All Forum Posts by: Michael Foster

Hey! I'm currently a car Salesman here in Jacksonville, NC looking to get started in REI. I've been looking at properties here and using the calculator. Have interests, but I'm looking for an active REI that will be willing to mentor me, and guide me along the way! If you are willing to help that would be great! Thanks!!

@Shawn Ackerman Thank You!!

Dana Walker no I have not tried hard money yet.

Michael C. Hey! Yes, I would love fonyou to run those to me if you like! also, I am looking at MFR and also Condos.

@Kevin Hunter Semper Fidelis! Thank you, I will keep that in mind.

Hello BP! I am new to real estate investing! I have just finished my enlistment in the United States Marine Corp. I am now ready to start buying and renting out properties. I have been studying and reading everything I could about real estate investing for the past year and feel that I am ready to start. I have built a small team also, including RE agent, Lawyer, contractor, etc. Everyday I am constantly on BP and on the internet analyzing deals. Right now I have a few I am interested in in the Huntsville/Madison, AL area. If any have any advice for me or know anyone in this area that would could help that will be great. Next month I will be attending my first REIA meeting next month. Im very excited and highly motivated to move forward. I am glad I have found this website!

Hey!

I have a deal on a 2 building mulitfamily complex totaling of 16 units. 14 of those units are currently rented out. I have done my due diligence on the property and have been looking everywhere to get financing. If approved for financing it will be a 92% ROI with $1,600 worth of monthly cashflow. I have went to every bank in my city! I have also talked to a few local investors in my city. I mainly get turned down due to my credit not being high enough, but I have been highly active and trying to build it. Everyone I have talked to say it is a good deal but then decline to loan/invest money with me. Is there something I am missing? How do I overcome this hurdle? Is it just my credit? Any ideas or suggestions will be appreciated!