All Forum Posts by: Grayson Grzybowski

@Tim Delaney

1) I did not know that fees came with a refi. I already do not like the idea of them because its how banks just make more money from a reset in mortgage.

2) I just recently started searching out more local events in my area to see if I can meet local investors with my pitch. 

Thanks for all the help

@Tim Delaney

Hey, I have read books from CPAs that have said how I can reduce my taxes. My gf and I both have some creative arts & craft minds so we thought it would be a good idea to take advantage of an opportunity after learning. Currently we are still trying to make and build inventory and see how it goes.

1) I am currently paying $150 more on the principal via the min. payment and weekly payments to take advantage of the amortization schedule. I use a Personal Finance Sheet on the Daily, so all my finance have been cut back as much as possible. 

2) We locked in a 6.875% rate, So rolling my CC loan into the home verse the 11.99% is a big difference and taken advantage of the write off via the interest would help. However, this load should be paid off a little after a year so I do not think it makes much sense to do it and not sure what will happen to the RE market via the president swap.

3) I am not a Professional Engineer Yet so doing the work for them at a discount would not be much help yet. Still working towards it as soon as possible.

Thanks again 

@Crystal Smith

You know... I have read the book "Rich Dad Poor Dad twice now, so I do not need a reminder of using the concept "I cant do it or blah blah blah." I have been searching and seeking out stuff for over 2 years now and run into a wall, so I thought here would be a good place to ask for some more help.

I have reached out to a myriad of investors that have wrote books, meet and local groups, and places like this and they have all said the same thing. 

I have met realtors that have homes from sale like the first example, but I have tried to get more information from them about the property/location/area so I can look at see  if taking advantage of a short or medium term rental would be best. Also just knowing the area they are in to see if its worth pulling the trigger on. Then they just ghost me. Furthermore, If a realtor has this at their hands I really cant take it to an investor when its tied to a contract via the realtor.... I would just feel like a dead weight and once they has the info they could ghost me. 

Thanks again for providing the examples though. I do think all these things when looking at places

@Crystal Smith

Thank you for taking the time to provide your insight on the questions I have asked.

For your introductory statement, I understand this is how debt should be used. 

1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 

2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 

3) I have already reached out to a lot of different investors and have their terms & conditions at hand. Its trying to propose a deal even If i do not have the 20% down and can show them its a good deal. I feel that this only works for flips and I am not looking to flip homes.

4) Thanks! I will make sure to show this in a future proposal

@Preston Dean

Right now I can leverage 23k. I have already used 12.5k for consolidation leaving me with only the difference. The sooner I get this paid off, but sooner I can go back for more and it will look more appealing to other PML

@Preston Dean

Hi Preston, the answer to your question is YES! I have already consolidated my CC debt into a much smaller interest rate. On top of that, I am paying $150 more on the principal and doing it in weekly payments to take advantage of the immortalized schedule.

@Jonathan Greene

Awesome I will do just that! Thanks again for the advice

@Jonathan Greene

Thank you for taking the time to reach out and provide advice. 

Currently I use an app called "meet up" and for some time, a lot of their events in my area are all done online. I will pay more attention to them and see if I can narrow down the ones in person. 

Currently I am an Engineer, so I do make good money. The field of engineering I do actually ties to real estate which is "Land Development." I plan to someday use my Primary job as leverage to work things out with investors while working my 9-5. 

I have changed my thinking! I went to school to be an engineer because I thought this was the way over real estate. Being 38 I turned down learning about it in my early 20s and 30s. All of what I do now is finding ways to get as much money in my Assest column as possible.

Lastly, with all bills aside coming up with another DP for a property, plus additional money would take way longer than a few years. I would just like to get 1 under my belt and ride if for a short time before moving onto the next

I have been learning about Real Estate for the last 2.5 years. I have come so far (daily personal Finance sheet, opened a small business, bough a home, and utilized as many tax strategies as best I can), yet I still feel so far from my freedom. I really need help for anyone who is willing to lend me some advice.

This is a multi question post!

1) How can I borrow more money then what I have already been proposed? Currently I had borrowed 12.5k to consolidate credit card debt and I can borrow up to 23k.

2) Would it be wise to roll this into my home mortgage so I can get the tax break for the interest and allow for more borrowing power from a credit union?

3) Lastly what would happen if I applied for a construction loan application that pertained to Real Estate?

4) Would It be easier to borrow that money knowing that I am trying to provide affordable housing in the governments eyes?

I have seen a lot of videos of people are saying "Utilize debt as the power to take these leaps," so this is where I am ready to go if the deals make sense.

Thanks for anyones help

@John Ma Thanks for this. I spent a year in pre-foreclosure and had no luck. I did door knocking, emails, and phone calls. 90% of who I was trying to contact didnt answer or the infomation was invalid. The site I was getting my information from was "Roney's Foreclosure Listings." 

I recently listened to a podcast and a story of a guy who had success with this in only 2 years. I just wanted to reach out and see if there was another more efficient alternative in doing this.