All Forum Posts by: Dave Van Horn

@Michael Hart

I would have your friend call an IRA company, like CamaPlan or Equity Trust and they'll tell you the name of a lender that could provide a non-recourse loan (since you're only allowed to have non-recourse loans with an IRA account) for the property.

Keep in mind, a non-recourse loan (which means the bank pursue the individual personally, just the IRA account) would usually require a larger percentage down (which would usually come out of the IRA) and it's usually a higher rate than a regular mortgage.

Best of luck,

Dave

Sure thing @Selina Banda and @Matt Owen, I'll be PMing you guys each a copy asap!

Hope to see everyone on our next call!

@Chizoma Mweene

One of the best strategies I've found in scenarios like this, would be to pay the squatters to leave.

Thanks for the mention, @Pari Thiagasundaram

And yes, @Shanna Bechtel we host free bi-monthly Q&A Calls for seasoned note investors as well as newbies to the note space.

I actually just made a post about our next call on March 21st here on the forums:

https://www.biggerpockets.com/forums/521/topics/41...

Hope you can join us!

I'll also PM you a copy of our Introduction to Note Investing E-book.

Best,

Dave

Join us for our FREE Note Investor Q&A Call Tuesday, March 21 at 8 PM EST. On this month's call PPR's very own Director of Borrower Management - Bob Paulus and I will discuss Joint Venturing in the Note business and the Pros and Cons of Using OPM (Other People's Money) to Acquire Notes.

As always, after our discussion we will allot time for a Question and Answer session, so please feel free to bring any and all note-related questions!

For more info and to register in advance, follow the link below:

https://www.pprnoteco.com/call-march-2017/

Call-in information will be sent via email following registration.

Hope to see you on the call!

Best,

Dave

Sure thing @Paul Vincent, happy to help.

My partners and I didn't really have a mentor or JV partner starting out, but I'd suggest joining some local note groups to find one. And if there's not a note group local to your area, start one. I've found that's always a great way to meet like minded investors.

You may also have luck finding others here on BP or at any of the multiple national note events (Note Expo, Paper Source, Distressed Debt conference, etc) interested in a JV partnership.

Best of luck.

Dave

No problem, Liam! Best of luck!

Best,

Dave

@Liam Brochu

Speaking from experience as a property manager, I'd actually say to chase the job that pays more. 

Getting into that first property owner occupied as soon as possible is your best bet, whatever gets you there is probably the smartest route. Plus, it's not that you wouldn't learn things working at a property management place, but you'll learn a lot more as an owner in my opinion (at least a lot more that deals with the path you want to go down as an Real Estate Investor/Owner).

@Tony Zheng It depends on how well you target your postcard marketing, but normally you should expect anywhere from 1% to 3%.