All Forum Posts by: Jason Allen

Me and a few other partners have 400k and are trying to get started with SFH. We are thinking about buying a few 300kish houses next year probably using DSCR loans. We would preferably not rehab and BRRRR as it causes complications and we are new. How would we scale this or potentially 1031 exchange into a larger deal (commercial)? Waiting for equity build up and appreciation and then cash out refi to buy a few more homes is a possibility but that may take quite a while. And I believe we may be over leveraged with something like 7 300k+ homes where a few possible vacancies and/or large unexpected payments could make it all come crashing down. What would you do if you had 400k and were looking to get into SFHs?

Hi @Jason Allen. I am definitely planning to invest out of state. But because I am just starting out, I think it makes sense for me to stay local. First I would want to establish a network and have eyes on the ground that I can trust. 

Hello. I am brand new to real estate investing. I have funded a corporation from my 401k using the ROBS process (Rollover as Business Start-up). I am starting with $100,000 to invest in my first deal. Because my company has to be an active company (ROBS restrictions), I have to start out fixing and flipping, versus buying and holding. 

Any advice would be greatly appreciated. I am super conscious that I am using my retirement for this venture. I want to make the right first moves. I am currently getting my real estate license to get educated in this area. 

What should I do first?

My wife and I are just starting in the rental RE. We have purchased a SFR (cash negative) in Sacramento, CA area few months ago. We know that it is currently cash negative but given our income from W2, we are able to cover that for now . The goal then was to build some equity on it long term and refi when the rates go down.

Looking for the next investment suggestions. We do not want to take another cash negative property, so looking for cash positive options. We have reserves to do 20% down on ~500k properties. The goal for us is to scale our investments so we can get around 2k/month in the next 2-3 years

Hey fam, got a buddy who's looking to take out a 250k HELOC from his property. Just wondering if you guys can provide some strategies on utilizing the credit . Thank you !

Hi BP community! Newbie here in real estate investing in the US. I set myself a goal to start investing next year, but kinda stuck at don't know where to start. I would love to network/have a brief chat with any non-US citizens who have already started their investing journey in the States. Keen to learn from your experience!

If you would love to have a chat, please drop me a message or leave a comment I'll reach out to you shortly!

Have a great day! :)

@Jason Allen

can you post an example of a turnkey, high quality deal that can be purchased with $40K and cash flows more than trivially?

@Jason Allen

can you post an example of a turnkey, high quality deal that can be purchased with $40K and cash flows more than trivially?

This seems like a very newbie question. How do you begin funding an LLC? Do I go into my local bank and let them know that I am looking to open a business checking and/or savings account under my LLC? Once in, do I need to bring a cashier's check or the like to deposit into the account as seed capital? What documentation do I need to bring to open? I am currently under contract on a house through my LLC and need to pay an assignment fee in a couple of weeks ($10k) at closing. I have it ready to go from my personal bank account to transfer.

I'm used to purchasing property under my name, but now this will be my first in an LLC, and want to make sure I am starting correctly.