All Forum Posts by: Nick Johnson

Tons of advice! Thanks so much for taking the time and keeping the thread on track!

I like the ideas and feel that there are a few that I think would meet my objectives.

I am always looking for new ideas and better information, so if it's out there, please send it.

I just want to have a plan on paper before I make the first purchase. Better to have a plan ahead of time than to be stuck in a situation and can't meet my long term goals.

Thanks again guys/glas!

I am curious how guys and gals that want to have a long career with real estate investing can perpetuate their capital.

Here is my question:

Let's say that you have $50,000 capital to start with.

You buy a $100,000 property and put $10,000 down.

At this rate you can only buy 4 or 5 before your initial nut is spent.

How do investors continue to come up with down payment money in order to perpetuate buying on a long term schedule?

I would like to buy and hold for long term rental income, not flip. Is this possible?

Thanks for taking the time to give me your ideas!

I know that it has only been a few days, but please keep us posted on how this deal develops. Thanks!

Sounds like a deal Tim!

No telling if I will get it but I will keep you posted for sure :) Somehow I will work out the best way to invest there for myself. Worst case I might end up visiting (if I don't transfer) in order to invest. If that's the case, we can split the bill ;)

Tim,

I just applied for a transfer to Indy. We'll see if I hear anything back. :)

Good idea. Thanks Christian!

C'mon people! I depend on this forum for advice and information.

Is there no one here that has any opinion or perspective on PUDs?

I feel that NOO rates are coming down so you might be close. You can always HML to get into the deal AS LONG AS you are approved for conventional financing as an exit strategy. Don't hang yourself out to dry.

Love the book MikeOH! TY!

PUD = Planned Urban Development.
Check it out on wikki for more info.

Just looking for some information on why it would be wise to purchase a property located within a PUD or....

why it would be unwise to purchase a property within a PUD.

I have never had any experience with one so I am looking for more info. Thanks for the time!