All Forum Posts by: John Van Uytven

@Lance Knapp 

That is great that you are pre-approved to make that kind of deal.

If you are going to invest out of state, invest in people you trust first. Find people you trust and then look for deals in that area. 

Why are you looking for those numbers specifically?

I am curious where you came up with those numbers.

Are you looking for a project property you can fill up?

Are you looking for an apartment complex? A mobile home park? 

As we learned from the crash you can't count on appreciation.

There are places that appreciate faster than others, but you need to look at the factors.

Job Growth, Schools, Population patterns

I know I asked more questions than I answered, but I hope that they help you get to where you are going.

Good luck and remember

*DFTBA*
Don't Forget To Be Awesome

@Account Closed

I don't know about your area, but in mine when it is a 4 plex built in 1900. It was originally a much bigger house that someone came by later and made into 4 units.

Why would you avoid them?

Lead paint is an issue, that is why we disclose that information.

With older properties you can expect more maintenance issues. 

What kind of foundation is it? 

Is the house level or are there issues?

Good luck and remember

*DFTBA*
Don't Forget To Be Awesome

@Brandon Turner

Fantastic,

Looking forward to it.

@Jeff Smith

I told my friends Mike and Ashley about it.

I don't know if they will be able to make it since it is last minute for them.

@Vijay H.

You are in the right place, to find out.

There is so much information available here. You can search the website and find almost everything.

What you can't find someone maybe able to answer.

The biggest piece of advice is just keep reading.

You can use the calculator to find out if you have really been making money or not. You need to be honest with the answers though.

Good luck and remember

*DFTBA*
Don't Forget To Be Awesome

@Padma Mody

People charge all kinds of different fees across the states. To get a better local idea, call local landlords and just ask them about their pet policy. Then ask how much they would charge for the same bird.

I do not know much about parrots, my concern would they be loud and annoy neighbors.

Making them want to move.

Good luck and remember

*DFTBA*
Don't Forget To Be Awesome

@Zaheer Jabbar

You should check with a local lawyer who specializes in business entities. 

I am from Illinois and the laws are different than New York.

A lawyer can help you with future planning as well. 

What will we do when "X" happens?
What will we do when "G" happens?

An experienced lawyer could help set you up to expand more easily as well.

Good luck and remember

*DFTBA*
Don't Forget To Be Awesome

@Tyler Widdison

Welcome to BP

I hope we can hear more about your story.

I don't know if you have been to the Seoul REI meetup in Seoul but here is the link

http://www.meetup.com/Seoul-REI-Meetup/

@Sandra Roddy is also in the military.

Good luck and remember

*DFTBA*
Don't Forget To Be Awesome

@Solly Matipwili

If you want to raise capital, then you should look for partnerships you can become a value add.

You can do this by bird dogging, and other forms of sweat equity.

Especially, with local people. I recommend attending a meet up, if there isn't one locally start your own.

Listen to the podcast. If you haven't read the Ultimate Beginner's Guide, it's a great read (and it's free).

What are your goals with real estate?

How long do you think it will take to achieve those goals?

Good luck and remember

*DFTBA*
Don't Forget To Be Awesome

@Rashad S.

I am assuming you have tried hard money lenders?

As someone who lived in a different country, many lenders consider us a flight risk who won't pay back a loan.

A local person for Partnering or having an LLC could add credibility.

Ask the lenders what would make them more comfortable.

Good luck and remember

*DFTBA*

Don't Forget To Be Awesome