All Forum Posts by: Brian Bradley

You are investing in long term rentals for cash flow so who cares how boring you found the process. You are cash flowing good job. Go do more boring deals for easy passive income. You want projects don’t go turnkey, do your own rehabs, etc and do that full time. It just depends on your strategy and time you have. On the options to keep getting more property, possibly take this year as a learning experience on being a landlord etc and getting your kinks and business in order so you Hebe smoother waters. If not, go look to refinance your mortgages and include the HELOC on the refinance and pay that beck then re-employ the money again. Or leverage your time and hustle to get deals and find equity partners to fund the deal. Then refinance and pay your private lender back in 12 months. Or consider seller financing etc Start getting creative with your financing. Read Brandon Turners book on creative financing and purchasing properties with no money down.

@Kevin F. take a JV position with an experienced note investor and learn what they do and why. You will generally be paying 50% of the investment, but you will the benefit of the passive income down the road, and the learning / evaluation experience. Do this for your first 3 deals. Learn how to analyze and calculate your ROI and create your own Notes ROI calculator. Then you will be able to see how much work it will take and how many notes you will need to invest to cover your living expenses. Like anything, if you want to just make a living out of investing in notes, you will need to create a systemized business and team. Full time investor vs part time. How much time do you want to spend? And can you afford the transition?

@Mark Hill talk to your attorney and CPA. This discussion is great for ideas etc. But you need to talk to the professionals that will be advising you. Your CPA and Attorney might be able to come up with other ways to structure your LLC to help you take advantage of tax's. E.g. having you as an equity partner. Just being a passive investor with new tax code will not help you. For tax advantages you now need to be an active member, which can be accomplished as an equity parter, but still not have you actively involved. Talk. to a CPA who specializes in REI's and a Real Estate Attorney.

PRICE REDUCED. Now asking $799,000 for a 6 plex multi family property. South Salem, Oregon investment opportunity! Cash flowing 6 plex 100% occupied and ready to go. Property features 3 attached garage spaces and extra tenant parking. Newer roof and some units have updating. 17 total beds, 6.6 total baths. See listing http://wvmls.paragonrels.com/CollabLink/#/?id=daf2...

Contact for more information. 

Welcome @Jay Krietzman 

https://ira123.com/ contact @brian 

@Brian Eastman he is the main guy on BP that sets these up. undefined

I have a client looking for a duplex to triplex around NW Heights Portland, OR 97229. Looking for a buyers agent who specializes in investment properties, is familiar with that area, and preferably has investment properties of their own. 

@Gary A. sorry. the book is Investing in Debt by Jimmy Napier. I wrote a forum post on books on investing in notes Check it out. And the note investing book that is coming on BP. And some podcast to listen to are The NoteMBA and The Note Closers Show. And then look at The note camp at  http://www.notecamp.live/?lipi=urn%3Ali%3Apage%3Ad_flagship3_messaging%3BbkK300rPRcqJcE%2B3xF%2FkUw%3D%3D  hope this helps. 

It is interesting reading your guys reply to @Gary A. I never once heard him say give me your calculator to use. But rather he is trying to put all his information he is learning into a ROI calculator, and like any profession law or real estate, medicine, he is new to this and he is looking for help or a template on how to actually do this so he does not create something horribly wrong and loose his investment. In the legal field we share legal forms with other professionals we know and vet all the time. I wish I could help Gary, but I am new to notes and building the ROI calculator myself. Their really is no such thing in help I am finding in the note investing game unless you personally reach out to some note investors and ask them if they don't mind mentoring you, having you take a JV position, and or even shadowing them on a few of their deals to learn. but simply asking on these forums will not help you understand what to actually input. You will find most tight lipped, and then a few really good guys and gals who don't mind helping a newbie. But good for you to think about the next stage of evaluating notes to be successful. I find most of these peoples replies to be obvious answers. Obviously every market and investors strategy is different. That was not his question. He is now trying to accurately place what he has learned into a ROI calculator so he can properly invest. Hit me up on IM Gary in a few months after I get a few notes under my belt and my own ROI calculator and we can compare. Its a lot different then investing in physical property and getting info in this game. I have found a few good mentors that I am working with. As well as great books on investing in notes and podcasts. Check out the book investing in notes, and look for podcasts for note investing. Great free information.

@Dillyn Davidson Saurdiff yes, their are special laws. You are a landlord so have to comply with land lord tenant laws even if renting a bedroom and house hacking. Talk to your CPA and attorney to set up yourself for taxes before you rent, and with an attorney to get your rental agreements etc all in place. @brandon 

@Brandon Turnerundefined wrote a great article about this and had some very good podcasts to get you going. https://www.biggerpockets.com/renewsblog/2013/11/0...

Here is a good handbook to go over also. https://multco.us/file/9038/download

You are going to be answerable to the Fair Housing Authority to most extent, but will have some freedom, but you are a landlord, take money, not just a roommate. So Laws will still apply etc. So just do things by the book. But don't let it bother you. Just be a good landlord. Don't discriminate, have the house safe and clean. Outsource the things you don't want to deal with to PM. Have rent paid to your property manager and have them pay you. Heck, don't even tell your tenants you are the owner. Just be a renter also so you don't deal with their problems personally. But you have to have a safe and habitable place, and get insurance to cover renters. This is a very big vague topic to cover so if you have specific questions IM me.