All Forum Posts by: Account Closed

@Justin Wood this doesn't help much now but in the future requiring the tenant to have rental insurance that covers $100k in damages. It's a requirement where I'm from in the state of Oregon, it's cheap, it costs me $18 a month as a tenant.

@Brian Adzadi I cannot even imagine being able to buy a house for $25,000, you cannot even buy a piece of land to build a house where I live for $50,000 and permits alone will cost you another $50,000. We all agreed that we would have to do this in a different area than where we live, do you have any areas that you suggest looking at in which you can buy a property for $25k to $50k?

Hey everyone,

I have access to a $25,000 loan at 2.99% interest that I do not have to begin repaying for 18 months and it must be repaid in five years once payments start. I have two friends with the same circumstance. Together we would have $75,000 that we do not have to make any payments on for 18 months.

I have been looking at and studying real estate for a long time and I see this as an opportunity to finally start investing. We want to do BRRRR with a property, ideally we would create enough equity that we would be able to get back our entire $75,000 investment along with creating cashflow.

What do you guys think? I know that it is a lot of leverage. I am in Portland Oregon so we definitely would not be able to do it here, the market is way too expensive. We would like to retain the property though, we do not want to flip it and sell it. Thank you for any advice or suggestions that you guys have!

Hey everyone, 

I have access to a $25,000 loan at 2.99% interest that I do not have to begin repaying for 18 months and it must be repaid in five years once payments start. I have two friends with the same circumstance.  Together we would have $75,000 that we do not have to make any payments on for 18 months.

I have been looking at and studying real estate for a long time and I see this as an opportunity to finally start investing. We want to do BRRRR with a property, ideally we would create enough equity that we would be able to get back our entire $75,000 investment along with creating cashflow.

What do you guys think? I know that it is a lot of leverage. I am in Portland Oregon so we definitely would not be able to do it here, the market is way too expensive. We would like to retain the property though, we do not want to flip it and sell it. Thank you for any advice or suggestions that you guys have!

I am extremely interested in investing in commercial industrial real estate but from the research that I have done there are very limited resources regarding investing in industrial real estate and learning more about such. Do you guys have any suggestions on where to go to learn more about industrial? I am very familiar with residential both single family and multi family, I feel like that is most all of what the focus is on in the real estate investment community and education regarding real estate investment.

Thank you!

This entire thread is super inspirational but @Bobby Nilsen your project was especially inspiration with myself wanting to get into multifamily real estate, keep it up I will be looking out for you and your future projects and ventures

@Aaron Montague great information and analyzing, really helpful information with analyzing a deal. 

@Jim Costa as well, I really like your analyzing and information, reading you an Aaron going back and fourth and discussing the property is a lot of great information. 

The rule that I have always read and heard is 6 months rent, that is a pretty comfortable place to be and if you cannot get a tenant for more than 6 months then something is seriously wrong. If you have to fix something that is in the excess of 6 months rent, you could probably get some sort of loan to cover the excess cost. 

$500 million portfolio of multi-family real estate

$1,000,000+ monthly income

Absolutely anything and any level of living is attainable at this level and that is what I want. I do not want to be limited by money in how or on what terms I live my life at all. 

@Andrew Jordan unfortunately I am not an investor yet but this community is great and super engaging and helpful.