All Forum Posts by: Jeb Brilliant

@Account ClosedIf you have a good feeling about it see it through. 

Hi @Adam Schumacher, I realize this is an old post and I'm not sure why it showed up for me but I'm making a push to meet new people in RE in the area. I live in Long Beach but my kids go to school in HB. If you ever want to grab a coffee somewhere between Newport and HB let me know. 

Welcome to BP @Account Closed. Are you planning on working locally or out of state? I couldn't afford here in California (LA area) so I am investing in Indianapolis. What's your plan? 

Good luck. 

@Ryan F. Welcome and congrats. Multi Family all the way. I suggest listing to the podcasts and reading about the BRRR method on the blog/forum for your particular wants. Good luck.

@Account Closed welcome to BP. There are a wealth of reasons it could be on the market for so long, one I don't think people talk about much is the cascading effect of it being on for a week then 2 then people start to wonder why it's been for sale for so long so they don't look at it and then the cycele repeats. 

I would also tell the sellers agent you're getting an inpection so if they know of a glaring problem it would be great if they could just tell you up front and potentially save you the money. 

Good luck. 

Thanks @Charlie Fitzgerald I'll call them Monday. 

Thanks @Alexander A. 

@Charlie Fitzgerald I'm going to start looking for the right institution. By the way, I can't find an F&M in Indy itself. They are in other cities around Indiana but no where in or near Indianapolis. 

Thanks @Wayne Brooks and @Charlie Fitzgerald. Do you gentlemen think it matters that I'm in California versus Indianapolis where the property is? 

Thanks again.

Hi All, 

I am not sure what my options are in my situation. I may want to buy a $75k house as a buy and hold but I'm a 1099 versus a W2 in terms of my taxes and employee status. My wife doesn't make a whole lot of money but we get amazing benefits through her work, she works at a university. My question is, 2 part...

1. With amazing credit might I be able to get a traditional mortgage to buy the house? 

2. If not and I buy it cash will it be easier to get a loan to finance out or refinance out (not sure what the correct term is) to get my capital outlay out of the deal after a few (I hear 6 months) months. Basically I'll buy it cash but want to get my money out in a few months and have a loan on the property. 

What do you all think? 

Thanks in advance. 

Welcome to BP @Jeff Goddard. This is an amazing place with thousands of years of knowledge and experience and most of the stars are happy to help. Good luck.