All Forum Posts by: Sam Cook

@Axel Meierhoefer

That’s exactly what I’m considering, my main business is trucking, so I’m gone from my home area for 3-4!weeks at a time. I’ve also heard a lot of negative options. But I base those on investors who benefit from from a logistical Advantage and an  adequate amount of time hunting and managing deals.

I’d like to hear more about you turnkeys, do you use roof stock? Or a similar out fit?

If you look at the population growth, the town seem to be getting smaller. All of WV is decreasing. Is anyone based there?

I live on the Va NC line. In the Tidewater Area

Looking to get my first property early next year I’d be happy to stay in the Tidewater or even the Greensboro Raleigh area.

I’m familiar with both areas.

But I can’t decide

Hello everyone, I’m at a crossroads.

First off in like to say I’ve listened to almost all of the BiggerPockets podcasts and interviews and have several of their books and guests books. ( just saying so you know I didn’t just show up without any knowledge).

I’m at a point where I can almost pull the trigger on my first multifamily property. I’ve got some money saved, debts paid down, credit is good. But... I’m also in a position where I can significantly increase my annual income, 2x to 3X’s .

But that would require the money I have and Me buying a Semi Truck, becoming an independent contractor.

Starting my work history from zero. And not qualifying for a traditional mortgage for two more years.

I’m torn.. do I get the house and get started?

And start saving all over again?

Or get the truck that literally could yield 3-4X’s the savings that I can presently save with my salary. And put me in a position to have 30k-40k as a down payment every year?

Any thoughts?

Any truckers?

Thanks everyone.

I’ve always thought Real estate investing was one of those things that only wealthy or highly educated connected people could do. I binged listened the first 100 shows of the Bigger Pockets Podcast ( its ok, I’m a truck driver. I have LOTS of radio time) And now it’s all I want to do. I also have a few questions 1. As a complete newbie, do I need a pro membership? 2. I presently has a payment plan / tax lien with the IRS, could I even qualify for a mortgage or financing? 3. Should I focus on wholesale and maybe mobile homes, until I pay off my taxes?

I've only recently been interested in real estate, and have learned that with an FHA loan I can buy up to a four unit multi-family home with it. But I have to live in it for a minimum of one year. The only multi-family homes in my reagion are located in "bad" to "worse" to "not so bad". My question is. ( not worried about your personal safety) what concerns would you have?

I've found 3, four unit homes 2 bed 1 bath, and I can afford the mortgage and taxes with my normal income, so that's a plus. 

I would love to hear some opinions, and even some suggestions of things i haven't thought of. 

Thanks