All Forum Posts by: Nick Johnson

@Remington Lyman Thank you for that. I am hoping to find someone that has most of the answers, if not, I will reach out to you for sure! 

I have grown up around SFRs my whole life. I own a duplex currently myself. It's time for me to delve into the 5+ Multi/Commercial realm. My main goal is cash flow. 

I am looking for someone already in this space that has the time to walk a noobie like me through the process.

Here are the areas that I would like to learn:

• Find the deals (help me find an ideal agent, bird dog, wholesaler, off-market connections)
• Analyze (crunch the numbers, make sure that it meets my budget and goals)
• Inspect (connect with a reliable and spot-on inspector to catch even the littlest of issues before I buy)
• Purchase (negotiate the best deal price/deal/terms to meet my goals)
• Finance (create a relationship with a broker/lender that I can count on to work with time and time again)
• Light rehab/value add (connect with reliable, efficient, cost effective, and trustworthy contractors)
• Set up solid management (a company that looks out for me and can be trusted to do what it right with my interests in mind)
• and Cash Flow.

I don't mind paying for services or whatever else we can work out that brings value back to you in return for your education, time, contacts and patience. I hope to be able to replicate the process on my own after our first deal. I am usually a quick learner. (fingers crossed)

I am looking for something small to start. Prefer something in the $150-$250k range with some light rehab or value add opportunities with below market rents. I can do 20-25% down and have an additional small sum for the aforementioned rehab/value. I am in the 650 FICO range, current on all payments and mortgages, and the FICO is increasing monthly. (Had some 2020 covid issues). Less interested in appreciation and more so in cash flow.

States that I like (but am not limited to): Texas, Alabama, Ohio, Indiana, Tennessee.

If you know of someone that would fit my goals, please connect us. I very much appreciate the time for anyone that even reads this post. Thank you!

@Ron Atienza Asking price? Condition? Deferred maintenance? 

@JR Paulemon there is a Practitioner Finder (Agent Finder) right on the Nelson Nash Institute website. Find an Agent that is nearest you. That's what I did. They are all certified to "sell" the IBC product under the Nelson Nash and IBC names. 

https://infinitebanking.org/fi...

@Mary M. that may be my best bet. My score is going back up monthly, I let 3 cards die last year, my first missed payments ever. I am current on my other CCs, Car, Mortgage. BUT since it seems it may be easier to go commercial (5+), this is new to me, so I can use the coming months to study up while my credit rises. I was trying to beat the housing "bubble" but it appears that new economic numbers are brighter than anticipated recently. So I have a little time. Thank you :)

@David A Lisowski that’s for that informative post with examples. I much appreciated it. Shame you don’t have a contact but nonetheless you have helped :) TY

@Ken Naim Thanks for the additional insight. I need to do some research. Have never even looked at 5+. This is a new game for me. If you have experience in that realm, I take advice. Thank you. 

@Chris M. thanks again for your time and advice! If you have anyone that you would recommend, I'd always be grateful. 

@Chris M. so I should reverse away from SFRs in your opinion and look at 5+ or? Just a little translation please. Thanks!!!

@Shaun Weekes

Please stop replying.

No one is paying cash for any homes.

Apparently you can’t read what my question is.