All Forum Posts by: Brian Johnson

Nice thread post Huy! 

I really enjoyed reading this.  When I do my first flip or buy another rental. I will have to do the thread post on my progress.

I leave 20% of my net cash flow for repair cost and use the rest for use or save for other investments.

Hello Matt,

Glad to see you are doing well and setting good goals. 

I own a few properties and have wondered what are the requirements you had to have to form your RE management business?

Good luck with your goals.

which site do you view?  It's been long time but I remember realtybid.com

with the weather we are getting in Kentucky I will be glad to see the area this December. 

Good luck with your venture.

Thank you Bill,

I have never done a 1031 E and just was told word of mouth 90 days.

I am glade to get more information on the topic.

@Jon Holdman undefined

Is right on the mark. If you are unsure how long you will hold the property I would be careful   with the loan contract. You can live in the property for 2yrs and avoid capital gains. Plus if you are primary residents than you interest on the loan is cheaper. 

The 1031 exchange option is you have 90 days after the close on the flip to invest into another property equal or greater in value.

I have done a In House loan back in 2010 that had 15% down an NO PMI! Check with some smaller local banks about a N house loan. It is good to develop a relationship with a local bank.

Great job Owen!  I enjoyed your story.

I live in Kentucky and met a property manager. They told me they started out without RE license.  I am a landlord and from my experience is it takes schooling of hard knocks.  If you know of any landlords in your area. Try and get to know them and maybe try to be mentored and maybe work out a deal to help out.  Keep in close contact with the owner in any and all issues that occurred with the tenant.