All Forum Posts by: Sydnie E.

@Alex Bekeza

Hi Alex,

Thank you for responding. That’s a really good idea. One thing I have learned are there are no short cuts in this business. People will take advantage of your desire to be successful in this industry. I am extremely grateful for BP for establishing this forum. Being able to bounce ideas off others just like you has been a great help to many.

Thanks again!!!

Sydnie

Hello BP,

I’m currently researching possible franchises in the real estate industry. I’ve come across a few that sound good stating they train you and give you access to a number of lenders. They even say completing their program will allow you to pass the three year business requirements when first starting out that most lenders require. Some say that they can even have you lending money the next day after completing their class. You know what they say if it sounds too good to be true it probably is. The class runs up to 25,000, which is supposed to cover everything. Following I should be able to lend to investors, small businesses, contractors for equipment etc. Real deal or money hustle?

Is anyone familiar with any franchises in the RE industry that are legit or that you can personally recommend?

Thanks

Sydnie

The current rent is about 7500. Renting each unit for 2500 at the lowest would cover the payment and utility expenses. In the long run it seems to make since. What am I missing?

Hello BP Family,

I'm interested in a complex listed at 1,500,000.00. I'm wondering what would be the best way to acquire this property? It's a four unit in a desirable area so renting won't be an issue. It's in good shape so only a few changes if any. I've heard that getting an LLC is good but is it harder to get funding this way or easier using my personal information? Does anyone know of any loan programs or methods that would work for this type of property for buy and hold? Any advise would be great.

Thank you

Sydnie

Hello BP, I'm located in Los Angeles looking for a contractor who specializes in properties on a hill. Can anyone recommend someone who has reasonable pricing. Thanks

Hello BP, I'm looking for a hard money or private lender that services the California area. Can anyone recommend one that they have used or know of that is reasonable? Thanks! Sydnie

Thanks, Thank you for your input . I'll look into it a little further. Asking can't hurt, they can only say no.

Hello BP, I currently live in California. I recently came across a property that is a probate auction. I'm new to investing and wondering if any knows of any reasons why this is not a good idea to invest my time in. The property is starting at 249,000 but according to comps could sell for 6-700,000. It is in bad condition but has potential to be nice. Would be too optimistic to get an all cash lender to invest even with the return potential being so high?Does anyone know the best way to acquire this property?

If possible can you provide a few portfolio lenders and maybe a few pointers so they don't take advantage of my newbie status. What is the best way to obtain multiple properties if your just starting out? The FHA 3.5% is great but you can only do that once since you have to live in it. Do you have any strategies that may be helpful?

Hello BP, This was the best show ever!!! I really enjoyed hearing his perspective on the business and his outlook on life in general! If you have not listen to this podcast your missing out. Download it, save it and listen to it repeatedly!! Awesome!!!!thank you for having him as a guest speaker! I don't know if you can top it. Good luck. Sydnie