All Forum Posts by: Lawrence Moore

Normally motivation for investing doesn't come from rappers but I think we could all learn something from what Rick Ross says just after the 3:50 mark in the song "Buy Back the Block" 

https://www.youtube.com/watch?v=X7sf3_QkC3c

Start with a duplex, work your way up to a house. Happy investing

@Ethan Castleberry fantastic! 

I am a student at SFA and am looking into getting my first property soon. Is there a certain niche you would like to get into? Are you wanting a property that is move-in ready? 

Greetings Ethan and congratulations on saving up a good amount for your first investment, and congratulations on your upcoming newborn. 

Are you wanting to invest only in Lufkin, or would you be looking to expand elsewhere?  

what're your investment goals? I'm out of Nacogdoches

@Alexander Straffin You've got a couple of options here and I'm in the same boat as you for the most part.

You could go with a hard money lender however they will charge you a massive amount of interest (12% from what I've usually seen) until you can refinance and get your money back. 

You could also try and use seller financing if the person selling the property owns it outright, which is how I'm going to try to make my first purchase soon. 

BP posted an article not too long ago about creative financing methods and it's fantastic. https://www.biggerpockets.com/renewsblog/creative-...

I love creative financing and my friends make fun of me for coming up with new methods for fun while at school but I'm a nerd at heart. 

I think they're still grieving from the showcase Thomas Walkup put on against WVU

@Curtis Bidwell I didn't intend to discriminate, but rather pose the question of at what point would you consider yourself personally to be over-leveraged? 

In my scenario I was thinking of someone who has 30 properties all on their own, and if for some reason 30-50% of their occupants vacated then they would be left with a bunch of mortgages they couldn't pay.

Out of curiousity from my previous post (https://www.biggerpockets.com/forums/311/topics/34...) 

I figured I should ask this. How many properties do you all own fully compared to leverage/finance? Do you believe you can ever over-leverage? Obviously while you're young it is a good thing to do, but I don't think someone who is 65 should have 30 leveraged properties all on their own. 

Any thoughts? 

Greetings Tammy! 

I am an aspiring investor in Nacogdoches, and attend Stephen F. Austin. 

I'm hoping to close on my first deal this spring since I will be out of the country from October-February so I'm sure your help would be appreciated! 

@Chris Quinn the tagging system here is odd, haha

Awesome well I may be looking to invest in that market in the future, especially if they hit those numbers... Saturated markets just scare me