All Forum Posts by: Brian Bradley

You will not be able to predict when and where or how bad, how large etc. What you can control is the deal you get on your investment and making sure you get a deal that still is a good deal even in a correction. Don't over pay. If you can't get a good deal and are overpaying in your market, then a correction can really hurt you. So purchase and hunt for good deals that are good deals now and later. That may mean you have to go and hunt for other markets and not just look in your town and state. I live in OR. It is very hard to find good deals in OR now. Like most investors in OR we now are looking in other areas for not just good deals but great deals. 

Look for other lenders, large, small medium. Local banks, and credit unions, etc. You each have one loan, and your not married. So not even close to 10 mortgages. Ask about both typical home mortgages, and HELOC. Another option is to create an LLC and partner up with your fiancee and think long term. Then notify your lenders that you are going to transfer title to your LLC. Have an attorney draft up the incorporation papers and partnership agreement, Talk to your CPA about tax issues and best structure for your business plan, and have attorney transfer title of properties to LLC and put both investment properties in the LLC. You can then show experience in the REI industry since you both have investment properties, and have existing mature assets in the LLC. Banks then could see you as a more secure option and give you business line of credit. and you have now executed a viable business plan that banks can see.

RARE Portfolio listing / project listing for a homebuilder and/or developer looking for a new project. Are you Interested in acquiring property with a future development angle?  2 cottages exist on the 1.04ac already, with potential to add up to 29 more units! Located in South East Salem, Oregon. The City has approved zoning change to allow MF according to development packet. There is also plans drawn up for 1/1. Can also pursue 2/1 - 2/2 with maybe a mix of 3/2. Property Listing is below. Contact for more information and to see the Development Packet that was filed with the City.

http://wvmls.paragonrels.com/publink/default.aspx?...

Talk you're CPA first about your goals and finances. Then once you know how that is effected they will give you a tax strategy and options of incorporation to help. Then go to your attorney and have the incorporate the property structure in tandem with your CPA. The both must work as a team. Your attorney is NOT your CPA so will know nothing of your tax's and financial history and goals and can't advise on that. Your CPA will. Then the attorney will take that information into consideration with the legal side of matters. SCorp is great for overall structure of business. LLC's are great as holding companies. It all depends on your finances, tax's, short and long term goals.

Go and talk to an asset protection attorney and CPA to properly structure your goals, needs and protections. the corporate veil will be pierced if you commit fraud, undercapitalized you business, or don't follow corporate formalities. Small closely held companies are more susceptible to this since you're name is on everything you sign and are more likely personally liable to creditors and contractors, and its easier for small LLC's to commingle assets. A good asset protection attorney and CPA will help solve this and teach you how to manage all your interests as separate entities.

Have one attorney, like you have one general CPA. But then use a closing agent and or attorney in that state and county where the deal is closing. You should have a general attorney that you use for your deals with your investment company that works with you and your CPA to oversee you're overall needs. 

Contact an attorney and have them send a demand letter for damages and breach of contract. You have already tried on your own. they will just blow you off. If you have reached out to an attorney, follow up with them in writing and hold them accountable to respond. If they don't respond, then find another attorney. If you don't want to use an attorney, file a small claims amount for the balance. But don't cash any check if it is not the full amount. That can be determined to be full accord and satisfaction of a disputed amount. 

Don't name anybody by name in a public forum. True or not. Just don't do it. Not worth the heat. 

Great book. Must read to get your thoughts running on what to ask your CPA and Attorney. 

I was listening to a podcast on BP about passive investing and purchasing underperforming notes and secondary notes. It blew my mind and I became obsessed with the idea of buying notes. I have been obsessively diving into this alternative investment strategy so that I have more tools in my tool bag.  

But, that then begged the question, how to get educated and what books are worth the time to read. The sad thing is not many people even know about investing in notes, let alone actually invest and are successful investing in notes. Those that are tend to keep their cards close to their chest. I hunted down experienced professionals whose business solely is investing in notes and read the books they recommended. Here is what I found to be worth the read and homework before investing in notes.

• 1. ebook Introduction to Note Investing by Dave Van Horn found in BP – thanks  @Dave Van Horn
• 2. Win-Win Revolution - by Bill Bymel – thanks @Cody Cox 

• 3. Real Estate Note Investing – by Dave Van Horn
• 4. The Bankers Code - by George Antone
• 5. Invest in Debt - by Jimmy Napier
• 6. Unlimited Wealth: The Theory and Practice of Economic Alchemy - by Paul Zane Pilzer
• 7. The Worldly Philosophers: the Lives, Times And Ideas of The Great Economic Thinkers, Seventh Edition – by Robert L. Heilbroner

The books are based around first the initial foundation and fundamentals of what is a note in its most basic form and how to invest in notes and what to do with them. Then progress to how to structure a business around investing in notes. This is a personal business.  Then to overall structure of money, where does it come from? Where does it go? How money flows and the basics of finances and economics to better understand the banking and mortgage industry. The added bonus, the books are very easy books to read. Start here, and build your foundation so that you are educated and can communicate to other note investors and possibly find mentors. But do not jump into this side of investing without first building a sold foundation.