All Forum Posts by: Antoine Martel

Kathryn. I would buy rental properties as well so that you can begin to create some passive income for yourself and your family. I'll PM you.

Page. Instead of flipping houses have you thought about lending or joint venture on other investors brrr projects? this would be a great way for you and your husband to grow some capital while continuing to work your 9-to-5 jobs. Flipping houses is a full-time job within itself and it's going to be difficult to keep your 9-to-5 and flip houses.

Hi Austin. Here are some things that I would show your father. Option one would be to invest as a private money lender and they 12 percent on his money he invested directly out of his 401(k). Option two will be to lend hard money loans on other investors projects this could be a 12 to 13% with a couple of points. Option three would be to be an equity investor in long-term projects this could be returns anywhere from 10 to 25%.

Hello. I am from Los Angeles and live here currently and I can tell you that being a realtor in Los Angeles is very difficult and very competitive. Of course I bet that St. Louis has its competitiveness as well but here due to the large amount of population and large amount of people who are interested in real estate now it's become a very crowded space. if you have the drive and motivation to work hard then you can find some success but don't expect it to happen overnight.

Jose. I solely invest out of state and I have my broker or realtor on the ground manage the rehab projects. Sometimes they require a payment for this service but it allows you to grow your business.

Keller williams where I am does 80/20.

Steve, welcome to BiggerPockets. I have a couple of properties in my portfolio that would fit your criteria that you're looking to invest in and they would help supplement you're salaried position. Please reach out to me through direct message and we can connect!

Kevin congrats on selling your business and welcome to the real state game. I'm just as young as you and have been investing in real estate for the past couple of years. You can do a lot with $60,000 and I'd love to see if we can maybe do some things together I love working with young entrepreneurs send me a private message and let's talk.

Was this supposed to be a private message?

Jane, this is a great question because it comes up a lot and many people are confused as to when they can appraise and how much they'll get the appraisal for. we do many of these deals every year and normally after the rehab and after we rent it out we like to hold onto the property for 6 to 12 months. The banks want to see this period of rental income before they give you a cash out refinance. There are some other lenders out there who will let you do a cash out refi less than six months but the maximum out of money you can get out is your purchase price. if you wait out the 6 to 12 months then you can get a loan based on the appraisal that comes in for the property. Mostly we are getting 75 to 80% LTV.