All Forum Posts by: Trevor Aydelott

I personally think your home can definitely be an ASSET 

@Devan Mcclish

Any markets close to Nashville you serve that have homes under $185K that would make for good rentals? 

@Johny Omaga

That looks really amazing. Got me inspired to buy more beat up properties. I was debating on putting a bunch of 20% down on investments, but I would rather buy cash, renovate, rent, refinance, and repeat. 

@Evelyn Castillo

I saw your comment about your credit. Is there a reason why it is bad ( I mean I know there is a reason) But what are you doing to fix that? Credit in this business equals money. 

Now please don't let this Coronavirus scare you off, or let it. Like it is scaring everyone else off and I'm still buying properties. It is just a flu, not a world war. 

@Amanda Comeau

Honestly your CPA can help you, I recommend one that knows about our industry. That is the best route, you don't need a Lawyer to do one. Actually you don't need anyone to form one, you can do it online. But I suggest a CPA because they can talk about ways to maximize your taxes for discounts ( like depreciation) 

Also going to a CPA is a tax write off, so why not. 

Now starting a property management can have its benefits like finding contractions or workers that can give you a bundle discount. For example finding an electrician that can do work for lets say $45 an hour compared to $85 an hour, because you constantly find them work. 

This is the reason I hire property managers outside of where I live because I take advantage of their contacts. So if you're looking to start a property management company or grow one, start by growing your contact lists. 

And which ways are your looking at scaling your investment portfolio? Are you looking to put 20% down

First of howdy solider @William Eric Schaefer

And second hopefully you're tapping into the G.I. Bill

Now onto real estate, please don't worry about this coronavirus thing. It is not much longer that it will last ( at least for lock down) Probably just about a month left. 

Beautiful thing about section 8 is it is guaranteed money and the people receiving it don't want to screw it up. Because if they screw it up they will not receive it again. 

Also you don't need an LLC to be covered, you can purchase under your name and just have an umbrella policy.

Now yes you can go the construction loan route, hell the VA has a loan like that but that is up to 4 units. ( You may want to explore that as well)

And other investing types would be with other investors, private money, and hard money.  

Hello @Marcus Koonce 

What do you mean by investing in a organization? You don't need to spend a lot of money to know about this business. Hopefully you're reading some books. 

But you can always listen to podcasts or read forums or blogs. 

Now onto BRRRR, are you buying these properties cash and forcing appreciation? Or what is your take on buy and hold properties?

Do you currently own your home? Do you have a rental? 

@Chris Mason that wasn't a question, more like a statement. Actually it was more like a fact. So I suggest you read it again and get back to me. 

Don't you just love when people comment on your post that doesn't related to your post. lol Especially when they try to sell you something. 

Anyways moving on from that. 

@Belen Barocio

Well I was looking at Phoenix and Las Vegas, but those markets were hot. But hey maybe right now they are not so much. And obviously Colorado as I just closed on a house there a week ago. And WV, OH, FL. 

And yeah short sales can take a long time. 

Well @Pete Storseth that is good news. Hey never hearts to get a little experience. 

And hey driving for dollars is always a good thing, are you planning on wholesaling?