All Forum Posts by: Stephanie Dobbs

Thanks! I figured I have nothing to lose but time, and by seeing my great work ethic, I may be able to establish a great relationship with the investor and could grow into an eventual partner.

Stephanie

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Hi,

I am very passionate about real estate and am trying to learn all I can, but I'm sick of learning and not doing! So since my time is so fully used up, I thought I'd volunteer for two hours a week helping an experienced investor. If you serve as such, please send me a message either here or at [email protected]. I could help with financials, administrative assistance, filing, organizing, researching or such like tasks. Please don't shy away from this great opportunity to turn me into a newbie investor into a billionaire - teacher of real estate!

Thanks for your time and consideration to read my post!

Regards,

Stephanie

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Hi,

Thanks for your time and consideration to read my post!

Regards,

Stephanie

1 Vote

Originally posted by @Lauren Lockett:

@Stephanie Dobbs

Congrats on taking the first step by joining BP and getting involved in an avenue of real estate! I think it takes a lot of courage to bounce back! I'm especially excited for you and your unique background and experience you've already got!

Check out forum posts related to what you're interested in by searching the site in the upper left. All the avenues already mentioned are great assets. The Learn and Network tabs are my favorite as I dedicate time daily to educating myself.

Wishing you the best! GO FOR IT!

Thanks so much for that advice, I will do just that!

-Stephanie

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Originally posted by @Kadian F.:

Welcome Stephanie!

BP has a wealth of information and your positive can-do attitude will help you to succeed.

Thanks so much!!! It's so nice to see another female venturing in real estate, maybe we could be colleagues?

Thanks again!

Stephanie

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Originally posted by @Brent Paul:

Thanks Brent, I started doing what you said, and skipped around (minimally) but am now on podcast 18...will go back to hear them all. Thanks for the great advice regarding my credit and overall REI beginnings. Maybe we could be colleagues so I can follow you and learn more?

Thanks again!

Stephanie

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@Michael S.:

Thanks, I have already started reading! Looking forward to learning much more!

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Originally posted by @Bill Gulley:

Read enough I think from Brian down

Banks loan money, that is their business. They are not in the RE business.

You can't wish yourself in a home regardless of your income. HARD money lenders lend at lower LTVs and for short periods, like 1 year tops, can your income pay it off in 1 year?

Find another investor to buy it for you, give him 15/20% profit .......Ooops, wait, he can't because it's going to be owner occupied and the investor will need to take you to a mortgage originator to finance the deal to you. You're back to the credBit issue again.

Why not wait and fix any credit issues, wow, I'm not saying anymore, BP nnnnn not rerespondinging!

Thanks Bill,

So what do you think about this...if I find an investor who will pay cash for the property (say 350K) and I serve as a lease holder for two years and they collect the equity after that point, (when I buy the property from them or refinance if the former was a lease purchase) could that work?

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Originally posted by @Richard Dunlop:

Originally posted by @Stephanie Dobbs:

Originally posted by @Richard Dunlop:

Maybe with a hard money lender, but I do believe the bank will require Proof of funds.

Thanks, I'll stick to the positive that you stated, and search for a hard money lender that will back us, as I know we can cover the payments. Proof of funds is easy to acquire.

- Stephanie

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Originally posted by @Richard Dunlop:

Maybe with a hard money lender, but I do believe the bank will require Proof of funds.

You mentioned you want it for yourself.

How is whoever finances you going to get their money back?

How can you prove it to them?

Between my husband and I, we make a six figure income through our full time jobs, just nothing worth counting in savings, as we recently had some car surprises (meaning repairs) that were incredibly underestimated by our standards.

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All Forum Posts by: Stephanie Dobbs

Stephanie Dobbs has started 4 posts and replied 16 times.

Post: Newbie for Hire (at no cost to you - the experienced investor)

Post: Newbie for Hire (at no cost to you - the experienced investor)

Post: Newbie for Hire (at no cost to you - the experienced investor)

Post: Hi BP

Post: Hi BP

Post: Hi BP

Post: Hi BP

Post: Short Sale Deal...can it work?

Post: Short Sale Deal...can it work?

Post: Short Sale Deal...can it work?