All Forum Posts by: Joel Davenport

@Arlan Potter , Problem 1, I'm not a cash buyer yet. Any tips on how to become on?

I am thinking about turning my wife into the sugar mamma realtor.

@Arlan Potter , If I could only find a realtor who could give me the hook up like that. Maybe it will happen one day. 

I had been looking for about 2 years before buying our first one in April 2014. Granted, I knew 2 years ago how long away I was financially because of student loans. Then in about January I really got serious and started looking at properties. I wouldn't have found one if I wasn't telling people that I was looking. Luckily a realtor that I had used in the past I had talked to and she had a fixer upper she wanted to get rid of quick. Since I had talked to her two months earlier, she was able to get me a great deal and it works out great.

Now my problem is pulling the trigger on the second deal. We have now been renting the current property for 2 weeks and I am trying to gauge the expenses before pulling the trigger. I have looked at other properties, but nothing seems to match the numbers of my first deal. 

@Chris Simmons, My number is 30, hopefully owned free and clear. The current house is on a 15 year note so I can gain equity quickly. I am actively trying to find the next one, but with a full time job it is pretty difficult. I am open to subject to, owner finance, or conventional for financing. Any suggestions on finding the next one or 29?

Hello,

I am a new investor from Tulsa, OK. I have been lurking and reading a lot on the forums and finally decided to post. I plan on being a buy and hold investor and create a portfolio large enough to retire on in 10 years. My wife and I bought our first property at then end of April for 58K, put in 12K in renovations, an ARV of 100,000 to 110,000 and now have it rented for $1050 a month. I couldn't have done it without biggerpockets.