All Forum Posts by: Tim Cooper

Hello all!

I have been in contact with a motivated seller (mother died, inherited house) who is looking to sell their 3b/2b home in Jacksonville. They have not listed it anywhere yet. I have walked through the property it seems in good condition. However, I am no longer in the state of Florida and have no experience/contacts in that market. 

I'm looking for someone who is an experienced wholesaler in that area who can be the 'boots on the ground' so to speak. I have never done a wholesale deal before, so I'd prefer for this person to handle the contracts etc and show me the ropes. I originally was going to try to do this on my own, and have done plenty of research, but I think it is wiser to do it with someone more experienced.

I do believe there is a deal to be made here and I've already built rapport with the seller. Let's make this a win win win situation.

Its a 3b/2b sfh, has a garage, screened porch in the back, 1434 sqft, and vacant. 

I can be contacted through email.

Thanks for your consideration. Hopefully this is in the right forum.

Tim

Thanks for the reply. Interestingly enough, I do have an associates degree in air traffic control. Not that it's being used..... but hey...

I'm also wondering if we should be looking more for private investing or not.

Hello!

My GF and I are in the market for a potential house hack, 2-4 BR property in VA (ideally northern VA / woodbridge area) but we seem to have run into a problem....

I don't think we are going to get approved for any type of (conventional?) loans. We both work. I make ~$30k as a traveling leasing agent. A good portion of that is technically per diem and commission. It's worth noting that all of my living expenses are paid for. So no rent, no car note, no bills etc... She makes ~$35-40k but as a waitress so there's nothing verifiable. Both of us have been at our jobs for less than a year. My credit score is ~610 hers is ~700.

Together we can come up with a down payment of about $15k.

The question is what kind of financing should we be seeking? This is going to be our first purchase, and she plans on living in the property and renting the other rooms out. We are aiming for a purchase no more than ~$150k. I can probably get more than $15k down if needed.

We both live frugal enough and make enough money to be saving regularly, and know we can make mortgage payments no problem. We also already have one tenant that we trust (her current roommate) ready to move in whenever we acquire a property. So I know paying a loan off will not be an issue.

I've been doing research on BP trying to get a concrete answer but figured I'd just ask in my own topic.

Any responses are appreciated.

Thanks!

Tim

Thank you guys for the support. I'll be sure to be more active here.

 I have listened to a few, albeit not as many as I probably should... I'm quite sure they are all helpful, but do you have any particular favorites or recommendations that stick out to you?

Hello to everybody on BP.

Long time lurker, first time poster here. Like countless people I've seen here at BP, I am tired of sitting on the sidelines and ready to TAKE ACTION. The motivation you receive from reading success stories is absolutely mind blowing!!!

A bit about myself: I turn 26 on 9/8. I'm single with no kids, and I currently work as a leasing/marketing consultant (mainly for apartments). With this particular job I travel every 2 months. I am currently in Oklahoma City and will be here until the end of October. I semi-enjoy the job but at the end of the day... it is still a 9-5 and that is not what I have ever wanted. Not to mention I don't make too much money. :(

With the temporary nature of this job, I'm wondering what the best course of action is for me to get started. I realize that any form of real estate acquisition is usually not a quick process. However, being this new into the industry, I'd rather not deal with long-distance ANYTHING. I guess my question would be what would one recommend in my position? Or is there anyone out there in a similar position? 

I would much rather succeed as a real estate investor than what I am currently doing, and I would quit tomorrow if the right opportunity came along. My main reasoning for wanting to be a real estate investor is the freedom, and the earning potential being uncapped. I don't expect or need to be rich, especially early on. 

I plan on going to the OK REIA on the 10th and hopefully making some connections. I read up on BP nearly every day, and I figured it was time to actually start posting. Sheeeeeesh I wrote a lot, but thanks for reading! Also thanks in advance for those who take time to reply.

-Tim Cooper