All Forum Posts by: Andrew Davis

Hey @Juan Pardo ,

Welcome to BP and it's great to see another Orlandonian (not sure if that's a word:) here on the site!

I second what @James Wise said, sounds like you have a great skill-set for REI.

If you haven't already, check this out (it has helped me tremendously):

http://www.biggerpockets.com/real-estate-investing

I am actively investing here and love to talk RE, so feel free to reach out anytime.

Hey @Danniell Johnson ,

I don't, but I'm sure you will have no trouble finding one on here.

One suggestion:  Have your criteria really nailed down and that relationship will be much more fruitful.  I've developed a great relationship with my investor/realtor here, and a big part of that has been really knowing what I'm looking for.

I had no idea when I started, but learned a lot here:

http://www.biggerpockets.com/real-estate-investing

And on the podcasts:

http://www.biggerpockets.com/renewsblog/category/p...

Best of luck Danniell and feel free to reach out anytime!

*I think you've received some great feedback*  

Geez, and I wasn't even typing on my phone, time for another cup of coffee...

Hey @Brent Thurn ,

I think you've some great feedback from @James Wise & @Pat Danaher , my only thought would be bringing the repairs back to the seller and asking for a reduction.  

I'm in Florida as well, and block is definitely preferable.  Keep us updated!

YES.... NO, I don't know!

A home loan for a personal residence doesn't produce income in the classic sense.

A 0% APR car loan doesn't either, but with inflation adjusted dollars you are paying less each month for the car.

If the debt works to offset a tax obligation which would end up costing more than the debt, then is it really debt?

I have always been of the mind that debt is only to be used for appreciating/income producing assets, but I'm open to being rebuffed.  It's a great discussion, interested to hear what others have to say.

Hey @David Zachery 

My wife and I are in exactly the same situation.  After much shopping and reaching out for referrals, we've found a local mortgage broker who works with investors.

Our issue was the 2 years worth of tax returns.  He found us a loan program that will go off one years tax returns, and we are able to use 2014's returns alone to qualify for the loan.  Now, this means we will be paying some taxes, as there are certain things we've chosen not to deduct in order to show the income needed to qualify.

Hope that helps!

Hey @Bryce Jamison ,

Welcome to Bigger Pockets! You've found an amazing REI community, and will learn much here.

You'll find some good info about the site here:

http://www.biggerpockets.com/starthere

And a great guide here (it has been extremely helpful for me):

http://www.biggerpockets.com/real-estate-investing

The podcasts are an education in and of themselves, and a great way to spend time in the car, or doing mundane activities:

http://www.biggerpockets.com/renewsblog/category/p...

Great to have you here Bryce, feel free to reach out anytime.

Hey @William Allen 

I feel the same way about BP!  I really started delving in about 6 months ago and feel like I've gotten an amazing education.

Would you mind sharing your lender contact??

@Kevin Williams 

I know that I know that I know that feeling!  There's a small apartment building I drove by several times before I stopped, wrote down the address and found out everything I could about it online.  Turns out the owners live in New York (apartment is in Florida), I've sent them two letters now and will keep it up til I hear something.

Here's what you need to know:

Who owns it 

You can find this out on your local property appraisers website.  https://www.sccassessor.org/

If they owe any taxes on it.  You may have to do a bit of digging through that same site in order to find this, but it looks pretty user friendly to me.  You can also call the local tax office and find out.

If they're local, think about paying them a visit!  My partner and I found a duplex the other day, looked up the owners records, and we're just going to drop by this week and see if she'd be interested in selling.

If they're too far away, follow 

@Bill Jacobsen 's advice and send them a letter.

Good luck Kevin, I'd love to hear how this deal progresses!