All Forum Posts by: Adam Francis
Adam Francis has started 4 posts and replied 9 times.
Thanks Scott! That’s very helpful.
Preparing to purchase an older commercial building that has some tenants currently. The building has been modified several times since it was built in 50’s and I need someone to help me determine the most efficient layout.
Am I looking for an interior designer, an architect, or someone else?
Post: Commercial Building Inspector
- Posts 9
- Votes 2
Anyone have a recommendation for a building inspector in the St. Louis area?
Post: Getting Started in Commercial Real Estate
- Posts 9
- Votes 2
Thanks @Tanh Truong! I’m sure I’ll be reaching out to pick your brain on a couple things. I just started on the podcast so hoping to grab some good info there as well.
Quote from @Louis W.:
Using the equity in your primary home to invest in a rental property can be a good way to acquire additional real estate assets. However, it's important to consider the risks as well as the potential benefits before making a decision.
One of the main risks of using home equity to invest in a rental property is that you are using your primary residence as collateral for the loan. If you are unable to make the loan payments or the value of the rental property decreases, you could potentially lose your home.
Another risk to consider is that, as a landlord, you are responsible for maintaining the property and handling any issues that may arise, such as repairs or tenant disputes. This can be time-consuming and costly.
On the other hand, using home equity to invest in a rental property can also provide a number of potential benefits. For example, it can be a relatively low-cost way to finance the purchase of a rental property, and the rental income from the property could potentially help to offset the costs of the loan. Additionally, if the value of the rental property increases, you may be able to sell it for a profit in the future.
Overall, the decision to use home equity to invest in a rental property is a personal one that depends on your financial situation and your risk tolerance. It's important to carefully weigh the potential risks and benefits before making a decision.
Thanks Louis! This is great information!
I own my home outright and was considering using the equity in my home to invest in my first property.
Good idea? It seems like that’s what most investors do with their properties but assumed there were some cons when it’s my personal home. Appreciate the help!
@Kris Kelley and @Connor Kapp Looks like there are a few of us. Would love to get together and hear what everyone is doing.
Post: Getting Started in Commercial Real Estate
- Posts 9
- Votes 2
@Brett Merrill Thanks so much! Appreciate the recommendations!
Post: Getting Started in Commercial Real Estate
- Posts 9
- Votes 2
Hello all! My name is Adam and I am just getting educated on real estate investing and looking to purchase some commercial property this year in the St. Louis area.
Looking for any reading material, videos, or podcasts (outside the BP one, of course) to expand my knowledge base.
Appreciate the help and looking forward to connecting with this community!