Rental Property Investor · Montgomery, AL · Member since 2020 · 29 posts · 18 votes
New to bp,in montgomery,al,current have 1 rental property,looking to learn different ways too get more rentals thru private lending,portfolio loans or any other different ways
Investor · Tampa, FL · Member since 2019 · 80 posts · 17 votes
6y
All Newcomers Welcome,
This is a great tool to use when looking to get into the realm of Real Estate Investing and for most of us that's our investment vehicle to obtaining Financial Freedom, I wish everyone the best of luck if anyone has any questions about Real Estate id love to be able to help!
A Few Tips:
Practice Using The Calculators
Listen To The Podcast (#300 is a good one for new investors)
Rental Property Investor · Escondido, CA · Member since 2017 · 679 posts · 550 votes
6y
Welcome @Kevin Freeman Do you already work with a provider in your area? If not, let me know. I am happy to introduce you to a friend with a great organization that covers most of Alabama
New to bp,in montgomery,al,current have 1 rental property,looking to learn different ways too get more rentals thru private lending,portfolio loans or any other different ways
Hi, Kevin!
Congrats on your first income property!
Just want to add that there are two levels of "private lending".
The first level is people who are in the business of lending out their own money. They're really just another type of hard-money lender.
The second level is people you know who have money in retirement accounts and they're looking for better returns with less risk and less volatility. Once you've learned about self-directed retirement accounts you can teach them how investing in your deals will provide them with better returns and - and this is the big one - less risk because their money is secured by real property, unlike the stock market where money simply evaporates due to situations beyond the stock holders' control.
Again welcome to BP and to REI!
I can also help you find some REI education to help prevent you from losing a boatload of money through your own mistakes. Most "School of Hard Knocks" people who lose money on their early deals lose enough to pay for their education between five and seven times.
Rental Property Investor · Princeton, MN · Member since 2020 · 13 posts · 9 votes
6y
Welcome, Kevin. You are already a step ahead of many with already owning a rental property! I've not been a member here long, but find myself constantly learning and networking. I'm only scratching the surface with all of the forums and educational material here. If you are willing to dig a bit, one can save a lot of $ as opposed to buying RE programs and enrolling in classes. Good luck!
Rental Property Investor · Montgomery, AL · Member since 2015 · 93 posts · 95 votes
6y
@Kevin Freeman welcome to BP. Happy to share my list of contacts from contractors to agents and insurance for Montgomery. Send me a private message or email. We have 30+ properties in the Montgomery area currently.