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All Forum Posts by: John Mathewson

John Mathewson has started 25 posts and replied 710 times.

Post: Don't start investing until you have $100,000.

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

@Daniel Cuevas  I am a huge Grant follower and his stuff has changed my life. I believe the point he was making here is for large multi family units. That as i'm sure you know is all of his real estate investments. So I think that was his starting point. I think each and everyone's starting point can be different. Grant will also tell you that he invested in himself before he ever had that first 100K so I think it depends on what you are going after or where you are currently. 

Ridge Lending is who most of my investors are using to refinance out with. 

Post: How to make contingent offers?

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

In Indiana I am an agent and use the state purchase form. It has a spot for "inspection time" we typically ask for 3 days to do some due diligence on the home and walk our contractor though the property. Let me know if that helps or if you have more questions. 

Post: Greetings BP Family!

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

Welcome to the site! There is a ton of great connections and some awesome information on here. Stay plugged in here and be consistent you can learn a ton from this site. Best of luck. If I can ever help please let me know. 

Post: Flipping properties low funds

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

Check your numbers several times before submitting an offer. In your case you need it to be spot on. The last thing you want to do is get into a project and have it go over budget or not sell. Comps and repairs have to be solid ,if you don't have a real estate license get comps from several agents and get quotes from several contractors so you are sure on your numbers. 

Post: refinance an investment property the is under an LLC

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

Not too many lenders like to lend to an LLC. A lot of people I know will put the property in the LLC after they refinance. Which isn't really the best option either but it does work depending on the lender.

Post: New investor from NorthCentral Florida

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

@Christopher Anello Welcome to the site. There is a ton of information on this site and some great connections. Keep your head down and keep soaking in as much information as possible. If I can help at all please let me know. 

Post: Greetings from Chicago!

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

@Maria Bocanegra  Congrats on joining. This site has a ton of information and some great connections. If we can ever help let me know. 

Post: Virtual Closing Coordinator

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

Thanks for the tag @Account Closed 

Post: Young 20's looking to start investing!

John MathewsonPosted
  • Developer
  • Hobart, IN
  • Posts 773
  • Votes 225

Welcome to the site! There is a ton of information on here. Keep your head down and keep researching on here.