All Forum Posts by: Kyle Pease

Thank you. These are definitely questions that I will need to get further information on.

What are some of the ways that you guys have structured your seller financing deals so that it is lucrative for both the seller and the buyer? interest rates? life of the loan? balloon payments? Any suggestions would be greatly appreciated.

Hello BP members-

My wife and I want to present an idea to one of our great family friends to purchase their house from them. They have a beautiful home on the water that they own and currently live elsewhere and are flat out doing nothing with the property. They started ripping up the floor and doing little other projects but each project they start does not get finished and now this beautiful home is sitting unoccupied. I'm assuming they own the home outright and just do not know what to do with it as they have a ton of money and can afford a beautiful home to sit unoccupied. They just bought a house in a different city and they have no plans of selling their other home, which is very weird to me. So, I guess what I am wondering is how to go about proposing a plan to purchase the property from them for far below what the home is worth. If they put the home on the market it would sell for far more than anything my wife and I could afford. I know that seller financing could be an option, I am just confused on how long of a mortgage plan to come up with because I am sure they do not want to collect money from us every month for 30 years like a normal mortgage plan. Does anyone have any creative ideas for a situation like this? All suggestions are greatly appreciated.

Hi guys, I am writing today because I am eager to buy my first house to flip or do a buy and hold. My wife and I currently own our own home and I am struggling to find a way to fund my first investment property. I have a full time job and do not enough money to get another loan and I have not found anyone to partner with or fund my first flip. I feel like it is hard to ask someone for money when I do not have a track record of flipping homes yet. So, I guess my question is whether or not the only option for me at this point is to go the hard money lender route? Does anyone have any good advice or feed back from funding their deals through a hard money lender? I feel like this may be the only way to start my business. thank you.

Hello, my name is Kyle and I am from Gig Harbor, Wa. I am very motivated to start my real estate investing career. I am looking to partner with an experienced house flipper or wholesaler. I have read countless books and viewed a number of webinars on BP and now I feel I am ready to get started but I would love to do it with someone that has done it before. If anyone is interested in being a mentor, I would greatly appreciate to get in contact with you. I look forward to getting started in this new adventure.

Awesome, I will definitely make it out there for that. I appreciate the information.

Hey guys, I live in Gig Harbor, WA and was wondering when the next closest REIA meeting is. I would love to get to meet some new people that are wanting to accomplish the same goals as I am. Thanks.

Originally posted by @Adrian Chu:

Originally posted by @Kyle Pease:

Hello guys, I am new to all of this. I am very motivated to getting started in my real estate career. I want to start out by flipping houses and eventually own apartment complexes. The problem is that I do not know where to start. I have a full time job that I am not ready to give up yet and not a lot of extra income. I would love to get input from people on how you guys got started out in your real estate careers and go from there. I live in gig harbor, Washington so anybody that is close to this area I would love to hear what u have to say and I look forward to hearing your guys' thoughts.

Welcome to BP!  Having a full time job is good.  W-2 income will help you qualify for bank loans.  To foray into real estate, have you thought about getting a broker license?

Hello guys, I am new to all of this. I am very motivated to getting started in my real estate career. I want to start out by flipping houses and eventually own apartment complexes. The problem is that I do not know where to start. I have a full time job that I am not ready to give up yet and not a lot of extra income. I would love to get input from people on how you guys got started out in your real estate careers and go from there. I live in gig harbor, Washington so anybody that is close to this area I would love to hear what u have to say and I look forward to hearing your guys' thoughts.