All Forum Posts by: David Beckett

If you truly are getting this boom, (make sure it's not fluff) now might be a good time to look at other accomadations to buy and hold for rent. Remember empty lots can have used houses moved on to them. (look for house movers)

Kevin, join Bigger Pockets (cheap) read every article they ever published on Multi-family (get some information) THEN invest

another thing you should look at is the relaibility of all thos e blue collar jobs that pay the rent. is the big employer about to move labor off shore or go robotic??

Hi John... If you are going to be doing RE, you will certainly need legal advice and contract review. Get a membership at Legal Shield.Com, If you use my name, I willget a commission, But it's $19.95 a month and you get unlimited consultation, contract review(up to 10 pages). (D Beckett, Surrey BC)

I would suggest finding a good mortgage broker, (mine isalso an RE investo)r. The financing is  not the issue, it is do you want to be an investor?Find out if you can get a mortgage, how big, then ask the owner if he wants to sell. Offer... After reno value (use comparable housesin the same neighbourhood) x .75 - actual cost of renovation - legal costs(title search, closing etc) - holding costs(pay the mortgage and electric andheat etc) = max offer= MAX, so start lower (25%?). 

Get an LLC. Talk to "Veil Corp" in Utah. They can tell you all about asset protection. This is where I set up my international Corporation.

I do not mean to make RE complicated, it's worth the trouble