All Forum Posts by: Jarred S.

Manuel Acuna
Thanks for letting us in to your experience. I am a newbie with questions about wholesaling. I would agree with the choir about the skepticism with this method, but commend you on getting out there. Your experience can only add to our perspective and BP has been so influential in this way.

Steve L. I thought the article was great and extremely interesting. I am wondering if there is more writing about this avalaible. A quick search turned up nothing but I think I may look deeper. Great website also.

Thanks James. I noticed in your interview that you manage your company's website. How hard is it to get it up and running? How much time do you spend managing it? I need to look into the details of getting it set up and how to run it.

Your website is very professional and helpful to me as well, so thanks for that.

Can anyone offer advice on how useful a website can be when just starting out? I would like to have a blog set up to openly discuss business moves but I am still not sure how much work or how useful having a website set up will be. I see some sites out there that list their properties and provide a great networking opportunity. I guess my real concern is if a website would be helpful enough to have at the start (after I acquire my first property) or just having a blog on BP?

Any response would be greatly appreciated. Simply pondering.

Some great advice. I wish there was a more clear cut answer but that seems to be the theme of this business. I am glad to have read the post as I was wondering the same thing as well. Is there anything else to consider such strongly as how the benefits differentiate between states? Maybe it is better off for fix and flip then wholesaling, or buy and holds? I understand the costs that go along with them but how much time does it save in negotiation, if at all?
J Scott, I thought you had an interesting take seemingly a million posts before the current ones when the original question was posed. You had mentioned the obvious benefits of it but clearly stated it is different for everyone. Today, as I was floating your website www.123flip.com (which I find very useful and go there out of intrigue as much as knowledge) I read your 3 year recap which had a mention of you saving something like $82k by you and your wife having your licenses. If you have time I think it would be useful for us pondering newbies if you could expand on how being an agent helps more than hurts.

I must join in with the praise of BP and everything you have created here Josh. I stumbled upon the site knowing I was interested in real estate but this site has brought me to a whole new perspective. Everything seems more attainable to me as I always believed I had the willingness to put forth the effort to become a successful real estate investor, but I now know I have the resources and networking capability to push me along in the process with confidence. I went from reading books and looking up blogs online to spending 20+ hours per week while working full time and finishing school just to learn more about investing. Lately, I play the youtube interviews in my headphones while I'm at work and have to say the information James provided in the first video has been essential as he is a year or so in front of me. I only help to have that success. I look forward to adding a presence to the site and one day helping someone in my shoes now.

Sorry for the length but I had to give the site its praise.

Thanks for the response Curt. I plan on spending a lot more time researching different ways to receive lending. I need to decide if the money I save would be better off paying towards my loans to reduce my DTI or buy rentals as soon as the money allows. How do you feel about buying foreclosures at a low price and spending the cash to upgrade it a bit. Is this a bit risky when starting out or using it as a way to gain income?

As far as hard money I am reading into that more. I dont't want to jump in something when I don't know enough about it.
But yes my main focus is saving money and learning as much as possible. I'm consumed by books and bigger pockets right now.

Thanks for your advice I really appreciate it.

Hello once again everyone. First off I would like to thank all of the BP members for their input and knowledge regarding so many topics. I have posted on here before and received great feedback. Down the road I hope to be able to offer more input on topics to do my part in paying it forward.

I am a new investor with no properties as of yet. Right now I am planning a strategy to be able to purchase my first property within the upcoming year. I have read many real estate books and am addicted to the BP forums. I would like to hear stories, advice, or anything regarding how you all started. I am only 23 and I have read many times the younger you are when you start the better off you may be. I just would like some input on how to structure my plan going forward.

My interest is in single family rentals and am convinced I want to set up an LLC down the road for asset protection. I am finishing my bachelors in economics here in December and plan to be able to save anywhere from $500-$800/month to designate for investment spending. Is there any advice on books to read, websites to follow, how much to save for start up funds? More specifically, is there anything I can do now to make it a bit easier to receive financing? I will have $43k in student loans to pay off down the road. I am wondering how that may hinder my financing. I only have fair credit at the moment.

Any input would be greatly appreciated.

Thanks all.

As I have mentioned before I am a new investor. Currently I am looking to set up an LLC with hopes to start investing in SFR in the Pittsburgh area. My area for concern may seem too worrisome on my part but after reading into naming rights and the problems that can come with them has made me second think myself.

If anyone can offer advice on naming a real estate investment LLC. I know it should pertain to the kind of homes I am looking to purchase and what kind of investing I want to get into. Another concern is expansion, so I would like to know how others feel regarding the use of names. I see some users on here use theirs and I imagine they have not had any problems thus far. Also, what is everyones opinions on naming websites? They seem a bit pricy but are they worth it. I am starting out small but I do envision myself becoming a serious investor in the future so I do not want to slip up early and have it cost me anything.

Please feel free to help, or even make fun of me for worrying a bit much. HaHa. Anything would help.

Being a new investor I have already researched what an LLC has to offer protection wise. I have read the array of past discussions on here about LLC's. What I have a question about now is, would it be better to start seeking a mortgage loan on my first property or a loan to my eventual llc? Is there any benefits to either? It seems to me that acquiring a property as soon as possible (The correct one) but if there was an incentive for the other option I would like to hear more.

As always, any response would be greatly appreciated. Thanks

"Though I've heard BoA is back to their old ways if you can declare owner occupied. Basically 3% down and eligible for 6% sellers concessions. So if you line that up you could get in pretty cheap."

I have not had the chance to read into this so can you offer a quick note on what you mean by declaring owner occupied?

Anyways thank you for the insight. It is greatly appreciated.