All Forum Posts by: Tyler Bundy

@Tyler Bain I'm a local agent and investor. I would love to chat if you would like. Let me know!

@Jarodd Butler Welcome!  Like Matthew said, if your single House hacking is the way to go! I will have to admit that i have thought back many times to before i was married and had 3 kids that if i could have done it again that would be what i would have done.

Condos could be good could be bad... the thing you want to watch out for is the association and how often the increase the dues... they tend to cut into your profits.

Hi @Grant Francke Im local real estate agent and investor. Let me know if I can help in anyway!

Welcome @Melissa Davis this will be an exciting journey 

OK Thanks for taking a minute to answer this question.

I was making calls to landlords on craigslist and asked a guy if he knew anyone that would be willing to sell their rental and he indicated that he would be interested. I asked if he would consider Seller Financing and he said yes again... My question is at what price would this be a deal that i should consider? Here are the details:

Locations is great and right off the interstate.  B neighborhood

This is a 4 plex with but only with 2 meters ( was a duplex converted to a 4plex )

rents $650 + $75 (garage), $650 +$75 (garage), $750, $750 = $2,950 per month

He said he thinks its work $275 - $300k

furnace and a/c are newer units, he said it might need some exterior paint

here is a link to it on Craigslist: https://omaha.craigslist.org/apa/5667884841.html

This could be my first rental property, I want something that is low maintenance, something i can get my feet wet with and am willing to take lower cash flow. On top of that... Seller Financing is the only option for me at this point to build my portfolio as i don't have the capital or LTV. Thoughts?

The Short answer is this: While you are correct that you would be paying down the balance of the mortgage you would not however be in a position to pay for any surprise that might come up and need you attention and you money... Ideally you want to stash some of your cash flow for a rainy day.

@Ron Sheehan Im a local Realtor and investor in Omaha, Would love to partner with you or help in anyway. Welcome to BP and hope to hear more from you!

@Jared Olson how long have you been investing and what is your specialty

@Matt Morgan thanks for the offer... I'll ask you the same thing.... how long and what's your specialty?

Good question, I think the most obvious answer is that I'm looking at, pricing, and over around houses and this industry all day everyday. When it comes to pricing though that is probably the biggest advantage... I know what I'm looking at. then you also have the ability to sell the houses you flip on the mls for only 2.4% which means you would sell your house faster and save money in the process...

hope that answers your question. If you have been considering it would love to meet and share a little bit about Keller Williams, which is the company that I hang my license at...