school to get a job that would be more convenient to have a family and more free time for REI. Before doing so I have been thinking about getting my RE license to assist with deals and immerse myself the market. I am also process of forming a team and an agent would be a good pillar of that team. Is there any objections or reasons why I shouldn't get my license???? I live in SW Florida in-between St-pete and Sarasota. Thank you for time. Sage House hack BRRR was a 5 bed 3 bath SFH. I paid 169k I put 49k down and about 30k into it in August 2015. Appraised at 250k took 80% paid off my private lender and got all cash back out. 300 a month positive cash flow. Now I need to repeat!!!

I am turning 30 this year and I am at a crossroad in my life. I have a well paying job working on the road sometimes 45 days straight 7 days a week with no idea of if or when I will be going home. it's been very time demanding to the extreme of barely being able to listen to podcasts, read, or even research and analyze possible leads. I sleep in my own bed maybe 50 nights a year. Even long distance REI in not practical because I work long 10-12 hour days and have just enough time to eat and sleep and do it all over again. I was able to complete a successful house hack BRRR over the course of almost 3 years. So I plan on going back to school to get a job that would be more convenient to have a family and more free time for REI. Before doing so I have been thinking about getting my RE license to assist with deals and immerse myself the market. I am also process of forming a team and an agent would be a good pillar of that team. Is there any objections or reasons why I shouldn't get my license???? I live in SW Florida in-between St-pete and Sarasota. Thank you for time. Sage House hack BRRR was a 5 bed 3 bath SFH. I paid 169k I put 49k down and about 30k into it in August 2015. Appraised at 250k took 80% paid off my private lender and got all cash back out. 300 a month positive cash flow. Now I need to repeat!!!

Thanks for all the advice I was able to do a cash out refi conventional loan at 4.25% . It appraised at 250k and i was able to get 200k. So after paying back my aunt Im back to 80k, but with a cash flowing property :) about $300 a month Woot woot. I plan on increasing rents next year.

@Ibrahim Hughes @Upen Patel Thank you guys for your advice. I was able to find him through the link you provided. But no information just his name and phone number. I think i will look elsewhere. I have asked him for some verifications and he hasn't got back with me.

I have been approached by Michael Galdis Adamez a member of bigger pockets through the forum.  All seem honky dory but I have a bit of hesitation. I am trying to get a Cash out refi and he seems like he will be able to get me a good rate and the amount I am looking for. I am new and haven't had to get a traditional mortgage yet. I need to know ways I can verify that this is a real person and not a scam. 

@Eric James it's at 2200 total super low friends and family.... aka fked myself a little this year but I will raise it next year. But yes cash flow is a concern ofmine as well. Paying off my aunt would only remove the 550 payment which is my only wigle room right now.