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All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 16 times.

Post: Tallahassee real estate meet Tuesday 5.30pm Leroy Collins

Account ClosedPosted
  • Rental Property Investor
  • Tuscaloosa, AL
  • Posts 17
  • Votes 8

I would love to speak with you about Real Estate! Only thing is I am no longer in the Tallahassee Area. Any dial in capabilities?

Post: Rate My Knowledge Foundation! (Books that I Plan To Read)

Account ClosedPosted
  • Rental Property Investor
  • Tuscaloosa, AL
  • Posts 17
  • Votes 8

@Ali Boone I 1000% Agree, Rich Dad Poor Dad is the entrance fee to this realm of thinking. Similarly, are there any other Rich Dad books you would recommend?  

Post: Rate My Knowledge Foundation! (Books that I Plan To Read)

Account ClosedPosted
  • Rental Property Investor
  • Tuscaloosa, AL
  • Posts 17
  • Votes 8
@Elizabeth Wilson Thank you! And will do!

Post: Rate My Knowledge Foundation! (Books that I Plan To Read)

Account ClosedPosted
  • Rental Property Investor
  • Tuscaloosa, AL
  • Posts 17
  • Votes 8

Hi BiggerPockets!

I am preparing to buy my first Multi-Family Property in the Tampa Bay area. Before then, I would like to fill myself with as much actionable Wisdom and Knowledge as possible. That being said I present to you all My Real-Estate Knowledge Foundation.

---
The Intelligent Investor
by Benjamin Graham
The Book on Rental Property Investing by Brandon Turner(Audible)
The Millionaire Real Estate Investor By Gary Keller(Audible)

Real Estate Investing by Eric Tyson and Robert S. Griswold
Investing in Real Estate by Gary W. Eldred
Build A Rental Property Empire by Mark Ferguson
The ABC's of Real Estate Investing by Ken McElroy
What Every Real Estate Investor Needs To Know About Cash Flow by Frank Gallinelli
Finding and Funding Great Deals by Anson Young
Investing In Real Estate with No(and low) Money Down by Brandon Turner
The Book On Managing Rental Properties by Brandon Turner
Long Distance Real Estate Investing by David Greene
Tips & Traps for Negotiating Real Estate by Robert Erwin
How To Win In Commercial Real Estate Investing by R. Craig Coppola
Crushing It In Commercial Real Estate by Brian Murray
Confessions of a Real Estate Entrepreneur by James A Randel
Commercial Mortgages 101 by Michael Reinhard

The Bigger Pockets Podcast by Joshua Dorkin and Brandon Turner
The Bigger Pockets Forums by The Bigger Pockets Community
----

My Short Term Plan is to amass a real estate portfolio of 30-Units In 5 years(24 years old now, 30 by 30).
Through Multi-Family Investments(4 Units), and Small Apartment Complexes.
That being said, can you all provide feedback regarding the "completeness" of my Knowledge Base?
Are the books that I have a good starting point?
What other topics & books should I encompass in my studies?

Also, I do plan to enter an apprenticeship with my current landlord, as well attend Real Estate Meet Ups in my area. I just want to be prepared as possible.

"Give me six hours to chop down a tree and I will spend the first four sharpening the axe."-Abraham Lincoln

Thanks BP!

Post: Buying My First Rental Property Through My Brothers FHA Loan

Account ClosedPosted
  • Rental Property Investor
  • Tuscaloosa, AL
  • Posts 17
  • Votes 8

@Christopher Phillips Thank you for the insight. As a follow up, 

-If he lives in the property, wouldn't that satisfy the primary residence requirement? 

Post: Buying My First Rental Property Through My Brothers FHA Loan

Account ClosedPosted
  • Rental Property Investor
  • Tuscaloosa, AL
  • Posts 17
  • Votes 8

Hi BP Community,

The situation is as follows.

-Brother has a sub-par Credit score, & Income.
-He is located in Tampa's booming/affordable housing market.

I am located in New York City and are an aspiring Real Estate investor.  With Great Credit and Great Income.

My plan/question:
-I want to cosign/co-borrow an FHA loan for 4-Unit with my brother.
-He live in the residence as required.(House Hack)
-He serve as a property manager in exchange for living without/reduced rent payment. 
-I would handle Rent Collection & Scheduling of maintenance as necessary.
------
Is this Idea feasible? I have looked at the HUD Guidelines to verify that this is possible. Just wanted to know what you all thoughts were on the strategy. Things to consider...etc