All Forum Posts by: Stanley E.

Hi BP. Does anyone have a good scope of work form they would like to share.? I searched for one in the BP forms section but when I went to download it, it was not there. Thanks.

Thanks @Deborah Hardin Please let me know when you find one. I'd like to expand my REI strategy to Cabot.

Thanks.

@Deborah Hardin, I was wondering are there any good PM companies in Cabot? I have been interested in investing in that market but would need a good PM to make that happen.

Thanks.

@rebecca holmes, "Captain Save A Home"...Awesome name.

I am interested in owner financing myself. Even with owner financing, who needs to be involved? An attorney? Realtor? What precautions or due diligence needs to be done to ensure protection of the financier and me as the buyer?

Hi BP. I'm contemplating an owner finance deal. What all do I need to have in place? Lawyer? Realtor? And if the deal goes through, who is responsible for the taxes? Me? Thanks.

I agree with all of these books, but my suggestion is to act as you read. Don't get sumoed by analysis paralysis. If you try to read every great book before you get started, you'll never start. Read, Act, Repeat.

I provide a refrigerator and stove in my rental. If I put in a washer and dryer, I think I would increase the rent.

Are you or one of your parents in or have been in the military? If so, you could use your VA loan to purchase the property with no money down. Caveat: you would have to live in it (house hack). Just another option.

Neildon Jncharles I heard you say that you were a novice investor. It is my belief as a novice investor as well that we need a win first. Translation, win = positive cash flow. The best case scenario that you have described is a break even which to me is not a win. As for the comments about appreciation, also as a novice investor, I think there is to much speculation about the market in the future to bank on appreciation. If you can't get a better discount on the property where you would win with the current rental rates, I'd pass.