All Forum Posts by: Jacen Lehman

@Elenis C . Thanks for the advice! Would it be inappropriate for me to contact the listing agent and ask about seller financing? I feel like that would be undercutting them by taking away their opportunity for a percentage of the deal.

My partner and I are currently looking into purchasing our first rental property. It is a rental that has had one owner for the past 25+ years. My partner and I are in the early stages of our real estate journey, and as such, have to get creative with how we finance our first few deals. My question is this: would it be worth it to pursue a "subject to" or seller financing deal since we don't have the money to fund a down payment? I would think if the owner has had the property for 25+ years, he could be pretty far into his mortgage if not had it entirely paid off. However, the property has already been listed on the MLS, if only for about 24 hours. Would it even be worth it at this point to pursue a seller financing deal? Or would I have better luck looking for a private lender to finance the down payment? Here is a link for the property itself: https://www.realtor.com/realestateandhomes-detail/309-N-4th-St_Decatur_IN_46733_M34729-76412#photo0 Apologies for not having an analysis report to accompany this question. I have used my five calc uses already and for some reason the site won't let me upgrade to pro right now. Thanks in advance for your feedback and taking the time to read my wall of text. Feel free to ask me any more questions if you think I didn't give enough of an explanation or provide enough info. Still learning the ropes here, so forgive my ignorance if I left out any pertinent details.

Hello everyone! Jacen here. I just recently got interested in the real estate industry and have been doing nonstop research over the last 36 hours to kinda get my feet wet. I’ve been all over the Bigger Pockets website, from the forums to signing up for Webinars (really excited to see what tomorrow’s has in store), and I have already downloaded countless episodes of the podcast that I can’t wait to listen to at work. In short, I’m all about getting as much info as I can before I start really delving into making deals. With education in mind, what are some audiobooks that you would recommend for beginners? I work in an environment that allows me to listen to music/podcasts/audiobooks during my entire shift. As you can imagine, it is an awesome opportunity for me to binge read countless books and listen to an insane amount of podcasts in a very short amount of time, relatively speaking (8-10 hours a day can really knock out a good chunk of if not an entire book, perhaps two). That being said, are there any go-to audiobooks that could be a great introduction? I personally am interested in wholesaling and rehab initially, and hope to work my way up to buying and holding. But I am game for anything related to REI. Just looking for some good info that I can really tear into. Thanks for reading! Excited to be here and excited to learn!