All Forum Posts by: Jason Logston

@Jeremy H. I am not doing this to my parents. I am doing it for them. I have my own investment, yes me and my brother are big boys we both have our own jobs, actually he has his own business. Obviously there is risk, everyone is aware of that. Their house has a value of 130,000. I personally have a 796 credit score and can borrow at 6.7% on my own house right now, which I am about to. The question is what is the best method, not is it a good idea. 

I do, do it, on my own. This is really me trying to help out my parents and my brother. I have my own rentals and I am growing my own portfolio. My parents are okay with it because they know my brother and I can cover the loan regardless of whether we are successful, they have seen us both be successful at what we do, and we also have a place for them in case their house some how got lost. The question is just what is the best way to do it. 

That is what we were thinking. We were not sure if putting it in a trust would better or if that would even work. We just know they would not be able to get approved on their own.

My parents are going to leave their house to my brother and me. We would like, and they are on board, to refinance their home and invest into a rental property. With the house in my parents name and then being retired and on a limited budget, what would be the best way to get the money out of the house?

I guess I am asking is there a site or something where you can just post the work you want done, and contractors will bid on it. Then I could comb through the bids and get references based on who submitted a bid or do I just need to contact each contractor individually that I would like to bid on the work? Seems like there would be a site that people could post this work on, and contractors would make bids. The site would also contain references/reviews for the contractor on the site. I cannot imagine this does not exist. If it doesn't, then someone with more drive than I have in me should get that started. 

I am new to the industry. I have bought one property and it needed some a little work, which I used the realtor to find some options and found a crew to do the foundation work and new roof I needed. I am operating from out of state but believe I have found a good market and plan to continue working in the area. I am familiar with the areas, just not he people so much. My question is for my next project, what is the best way to find contractors for the work I need? I have read or heard something like this several times " Put the work up for bids and go through the responses you get back from the contractors and of course ask for and get recommendations". How does one put work out for Bids and and does anyone have tips on how best to put the work out there to ensure you are getting accurate bids?