All Forum Posts by: Jesse Watts

Thank you @Charlie MacPherson I was not aware of the other type of loans that could possibly work. I will get on that ASAP 

Thats not a option if it was it would have been done already guys. 

Thank you I greatly appreciate it 

My mother has a rental property that she let extended family stay in and they completely trashed the place and didn't pay for a number of months. My mother lives out of state and can not pay the necessary amount to get the mortgage caught up. So I have been looking to start my wholesale journey and was wondering if I was looking at this possible deal correctly. 

So I would take the ARV (ARV is the same as comps correct?) and subtract it by 30% and thats my price I look to offer the buyer. Then I subtract the amount of mortgage owned and rehab costs to get a number. Then I subtract that number buy the amount of money I want to make and thats the number I would offer my mother for the house. Is that correct? Thank you all for your help on understanding the numbers.

Use the BP calculator for rental properties

@Darrin Carey going to join now and I will lock your number and will give you a call soon. What are the best times to reach you, do you prefer a phone call or email? Thanks for the help!!!!!

Bryan C. My goals are to have a 25k passive income in the next 10 years and to work myself up to have a 50+ unit apartment complex. I want to to do more buy and hold properties (multifamily) to generate passive income. I hope that answers your question.

Hello my name is Jesse Watts and im currently station in Lemoore Ca (USN). I will be moving back to Dayton Ohio soon, looking for investors that are open to be a mentor. I would greatly appreciate your knowledge and help. Hope to hear from someone soon!

Im also new to REI but one thing I picked up is house hacking. I would use the house hacking first because you only have to live in the property for a year unlike VA loan I believe is 3 years. Look into FHA with the 203k loan. Hope that helps you out. Keep educating yourself, go to the education tab and watch the many different webinars. I watch at least one a day and listen to a BP podcast and iam learning a lot!

Thanks you all for the information it was needed!