All Forum Posts by: Jay Hurst

Listening to the Bigger Pockets podcasts I hear the ads for rent to retirement all the time. I was wondering ifja anyone on here has used them and what has their experience been? I am a rookie investor and have not purchased a property yet.

Thank you in advance.

 We do need the cash to buy another property.  We don't like the idea of owning in WA anymore. Since the laws are not for the owners and we are no longer there. It seems investing in TN where we are now, and being able to work on the properties ourselves makes more sense. 

Looking to connect with investors in amd around the DFW area. 

  excellent. I would love to chat with you this week if you are available. Please let me know what days and times work for you.

@Jay Hurst Yes I am referring to 2-4 units. Are you located in DFW area?

Hi all,

I just got a house under contract (it only took 6 months to find one!!!!). I have around a 720 median credit score. I'm shopping for the best lender with the lowest rate and closing costs:) What do you have to offer?  I got the house for $252,000 in Pennsylvania.

Thanks,

Jennifer

I have twice invested $50k with my hard money lender's investment fund. 

I gave them $50k and they lent it out to flippers to make a profit and paid me interest on it.  It worked out fine, though each time I got a little less than advertised interest rate (about 9% vs 10%) and I had to send a reminder email to to get my money back, but I did get it back.

I ask about others' experience, because I'm still not 100% sure it's not a ponzi.  Sure they paid me both times, but that's exactly what a ponzi would do.

Thanks

Hi all!

A multi-unit property was purchased for $140k.  The estimated value  now (roughly) is $200K.  Couple is divorcing, husband wants to keep the property; wants ex-wife's name off of property/loan. 

What is the best course of action?  He can't 'buy her out' as he does not have that much cash liquid. The balanced owed on the property is about 97K.  She put a portion of the down payment (15K)...and of course there is a little equity... Lastly, the property is in PA. 

All suggestions will be greatly appreciated! 

I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me?

Hello everyone! I'm a new investor from Melissa, Texas, primarily interested in multifamily properties. I've selected Collin, Denton, and Grayson counties as my investment focus.

My goals involve investing in multifamily properties and long-term rentals. I plan to manage the properties myself until it conflicts with my regular job.

I would appreciate any advice on these markets to ensure success and connect with local investors.