All Forum Posts by: Garrett Pearson

Has anyone ever been to Flip Hacking Live? If so, can you tell me about your experience? What can I expect? Would you recommend it for a newbie? It is a stretch as it is being held across the country from me so I really need to make sure that if I attend that I am getting my money's worth. 

@John Reynolds I read your question. This was my first time hearing about the course. I went to the website and it appears that it is closed. Were you able to get in? If so, what do you think about it?

@William Allen Do you have any ideas when HFF will be open again? How much is it?

 Great ideas. Thank you so much for your input.

If you haven't already done, you might want to check out this site to see what Section 8 consider and will pay as fair market rate.

https://www.huduser.gov/portal/datasets/fmr/fmrs/F...

Also, you want to find out who your local housing authority is (cha.org) if the property is located in Chicago. Go to their website, there is usually all the information you need to become a Section 8 landlord.

Hope this help

Are the loans in your name or your LLC?

I heard no advantages mentioned. I'm taking it as the general consensus is not to do them?

I need some advice. First, let me say that I toyed with the idea of investing for years but now am giving careful thought. I know that there is plenty of information on the questions that I am asking and I plan to do plenty of reading and studying but unfortunately I am in a pinch for time. Recently, I was working on a pretty profitable business deal and wanted to buy my first home. When the business opportunity came through, my loan officer told me that I should hold off on starting a business until I closed on the property because I would be forced to wait 2 years if I didn't. Being optimistic, I started the purchase using with VA loan with no money down and the purchase price only being $40k less my approval amount so I purchased on the high end. Unfortunately, my business deal fell through. With the loss of the potential income from the business investment, I needed to find another stream of income so returned to my former interest of investing in real estate sooner than I planned. I have not yet closed on my house but now I am having buyer's remorse and thinking about the fact that buying this house on the upper end of my qualification will limit my ability to invest. What are my options? Am I screwed? I have good credit and some money (not a lot) to invest. I am waiting to hear from my attorney on the repercussion of canceling the contract this late in the game as I am scheduled to close in a week or so. Thank you in advance for any guidance you can provide.