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All Forum Posts by: Scott Demots

Scott Demots has started 2 posts and replied 187 times.

Post: My feet are semi wet in california!

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP! You've definitely come to the right place to learn more about investing.

The community here can definitely help you navigate the REI waters. Search around and ask questions as needed. The information I've got from fellow members has been invaluable.

See you around the site!

Post: New investor in Northern California

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP! You've definitely come to the right place to learn more about investing.

The community here can definitely help you navigate the REI waters. Search around and ask questions as needed. The information I've got from fellow members has been invaluable.

See you around the site!

Post: New to the community from Baltimore MD

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP! You've definitely come to the right place to learn more about investing.

The community here can definitely help you navigate the REI waters. Search around and ask questions as needed. The information I've got from fellow members has been invaluable.

See you around the site!

Post: New Member - Boston, MA

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

@ Welcome to BP! The community here can definitely help you navigate the REI waters. Search around and ask questions as needed. The information I've got from fellow members has been invaluable.

I would suggest reading the "" if you haven't.

See you around the site!

Post: “Seasoning” requirement in Wisconsin

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi @David Burkart

I bought a duplex in West Allis on 1/15/14 for cash ($118,000) and will be closing a loan this Wednesday. The appraisal came back at $185,000, I'll be getting back what I paid for it.

I spoke to a another lender a closed a deal with in March and was told they could only give me 70% of what I paid for the property for the first 12 months. After that they could work off the appraised price.

I was surprise when the lender I'm currently working with said I could get all the money I paid for the property since I've only owned it for 5 months. I think the fact that it appraised so well was a contributing factor.

Post: Hello from Central MA!

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP! Like yourself I am a esidential contractor. Two years ago I decided to make a change to my business model. I've been buying duplexes fixing them up and keeping them, cash flow is great. I just purchased a house to flip in March.

The community here can definitely help you navigate the REI waters. Search around and ask questions as needed. The information I've got from fellow members has been invaluable.

See you around the site!

Post: Hi from Fredericksburg, VA

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP! The community here can definitely help you navigate the REI waters. Search around and ask questions as needed. The information I've got from fellow members has been invaluable. See you around the site!

Post: New Member

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP. The community here can definitely help you accomplish your goal. Search around and ask questions as needed. The information I've got from fellow members has been invaluable. Good luck!

Post: New to Bigger Pockets

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP.

You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the and .

See you around the site!

Post: Newbie on the block

Scott DemotsPosted
  • Milwaukee, WI
  • Posts 192
  • Votes 13

Hi welcome to BP! The community here can definitely help you navigate the REI waters. Good luck!