All Forum Posts by: Steven Torrez

That's awesome @George P.

I'm just getting started and it's nice to hear success stories like this one. 

I've never heard of this. Not sure it exists. 

I'll be curious to hear other people's input.

@Pete Hathaway

@Jay Hinrichs

My understanding is that since my business partner has his license the business would be covered. 

I will look into it though.

Thank you for the input. 

My Real Estate Agent and I are starting our own business soon and need recommendations for a Attorney that specializes in Real Estate who is located in Salem Oregon. We will be starting out wholesaleing to build experience and capital before moving into flipping. 

While my main focus is finding a knowledge Attorney any input on pros and cons of Different partnership agreements are welcome too. 

Hello @Ben Winchester

I think your best bet would be to go to the Portland BP meet up October 11th

There will be lots of knowledgable investors there who can give you great advise.

Hope to see you there, Steve

@Reginald Winn 

Welcome to BP

You're in the right place to learn.

I suggest listening to the podcasts and watching the webinars when they come around once a week. There is a wealth of information in those. 

Also, probably the best resource besides the forums would be the bigger pockets books. I have most of them and love them. They break investing down into easy to understand parts. Highly recommend reading them. 

And as always, don't be afraid to post questions on the forums if you can't find the answers in previous forum posts. 

Cheers, Steve 

@Jesse Gambetti

It isn't until October 11th 

@Joe Capobianco

Your down payment is based on the sales price. So you'd put 20% down on 185k and you would avoid the PMI.

If you bought a fixer upper house with say 5% down and put sweat equity into it. The house would need to appraise high enough for the LTV to be 80% or less for the bank to remove the PMI.

Good luck!

If you want to consider them as a buy and hold 

I think your best bet would be to buy a small Mobile home park. There was a great BP podcast on this very subject. Episode 111

Most mobile homes now days use the same materials (Windows, sinks, showers ect) as stick built homes. I don't think you'd be able to recoup your rehab costs from a mobile home since the sale price is so low comparatively. 

Good luck! 

Thank you, those reminders are always appreciated.