All Forum Posts by: Steven Burke

I am trying to post a property FSBO through Zillow, which requires a phone number verification. I am using Google Voice, but I can't for the life of me figure out how to receive the automated call from Zillow through my Voice number. I have checked the settings in Voice, tested other numbers and those come through fine, added the Zillow number to my contacts and it still won't come through. It will just show up as a missed call without ringing. I caved this morning and used my cell #, and received the call just fine.

Anyone have an idea on what I'm missing here? Is it possible to use a Voice number on Zillow FSBO listings?

Thank you!

Thanks Dave, I'm in!

Logan, thanks for the post. It's always neat to compare different scenarios and their outcomes. While I'm not an experienced note investor, I will give my $0.02:

-I don't think a 10yr vs. a 30yr is 3x the work as you're comparing a single note. It might be 3x the work if you ended up buying/creating 3 different 10yr notes. However, that's not shown in your analysis

-Looking at the payoff analysis is very interesting. I would be interested in knowing at what point in time do the 10yr and 30yr payoffs equal each other

-Instead of reinvesting into an 8% index fund, how about reinvesting into more notes?

-Another thing that I would consider (again, not experienced), would be the monthly payment of a 10/15yr note and assessing the financial condition of the borrower. There could be some added risk with the higher monthly payments vs. a 30 year.

Thanks again for posting, I'll be following this discussion!

Already registered! Thanks Dave :)

@Melanie Raine thank you so much for all of the information you provided. I will definitely look more into this resources!

Good morning BP! I recently finished Dan Van Horn's book on Real Estate Note Investing and I've been learning more and more about the subject through NoteSchool. I am really intrigued about using notes as a way to generate income, especially using partials. I was curious if anyone in the Minneapolis area is currently purchasing notes (performing or non-performing) and would be willing to share their experience on how they got started & where they're at today. Thanks!

Thank you for the replies!

A correction to this post - it is a condo, not an apartment. The association is made up of 12 units in 2 separate buildings. 

Good morning!

I'm a beginner in real estate investing and I'm looking for my first deal. My local market is extremely hot and 2-3 bedroom SF houses around 1000 sq ft sell for a minimum of 175k. There is a 2/1 apartment that came up for sale recently priced at 118k. We looked at it yesterday and it is in good shape, so there is little to no value add opportunity in this property. It would produce a cashflow of $175-$200/mo with a COC of 9-10% (something that I would be okay with).

I am looking to partner with my dad on my first deal because I don't have all of the cash for a down payment. My question is - how would you structure a partnership with a non-value-add deal that produces $200/mo on a ~$26.5k down payment? All of the normal methods don't seem to produce much return for my dad, and even if he got 100% of the cash flow it would take 7+ years for me to see any profit. Any ideas on this? Thank you!