All Forum Posts by: Brad Tisdale

thanks @Rick Pozos  great point...to find a way to benefit from this even if it isn't something that will work out for me right now.

@Ned Carey you hit the nail on the head!  That’s the small voice in my head saying take it slow...no FOMO...hey that rhymes:) the deal is just ok not fantastic, so I probably need to check myself on this one. Thank you for seeking the best for a newbie stranger! Would be a bad deal to get overextended at this early stage. 

@Andrew Freed thanks for the book recommendation. I'll pick it up and thanks for the encouragement to JV. I think I know that at some point I'm going to have to share equity but am trying to determine how early to get into that.

Not yet Scott. They are fairly recent purchases and some are still undergoing rehab, so not a ton of equity build yet. 

Hello BP! I need your advice. I'm fairly new to the game, but looking to scale. I'm a buy and hold guy (own 5 doors now), but have burned through my free cash. I've found some off-market properties (a triplex and a duplex) that I'd like to pursue. My question is: should I consider a private lender for the down payment? Since these are long term deals it will be harder to define an exit for the private lender, but they will get a preferred interest rate. Per @mattfaircloth, I should try private lending before private equity deals just for simplicity sake at the start of this journey. In this scenario, the private lender would be coupled with traditional financing from a bank, so LTV would be relatively high, but they would still cash flow at my desired metrics. I'd appreciate any wisdom you may be willing to share.