All Forum Posts by: Vidal LeClaire

my name is Vidal I currently have partner who ezcelent credit, great history with her bank, only problems is she has a mortgage on her condo. The bank says her debt to income will be too high and won't give her anymore money for any deals we find. Currently we are looking for 4plexes and up. I would like sum insight on sum strategies to leverage her credit and money (access to about 25-30K in credit cards) to pay for a down payment on a 4plex or better. I was thinking of telling the seller we have 20K to put down, and keep the rents until the rest of the down payment is paid off and we do seller financing from there. Is this a good idea? Or are the better ones to use?

Me and my partner are thinking about starting a parking service. Maybe buying a condemned property and turning it into a parking lot or buy and existing one. Is there anyone in bigger pockets that has went threw this acquisition process? What is the best route to start out something like this? Is it as profitable as it seems to look? I am an eager investor ready to start something great. Please help me out with knowledge and insight....thank you. 

~Vidal~

partner items a condo and pays a mortgage on that. We are trying to purchase a duplex or 4plexe

my business partner has great credit but not enough income...bank is acting distant about giving another mortgage. What are other ways to come up with money for financing duplexes and 4plexes? Should my partner get a loan and use it as a down payment for a owner financing deal? Or should we go get hard money...I know that's not good for buy and holds although

i want to start marketing towards older people who gave their homes to children or other relatives. Should I send a letter to every nursing home asking to buy their homes? What is the best way to target older folks? I am looking to buy their homes and or apartments?

@Account Closed That's real insightful thanx for explaining that.

 That's puts it into the light a lot more thanx. I did mean cash on cash your right...

i know its good to use leverage when buying multifamily, why does the cash flow increase when debts is used. I am trying to wrap my mind around how an extra expense (debt) increases cash flow. Please leave comments below thank you 

appreciate the feed back and advice thanks

what is the best way to promote / market your business via Twitter and Facebook? For example... "Better Living" or should I include the LLC "Better Living LLC" in the name?

Twitter: better living properties or better living properties LLC?