All Forum Posts by: Logan Laperriere

Quote from @Robin Simon:

Quote from @Logan Laperriere:

Hello,

Welcome to the BP Forum!

20% guaranteed return wow! What type of guarantees are in place? That sounds like a great investment.

 I don't think their is any bad intent here but people should really stay away from the "G Word" when it comes to real estate returns

 I agree, sounds too good to be true. Challenges can happen in any market. 

I have purchased properties in the past with owner financing. I personally reached out to a local real estate attorney to draw up the contracts.

Hi Jake,

A DSCR loan is a great option for you given your situation. I have purchased multiple properties this way. Besides the down payment and closing costs you typically will need to have 6 months worth of reserves as well. Another option for you would be to partner with another investor who does qualify for a traditional loan. Local meet ups would be a great way to connect with other investors who may be interested. Good Luck with your search!

The Find a Lender tool at the top of the page is a great way to find lenders. 

Hi Declan,

Welcome to the BP Forum!

Will you be house hacking this first property? It is a great way to get started with investing. BP has a great book called "The House Hacking Strategy" I highly recommend reading it. 

Hello,

Welcome to the BP Forum!

20% guaranteed return wow! What type of guarantees are in place? That sounds like a great investment.

Hi Scott,

Welcome to the Bigger Pockets Forum!

Great introduction post. It sounds like you have a solid plan, and already have some experience under your belt. Do you currently invest in the local Greenville area? 

Hi Joab, 

Welcome to the BP Forum!

A great way of gaining knowledge and familiarizing yourself with real estate investing is attending local meet ups. Check out the Events and Meet ups section on the forum for something in your local area. Also Bigger Pockets has many great books about investing I recommend The Real Estate Rookie, and The House Hacking Strategy. If you ever have any questions about investing feel free to reach out, I am always happy to talk about real estate. 

Quote from @Devin De Lange:

Hi Everyone, my name is Devin. I'm a real estate investor based out of the Myrtle Beach area. My portfolio currently consists of LTRs and I am actively looking to expand it to include more SFH LTRs, and MTRs (potentially student housing).

Real estate is a passion of mine, and I'm working get my real estate license to eventually make the transition into real estate full time as an agent, property manager and full time investor. 

The biggest hurdle to investing is capital, and I'm always researching ways to creatively finance my next property! 

I'm looking forward to meeting new people and fellow investors, and connecting further. Having a community is so important -- there is no better way to learn new things and help each other than a place where new and seasoned folks can chat it out and connect on something that can change your life!

Hi Devon, 

Welcome to the BP Forum!

I invest in student housing here in Michigan. It can be a great way of increasing your ROI however renters tend to be harder on properties. I am an agent as well, if you would ever like to chat about the process of becoming an agent or the effects it has on investing feel free to reach out.

Congratulations! That sounds like a cool investment and a great way for people to get started. Have you been able to acquire multiple properties using this method? How much did you spend on the mailers?

Hi Julio,

Have you reached out to any local investor friendly agents in the area? if not the Agent finder tool at the top of the page is a great way to find a local agent to help guide you through the search and purchasing process. When investing out of state in is important to have your team in place prior to purchasing a property. A good local agent will help you to find a property manager, contractor, and investor friendly lender. Good luck with your search. If you are ever interested in discussing the market in Michigan feel free to reach out.