All Forum Posts by: Thomas Crowe

 Good to know, thanks.

 Will do, thanks. Its the act of finding these great deals that I am still working on. 

I am new and have been watching the podcast and reading the books and want to jump in and get started. I don't have enough capital yet to do my first property but I am willing to contribute in a partnership to get my first one under my belt. If anyone is in the Knoxville/East TN area that might want to take on a rookie, I'm your guy!

Thanks! 10% LTV will most certainly help me out. I will look into those!

I am new to the investment property world and want to jump in. I have been following BP podcast for about 2 months now, I have read several of the recommended books but still need some guidance.

I own a primary residence right now that I recently purchased in the Knoxville area. I do not have enough equity to pull out any cash yet. I do have some capital to start investing with, but its not quite enough for 25% down payment + the recommended $10,000 - $25,000 cash reserves. My personal finances are looking good. I reduced my DTI ratio to below 20%, I have a healthy emergency fund, and I can save about $1,000 a month. What is the recommended way to grow the capital I do have right now until I have enough to purchase my first deal - besides continuing to save? I will get into local networking as soon as I can, and I have a investment property friendly agent already lined up. Just need to grow the capital!

I am really leaning towards long term rental properties, and possibly just assist in funding a flipper (as a silent partner maybe?)

Thank you for your advice in advance.