All Forum Posts by: Dave Van Horn

I would build relationships with other Real Estate investors at your local REIAs and Real Estate Meetups. Then the rest of the pieces fall into place since you have access to their networks.

Best,

Dave

@Richard Miller

You could go in the public records and search by address, folio number (tax number), or the name of the owner.

@Nate Turner

I assume you're not in an LLC (which could be a different scenario), but the capital gains on the split would normally be based on your personal bracket. The HUD-1 should reflect the split.

Best,

Dave

@Paul Faryna

As an agent, not sure all of these questions are necessary. Probably the easiest way to vet an agent is by going directly to a CRS agent. They're considered to be within the top 3% of agents in the country.

If you want to find one for the areas you're looking for, you can easily look them up on their website:

https://crs.com/

You can see their specialties on the site, it'll probably be good idea to find one who specializes as an investor-realtor (which are a harder breed to find, but they are out there!).

Investor associations are a good area to look to, like a local REIA to that area.

Best of luck,

Dave

Hi @Norman Benders

I often suggest new investors start by buying "purposefully" with their first properties, if possible. What I mean by that is, individuals are allowed purchase up to 10 properties in their own name. I always say, buy as many units as you can as an owner occupant to get preferred financing terms. If you haven't bought your very first home, FHA financing is some of the best around (probably only beat by VA loans).

Whenever a newbie asks me what they should buy with FHA financing, I tell them to go multi-family (up to 1-4 family) rather than SFR. Why not get 2,3, or even 4 units as opposed to 1? And what's cool about owner occupant financing is the lender will often count the rent from the other units towards your income and enables you to buy bigger.

Best of luck,

Dave

This is a great idea.

@Wendy Sweet might be interested.

Hi @David Faulkner,

We manage multiple funds with different investment goals often investing in different product (i.e. some funds invest in 1sts, others in 2nds, some in both, etc) and even the categories of those notes can vary. Bawld Guy has had several offerings with us and they haven't always been a lower rate. The type of product, goals of the fund, and cost of capital in the marketplace dictate each offering and the rate fluctuation.

Jeff Brown also runs his own fund specifically geared towards his network with a similar name that allows for unaccredited investors but contains various fees. Jeff also has different practices for his investors than we do. PPR funds do not have fees but are only currently on open to accredited.

Hope this has cleared up some of the confusion. If anyone has any more questions, please feel free to reach out to me directly.

Best,

Dave

Hi @Richard Chang,

Not for our current fund offering but non-accredited investors can purchase notes!

Best,

Dave

Personally, I prefer the multi unit route as you can get preferred owner occupied financing terms for up to a 4 unit building, but whatever you decide to buy 1st, I would buy with the intention of converting this property to a future rental. Four properties I purchased and lived in over the years became long term rentals at a later point in time and have contributed dramatically to my increase in personal wealth, best of luck!

Try joining South Jersey REIA (SJI) to see what and where they are investing in NJ