All Forum Posts by: Brandon Rush

Zach, 

Welcome to BP! Very exciting to hear you are looking to get into real estate. I would recommend you start with the following process:

1) Read a couple of fundamental real estate books such as The Millionaire Real Estate Investor by Gary Keller and the ABCs of Real Estate Investing by Ken McElroy. Reading these books will give you a base understanding of how real estate investing works. This will also allow you to have more specific conversations when you meet other investors instead of approaching them and asking questions such as how do I get started in real estate

2) Attend local meetups. Start attending your local meetups and building relationships with other investors. The more others see you and get comfortable with you the more they will be willing to help or work with you in the future. If there is not local meetup start one! You can also attend online meetups which you can find all throughout the BP events section. Also while at these meetups, see where you can bring value to other investors. Identify the handful of things you are really good at and see if you can help another investor who may not be so good at them. 

With just those two steps, I believe you will find what you are looking for. It's going to take a little time, but as you will learn, its all about relationships.

Good luck on your journey!

Alex,

You head is in the right place! I would recommend you start attending your local investor meetups. You will learn so much from being around other investors. Also, you will hear many of their pain points and determine where you can bring value. Also, at many meetups there is a segment where everyone states their names and something about themselves. This would be your opportunity to put it out into the world what you are looking for. You will be surprised at the outcome. If there is not an investment meetup in your area, start one!

Good luck on your journey!

Hey Trevor, 

While you can guess what appreciation will look like in a few years, nothing is guaranteed. Your plan does make sense if everything continues to appreciate for 7 years at 2%, but you never know. One way to ensure appreciation is to force it, instead of waiting on it. Buy something that needs work and is under market value. Get it fixed up and boom, you have forced appreciation and equity immediately instead of waiting 7 years. If you have not already, I would recommend reading the Millionaire Real Estate Investor by Gary Keller. Phenomenal book all new investors MUST read!

Good luck on your journey!

Hey Tori,

You could refinance the property and put it into an LLC. You could also quit claim deed the property into an LLC, but since you are now on the radar, I would not recommend it. To be honest, its probably not the end of the world if that property stays in your name. Just make sure you have good insurance/coverage for that property. I am sure there are many opinions on this, but thats just my 2 cents.

Good luck!

This event is for agents, investors or others who themselves or have clients who would be potentially interested in purchasing the Armory

Please make sure to RSVP via the following link: https://www.eventbrite.com/e/3...

The offering memorandum for The Armory can be found here: https://www.dropbox.com/s/dgzi...

How much do I need to put down?
What credit score do I need?
Do I need to live in the property and for how long?
How much will closing cost be?
Will I lose my deposit money?
Do I need an attorney?
WHERE DO I START???

For all my future homeowners/house hackers, here is your opportunity to gain clarity on the steps necessary to purchasing your first home/owner occupied property (1-4 units). Come to the Cozzi Team's in person First Time Home Homebuyer Seminar.

The best time to start is RIGHT NOW so stop sitting on the idea of purchasing your first home and make it happen.

The steps here are simple:
1) Come Learn
2) Ask Questions
3) EXECUTE

You will not be left hanging as I can be your resource to help with that execution after the seminar. Don't think too hard, just show up! This may be the best decision you have ever made...

Register Here: https://www.eventbrite.com/e/f...

Hey Nicolo,

A home equity loan is a loan of a certain amount that is paid out to you at once. A HELOC is basically turning the equity in your house into a credit card, the HELOC is not in use until you use it. Also with a HELOC, you can repeatedly use it like a credit card. You pay off the balance of your HELOC and the funds are available again for use. With a Home Equity Loan, it's generally a one time event and can probably be repeated, but you would probably be going to the bank and re-applying for it every time. My recommendation for most situations, go with a HELOC.

Hope that helps and good luck!

Hey Mike,

If you have the P.O. Box, then use that. Someone coming with a shotgun is definitely an extreme case. The truth is if someone wanted to find you, they will.

Hey Arthur,

I think it all depends on your goals and your investing strategy. If you are looking to buy and hold, getting a mortgage and using those funds to acquire a cash flowing property that may cover your mortgage may be one option. If you are looking to get into flips or BRRRR's, the HELOC would be a better option as you can deploy those funds and get them back after a period of time, and then repeat the process over and over. If you were to go the mortgage route, you should have a plan in place for what you will do with that money. If you don't, it will sit in a bank account and lose value as you gain .02% interest. I personally think there is more flexibility in a HELOC and you can always refinance when the time is right afterwards.

Good Luck!

Hey Kaitlin,

Interesting situation you have here. When you say "potentially" do STRs at your current place, are you sure its allowed? I am an avid fan of multifamily house hacking, but see people doing very well who have a single family with an ADU or in law suite which they Air BNB. The only downside I see if if your town does not have regulations for Air BNB and they put a stop on it in the next couple of years. Then you are stuck with a single family liability.

Have you considered buying a multi, that you can house hack and Air BNB at the same time? This is the trifecta in my opinion: 1) You save on living expenses by house hacking 2) You make more income if you Air BNB out a unit instead of long term renting it 3)You can always go back to long term rentals if regulations kick in and do not allow Air BNBs. 

In the end, there is no right or wrong here, it's really based on what's possible where you live.

Good luck and make sure to post back with updates on what you decide to do!