All Forum Posts by: Joel Custodio

Does anyone have any experience or reviews with this website?

Greetings everyone,

I am currently based in NYC, looking to invest in Ohio in particular near metro areas, i hear that Dayton, Columbus and Cleveland are areas worth paying attention, thoughts?

Thanks for the info!!!

I am sure this question has been asked a 1,000 times over, but what are somethings that an agent would have to keep in mind, when wholesailing?

REI can be intimidating, especially to a novice/newbie like myself. I have spent a lot of my time doing the research, listening to podcasts, and reading blogs/books. I stumbled upon @Brian Gibbons profile and website, i messaged him and from there we spoke over the phone. He was extremely insightful, and very informative. He actually took the time and gave me very thorough lessons on Sub2, lease options and wholesailing. After speaking with Brian, i felt more confident about my REI journey . I highly recommend him to anyone, specifically those who feel somewhat lost, and need some guidance/advice.

@Tom S. thanks Tom i will look into the FHA loan, seems like a very viable option.

excellent points @Chris Vail i am really not familiar with all the nuances of what can be done with the 401k, i am looking to purchase a rental property as well. Thanks for the insight again, i think i will do more research and keep saving. 

@Rusty Thompson return is 2.3%, see that was my logic, if it's a 5 year loan and the interest would be paying yourself back, then i do not see what would be the drawback?

thanks for the advice!! @Chris Vail i guess it is just my eagerness to purchase property that makes me even considerr borrowing against the 401k

Are you better off borrowing against your 401k or using a bank for a down payment on home?