All Forum Posts by: Kevin Bynum

@Tim Puffer funny you should ask. I'm currently reading "The E-Myth" and so while I'm only working on my first property right now, I thought it might be a good idea to have a vision of where I would like my business to be someday. But I understand where your coming from.

@Kevin Siedlecki for me, I would like a company where even acquiring new properties can be a hands off thing. What comes to mind for me is a business owner I used to work for who owned a franchise. He would come in every now and then and work a few shifts or help with training but he always had the option to just never show up and things would still run smoothly. It's not that I don't WANT to be a part of it, I don't want to NEED to be a part of it.

I don't intend on building out my business just yet, but when I get ready to I would like to know beforehand what I'll need it to look like. What kind of/how many team members are needed to create a real estate business that can function without its founder?

Thanks everyone. I'l definitely try a few credit unions. @Melissa W., so your saying that credit unions offer FHA loans with repair cost built into them?

I'm trying to figure out how to finance a purchase on a multi-family that my friend, my friend's dad and I have been looking at. It's only $43,000 but we don't have that amount on hand. Do we have to take out a mortgage in only one of our names? Will it be difficult finding financing for such a low amount? 

Not sure,

Just a newbie