All Forum Posts by: Austin Webb

I’m looking to make a good first impression when networking with the “big dogs” of real estate and show that I’m worth their time. My goal is not to manipulate people into thinking I’m a genius (I’m quite the opposite), but to make a good impression asking stellar questions and learn as much as I can from the conversation. What’s your favorite question to ask/be asked? 

 @Tesho Akindele thanks so much for the response! I appreciate your insight, that makes a lot of sense 

I have a very newbie question. So I understand that if you find a deal you will find the funding because people like money, but I’m wondering what I actually do when I find a property prior finding a partner. Do you submit an offer and get it under contract and hope for the best? Or do you just say “hey cool person, I found a deal do you want to help me out with a down payment and split the profits?” In the second instance I don’t see anything stoping them from just doing the deal without me. I feel like I’m probably worrying about this too much but any input would be greatly appreciated.

@James Holland great information, thanks! That makes perfect sense I guess I just was just too focused about getting a deal and not worried enough about what I'm going to do for future deals

@Jaron Walling thanks for the response! My wife an I plan on living here for quite some time and we’d be going from a 4% interest rate to about a 2.65%. I guess what I should really ask is whether a refi is a good way to finance a deal or if using other people’s money is better for starting out 

I’m new to the investing world and am currently doing a house hack where my roommates pay most of the rent. I am in the process of refinancing so that my payment will be lower and roommates cover rent completely. I’d like to buy rental properties but I don’t know what the best option is for acquiring capital. Is it better to do a cash out refi or refinance and then get a heloc? Is this allowed? Can I do both? I’m very new to all of this so any insight is greatly appreciated.