All Forum Posts by: Account Closed

@April White no question. Get a CPA if you want to turn this into a serious business. GL love that deal.

@Juan S. personal until you max out the 10 or so—- if you have a partner get them on board. I just bought my first 3 in a new state... so far so good. 6 more to go before my spouse will utilize the next 10 before we go commercial. Can’t be fannie mae. But can’t complain if you have commercial either honestly.... what really is the difference between a point or two in a great deal?

@Phil Sharp the question is—- why not both?! Find the area sir. Tuscon hint hint.

@Alyssa Kroeker the applicant- don’t pay for something to make them feel “comfy.” Get ready tho, the realtor will reach out to you like he/she went to law school and expects a charge out rate of 1 months rent for signing a piece of paper lol.

@Jonathan A. No way. You do not owe them squat they signed the contract! I also hope you are countersuing as well for breach of contract, and damage to your reputation. Put their feet to the fire for being terrible partners. And even if you did charge more than fair amount for services and job’s, any joe blow can make an “estimate” in your line of work... Trust is invaluable sir.

Yeaaa no. I wouldn't. 

I spent a $100 this morning on one breakfast... hopefully that makes sense to you. 

Originally posted by @Brian Mcmenamin:

@Account Closed I think you are making the right call Ben. I also think Oregon and California markets will be the hardest hit. Beaverton isn't a bad spot though. I have some family in the area. Can't beat those PACNORTHWEST Summers

 They usally are if it happens, but bounce right back with vengeance. They are beautiful for sure. Also, wife is a Nurse so we are all set "if"

I just owner financed all of my sf property's with 30 year notes and am buying a little townhouse in Beaverton, Oregon. Not bad---- 15% down and tripling the sales price. This market is going to get ugly I believe 2019-2020. Alot of private debt, and corp debt coming due, but and refinancing at 2-4% higher interest rates, all bad, from the cheap money the past 10 years. Ray Dalio and the big guys, look at what they are saying, and doing. 

I agree as well with @Jay Hinrichs If possible--- owner finance the deal as well to earn some trailing $--- 20% down and some cash over time is great. IMO.