All Forum Posts by: Bob Couture

Hi Marc,

I don't think there is any easy way, but seller financing may be the very best option to negotiate. Read Brandon Turners book. Title is to long to type ;-)

- bank loan will get you best rate if you have great credit and a W2 job. Expect 30-45 days to get that in order so look at pre-approvals and shop around

- hard money may not be the best idea for a buy and hold unless you are just using it as a bridge loan to buy, renovate, get a tenant, and refinance with conventional

- private investors are great if you have the relationship and can get good terms

- family members can be a good place.

- Self Directed IRA is good, but comes with a lot of restrictions. I used this avenue for my first purchase. It worked out for me, but was not easy.

- Partner up with someone with cash or good credit.

- Negotiate seller financing.

Create your luck by taking massive action!!

Daniel,

IMO in the Springfield metro area you invest for cash flow. So like many of the others just said, if your numbers work for cash flow then you consider the investment. Investing for the business development speculation is like investing for appreciation ... it should be the gravy, not the strategy. Springfield has failed at revitalization for nearly 4 decades so I would proceed with caution on the casino being the answer. Don't get me wrong, I am investing in the area with slightly more confidence because of it.

Good luck!!

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Hi Reginald,

Did you explore the BP "Resources" tab on top. There is a "Hard Money Lending" link there. Google Iron Bridge Lending out of Oregon. They are lending nationally. Best bet is your local REI contacts will have the local guys that will be more comfortable lending in NC. Good luck!

I used to subscribe to sites like that and got no where. You can almost get the same info from Zillow on their pre-foreclosure leads and it is free. I have placed more energy on networking with realtors that are foreclosure, HUD, short sale, REO specialists. That has gotten me more quality leads that I have put offers into. Good luck!!

Thank you Joshua! It is in the talking stage right now and more importantly it won't happen until the ruble bounces back.

How do you structure your Quickbooks for real estate investing? More specifically, how do you track profit and expenses for each property (by classes? customers? rentals?) What is a good resource for Quickbooks that is REI friendly?