All Forum Posts by: Allen Brouwer

Not an option... I don't believe in going backwards... I like going forwards..

Same with anything else.. you go out and buy a nice car or toy.. realize that the payments are quite high and that you don't really need something like this.. but instead of selling it.. you look for ways to increase your income to not change your lifestyle.

Our mortgage and current housing situation isn't hurting us.. I just wanted BP to get the full picture.

OK BP. I've been reading and listening to the podcast and I'm ready to make a move.

Background: Wife purchased a home last year (before we were engaged & married) with 0% down with Agricultural Loan plan. We still owe roughly $240k on our home.

I have about $100k in a trust that I can use for our home or to purchase assets. ie. shares, investments, RE, etc.

The question that I have is this..

How do I leverage this $100k the best way possible?

We have been attending Tax Auctions at the County Court House to learn the process and find out what is needed to buy these foreclosed and distressed properties. They are "cash only" deals with zero contingencies allowed. Title Search MUST be done prior to bidding.

We're targeting small single families that need some work. Ones we believe will still stay within our Cash limit of $100k.

There are some properties we know we can move on, if we have more capital.. but even still... I'm quite nervous to put all my eggs in one basket (property) and tie up all my liquidity and potentially lose some of it.

So with this said, what makes sense?

- Buy, fix, and hold(rent) with a refi to purchase second, third, fourth?

- Buy, fix & flip.. 2, 3, 4 times then do the buy and hold?

- Put the $100K into our home and HELOC a down payment (this would take the short sales out of the equation)

I'm doing my best to try and wrap my head around the best strategy to take.. just need some help and guidance.

Thanks.

 Thanks for the warm welcome.

I will look into the REIA meetings

We are focusing in the Ocean County Area right now.

Hey everyone.. thank you so much for letting me learn from all of you.

Very interested in learning the real estate process and looking to make my first purchase very soon (like before October soon)

Things that I want to do:
- Buy and hold (rental properties)
- Flips
- Out of State Vacation Rentals

I would like to start with the first 2 then work my way to purchasing properties out of state later down the road..

My wife and I are looking to do this together. Currently we have some money ready to go with this, but before we just dump money blindly into one property or another.. we want to educate ourselves first.

Here's some topics I'd like to learn while here:
- Use our money or finance?
- Rent or Flip in our market? How to Decided?
- (my biggest) Learn from someone in the area, a mentor.

Thanks for listening, I look forward to connecting with you all!

-Allen and Lauren

#5 is a Great podcast... but really itching for all the spreadsheets you were mentioning.. 
could you put together a blog post or comprehensive list of all these? That would be awesome!