All Forum Posts by: Anthony Clayton

@James Sims Thank you. 

@River Sava I did some fix and flips, multi-family (2-4 units) investing. I looking to BRRR and long term hold on commercial property (office and retail).

Hey everyone. I am looking to return to investing after 10 years on the sideline. I am looking forward to connecting and learning the new landscape of investing. Please add me to your contacts. 

In my opinion, the value of having a real estate license is the data and the extra tools they provide to Realtors. When I say data I'm not referring to the listings. I'm referring to the economic and market data. I find it very useful when I am investing.

I would move up to buy a larger multi-family building using 1031.

You absolutely can. In my opinion the hurdle will be if you have buyers that are willing to purchase in that area.

So the bigger question is are you willing to build a new database?

You can go to google and type Chicago in google maps, and then in the search nearby area type in hard money or private money.

FYI...you will need to invest at least 40% down from the purchase price. You might be able to get away with 20% down and a seller carry of 20%

I would sell the house and use a 1031 exchange to purchase a multi-family house in California.

The reason I say California is because you live in California and you know more about the area.

Brandon,

Have you thought about just using your friends and their friends and creating a private money group on your deals only? I sample agreement could be

10% interest rate
2 year term

With this you could get the property with no money down and your investors are protected and they receive a monthly return on their money.