All Forum Posts by: James Wyant

Ok.

Hi! I wanted to figure in the comp #.  if thats making sense. not sure of the terminolgy.

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I have stayed in this condo for 11 months. My lease is coming to an end. My landlord is beyond motivated to sell me the condo and is interested in a cash transaction with much flexibility. He stated that he needs cash, so he can retire. The 20% down payment will come from myself and the seller more than willing to finance a 2nd mortgage minus my 3.5%-5% cash and seller will pay closing costs. looking to see how the numbers look. 

Thanks guys! See ya at the top!

Started saving a few months ago. Up to $3500.00 working on building that up to invest.

Hello All!

I'm James. a one-time landlord/investor (years back) seeking to get back in the game. My goal is to and build a thriving and successful real  estate investment career! I feel super fortunate to have access to such a  huge resource of information and inspiration.

I've decided to invest in sfr's & 2-4 unit multis to start. While getting more experience with the BRRR process, but guess what? I have NO cash! I am ready to learn. if we help enough people get what they want...you get what you want! So, Let's get creative!

What is debt service? what specific role will it play in this scenario?

Maybe it is more of a buy & hold situation. Fells point rents well!