All Forum Posts by: Brian Johnson
Brian Johnson has started 8 posts and replied 221 times.
Post: Squatting on the Squatter

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
lol, that was funny! The nerve of some people. I know in some countries squatting is an issue but I had no clue it went on in the States.
Post: New to BP - Looking at Florida to reenter REI - Help!

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
thank you for the info. I will add it to my search
Post: Mortgage on a rental

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
Originally posted by @Jacob Elbe:
Brian,
I think the opposite is more common! The way you sweeten the deal is you do all the work and find the deal. There are a lot of people that want to invest in real estate without any of the headaches. So the partnership is structured so they get the loan and pay the whole down payment, but the deed is put in both your names and you split profits and expenses 50/50. Win-win for both parties!
A hard money loan works more like your example. In this case you're working with an investor more than a partner.
That sounds like a harder deal to sell but if that works it's better for me. I thought the investor would rather be the second hand lender of the property. That way they are free of any unexpected bills.
Post: Mortgage on a rental

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
Joe,
That is interesting advice. So I assume to make a deal sweet for a invester you pay all the agreed down payment and a agreed interest rate to the investor. In tern the investor holds the deed for the agreed term. that seems like the best and easiest offer.
Thank you for your input.
Post: Mortgage on a rental

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
Originally posted by @Joe Villeneuve:
Originally posted by @Brian Johnson:
what happens when you have the maximum mortgages allowed by a bank? (Which that is where I am at, based on a few loan officers have told me)
What is the next means of financings method that I should consider?
Partners with good credit that can get more mortgages.
Joe Villeneuve
REcapSystem
AREIC
What about the route of looking for owner finance? This is something I have been reading about on BP.
Post: New to BP - Looking at Florida to reenter REI - Help!

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
I have been focusing around the Bay Area. Mostly on the West side. The more I think maybe Tampa might not have what I'm looking for. I still like the idea of smaller communities that are walking friendly areas with shops and restaurants.
Post: Mortgage on a rental

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
what happens when you have the maximum mortgages allowed by a bank? (Which that is where I am at, based on a few loan officers have told me)
What is the next means of financings method that I should consider?
Post: Mortgage on a rental

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
I feel that in the beginning a 30 year is best. As you gain more properties and lower down the equity. You will want to go down on the loan term or even focus on paying off the mortgage to clean up the books.
Post: Any landlords shut your phone off at night?

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
I have my tenants saved in my phone. After 5:00pm I let it go to voicemail and listen to the message. I then determine if I need to call back.
Post: How old were you when you bought your first property?

- Rental Property Investor
- Oldsmar, FL
- Posts 238
- Votes 61
I was 23 years old.