All Forum Posts by: Tyler Patterson

So I just bought a four-plex and found that every rented unit has an occupant thats not on the lease. That's a seperate issue that's going to be handled eventually but the big issue is I suspect that an occupant in one of the units is dumping large objects next to and inside the dumpster (ie doors, mattresses, an elliptical....) that I then have to move out and pay to send to the dump. I have purchased an Arlo camera so that I can find out for sure who it is but I'm not sure what I can do legally once I find out if it is the occupant I think it is. Any advice? 

Hey guys,

So I have a deal under contract using an FHA for a house hack. It's a great deal with a pretty good amount of cash flow. The only problem is I don't have the funds for all of the closing costs. Does anyone have any ideas on how to get the money for closing costs with a 60 day close?

Hey everyone!

So I am coming close to having all of my consumer debt paid off so I can start saving all the money I can to put into rentals.

I’ve been tossing the idea around of buying a duplex and doing a house hack but I’m also considering just saving up more to begin with and doing a normal duplex rental with conventional lending.

Just as a little bit of extra information I’m a single 20 year old who works overnight in EMS.

Does anyone have any opinions on what route would be the better option for first jumping in?

Hello everyone. I just want to both clarify my understanding oh wholesaling and also ask a question about one of the steps.

So here’s my current understanding of the process.

Market for a distressed seller—> begin networking with potential buyers—> find a property that is a good deal—> put the house under contract—> give the info to a few of your buyers at a marked up price—> sell the house to the buyer at the marked up price and take your profit/ or be unable to find a buyer and back out of the contract.

My question is about the contract part of the process. Where do I find the appropriate contract and how do I make sure I am doing everything legally? And does backing out of a contract cost anything?

I hope this question makes sense and is not too convoluted. Thank you all in advance!

Does anyone use whole life insurance as the infinite banking strategy for their real estate deals? I'm trying to decide whether or not I should use it but there's so many people that say not to. I'm not sure what to do