All Forum Posts by: Justin Dixon

I came across I guy who has a 4 bed rooms 2 baths 2000 sqft home who wants to sell it for $50,000 or do a rent to own on it. Now he came to me because he knew I was looking to get into real estate investing doing mainly buy and hold SFH. So first I am going to ask how would I even go about this? Because I will definitely would want to get all of this written down and documented if I decided I wanted to do this but I'm not sure how? Would I just go to an local attorney office? But my other question to you guys is do you believe this would be better then just going and buying rental property? Quick info on me I'm 21 and I have a W2 job my hours are 7pm-7am on a rotating shift. I work in IT so I'm sitting in front of the computer all night and I know my hours may look crazy but I actually have nothing but down time form 7pm to 2am then I start all the work then. Plus the pay is really good because of the hours I work I am always guaranteed overtime. So with knowing all that what are some on you guys thoughts?

I my exit strategy have been long term rental or if need be sell and profit of the appreciation(not banking on this option). 

What are so good sites for me to search for duplex properties as well as multi family homes? I tried the zillow and sites like that but they don't have options for duplex only townhomes, condos, and sfh. Any suggests? Or have I been looking in the right place all along and just too busy over thinking and having brain farts?!?

Well I am looking to start in buy and hold investing so with that in mind I would keep if for as long as possible.

@Becca Summers so was the first home you guys bought a turnkey? Or did you have to put a little work into it? And when you say you rented the basement or you saying you turned your basement in the first home into a extra room and rented it out? Also do you still have the first home or did you sell it with appercation being pretty up all around I'm sure you were able to make some type of profit off of it if you did? Thanks again for taking time to even answer my questions!

I have not experience with being a landlord (yet or property manager) but since I have deal with alot of property management companies (college student who has been to all three major colleges in my area Duke,UNC,NC State) I have noticed they most all of them suck. So if you were to look for a really good company I would suggest you go into as someone who is looking to rent because that's what my college roommate father did. He did this because he knew going into as someone who own property the property management companies put on a big act for you so you never see how they really treat there rentals. Also for a multiplex putting up signs is good and all but you would reach more people if you did it online with a Facebook post and tell people to share it or craigslist. New age of technology makes it easier and free plus now days people are too busy on there phones when driving around so more then half the people may never even notice the sign. Just my thoughts but then again I'm only 21 and have no investment properties at this point lol. Good Luck

So I am looking to buy my first home and now I need little help which loan would be best for someone who is a 21 year own who works a really good paying W2 job. The homes I been looking at range from $100,000 to $192,000. But the one thats $192,000 has the 100% financing options. Any advice on how I should go about this?

@Alexander Ball I agree with you that the multiplex could be a great option but the thing is they have high turnover rates where I'm located and they also aren't in the best neighborhoods were I live as well. However I do like how you financed that deal. But from my market research I have done it would 1 be there difficulty to find a multiplex home in even a decent area, 2 would be even harder to find decent renters at best. 

@Becca Summers I really like that plan you have used to invest in single family homes, my only question I have is did you and your husband already own a home before moving into your potential SFH rental? If so was the home you left to stay in the new SFH paid off? Or were you now paying a mortgage for both homes?

@Joseph Druther I actually live in Clayton NC right now what are some of the connection you know in my area?