All Forum Posts by: Tom J.

Jeff,

Brilliant and super helpful.  

Jeff,

Thanks for your speedy reply.  Makes sense.  Thank you.

Hi All,

I am planning to buy several real estate properties.  I have enough cash to buy them, but I have a bit of a unique situation.  I have seven figures in wealth (cash and equities), but I have made my businesses super tax efficient such that I have only about $20,000 AGI for tax-reporting purposes.  Everything is in IRAs, 401Ks, etc.

So for purposes of getting a lender?  I don't show much income.  I have heard there are mortgages that you can get that are tied to your assets rather than income.  Does anyone know about these?

Would I be way better off to just get a family member with a more traditional financial profile to just cosign the mortgage (in terms of interest rates).  

Thanks for any perspective you can provide!

Hi Everyone, I am planning to scale up buying properties to rent.  I have enough cash to purchase several outright, but would like to eventually pull out equity to then buy more properties.

I want to ask.  Is it better to just pay cash, get them rented, then refinance?  Or get a loan from the start?

Hey Everyone.  What do you think about buying real estate without using a real estate agent?  Especially for simple properties, I don’t think this is all that complex. 

The trick is you need to get in to see the properties. You can ask the seller’s agent to show the property to you, but then would they ask for more than the 3 percent commission they usually get from the seller (since they did a big of extra work)?

I am planning to scale up buying properties to rent (using cash), and am not too keen on having an agent gobble up 3 percent when I haven’t found them to be hugely value-added (unlike the inspectors whom I swear by). I welcome your thoughts.

If you are still looking, we found a guy last year who did a great job at a bargain price.  Just IM me.