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22 September 2019 | 13 replies
I would like to invest some money in rich uncles while I am waiting to get enough together to buy my next rental has anybody heard of these guys and could you give me any advice Thanks
6 February 2016 | 4 replies
And I was trying to get a traditional loan where I was putting 20% down!!
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6 February 2016 | 9 replies
I'm listening to the BP podcasts daily, reading everything I can on the forums, researching terms I don't understand, reading a rental property book, looking into getting my real estate license (even if it just helps me to buy my first property) and I had already read Think and Grow Rich twice last summer.
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4 February 2016 | 5 replies
Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!
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3 February 2016 | 3 replies
If I had earned as much money as experience I would have been rich.
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3 February 2016 | 2 replies
There are also of course the traditional "fleshworld" sources of finding competent lenders:* Friend/family referrals that closed with a particular lender, esp those friends and family that we think have difficult or imperfect credit/income/asset situations. * Realtor referrals.
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11 February 2016 | 16 replies
I won't be house hacking or moving in the next 10 years so traditional loans for me. 20% down in my market, south Riverside County, is brutal.
3 February 2016 | 3 replies
Fast forward a few months and I just picked up that old book called Rich Dad Poor Dad because honestly I was just getting tired of eBay, I know I can do greater things.
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4 February 2016 | 2 replies
@Cindy S.Check out the RICH club.
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14 February 2016 | 27 replies
Here are the key questions to think through before you get it going:1) what do you want to buy2) how much can we afford3) how will you pay for it 3) what are you going to do with it afterHere is how we tackled this challenge:1) Find a reputable and responsive agent to work with: we worked with @Sharon Tzib2) Get pre-qualified with a good and local lender that work with investors: we usedd Rochelle Frazeur from New American. 3) Use some good MLS criteria to set up lists with your agent3) Find out how to identify a good deal: We got our hands on some good cash flow analysis calculators (thanks to @Sharon Tzib) and we used the calculators on BP as well4) Make neighborhood visits to those areas of your interest5) Find other venues to meet up with other investors or go to workshops and meet up's: We've attended BP meet up in Houston, events with Jet Lending, meeting with Wholesalers, and we've met one-on-one with other investors6) Look for non-MLS sources to find properties for sale: wholesalers, and local listing through Rich club or word of the mouth7) Talk to the property manager if you are planning on using on.