All Forum Posts by: Shane Gordon

@Mike Wood I came across your response to the post and was wondering if you are an actual builder for duplexes? 

@Robert Dobbs 

I came across your post recently because I am looking to invest in land and build on it. I am just getting my feet wet with land investments and was curious if you contacted the banks directly to see their list of vacant REO lots or how else did you find them? Thanks!

@John Underwood I was just reading your replies and was wondering do you actually have to be at the tax sale or is there a way to do this online? Never dealt with tax liens before. Actually in Greenville right now trying to scope out the different areas to invest. 

@Rick Hughey I came across the discussion about self directed 401 k and we are looking into doing the same thing. However, our tax accountant advised against this because of penalties of taking it out before the age of 59 but everything I read said there are no penalties. Can you clarify on this a little?

We are newbie investors and looking to buy a Long Term rental property. However, when we put the info into the calculator we are stumped. For example, the house purchase price is $100k and for the 20% down we would have to use our home equity line. How do we add to the calculator the interest we would pay on the home equity line for the down payment? 

@Jean Marx Thank you for your response! I was curious how the cash out refi would work during COVID times and if it is even worth doing the BRRRR strategy right now. If you don't mind me asking, what areas did you invest in? We are also looking for cashflow but we want to be able to do cash out refi's so like yourself we have the capital to turn around and repeat the process.

@Chase Calhoun Thank you for the information. Check your inbox.

@Hadar Orkibi We are looking to get into SFR in the price range of 90k - $150k. Not looking to become slumlords especially since we are investing out of state as beginners. Looking to do the BRRRR model but not a full rehab, minor to moderate rehab and to be in the good school districts as well.

Glad to hear you have had success in Little Rock. We are from NC but looking to invest out of state in AR since it seems to be better cash flow. NC is too pricey now. Any suggestions of where to start looking in areas of AR? We are trying to get a team together since we won't be able to travel up there like we normally would. 

@Evan Bradley We would love to get your thoughts on the different areas in little rock. Looking to do BRRRR but do not want to be slumlords. Also heard appreciation is hard to come by in this area. We were looking into the Conway area since it has good schools.