All Forum Posts by: Michael Swope

Bought a 3 bed 2 baths 1400 sq home in Enterprise AL for 97k and ARV should be roughly in the 130-140 range. I will be looking to sell within a month or two but slightly open to renting (1,100 monthly, the mortgage is 620) the home out due to me relocating across the country. I've had horrid luck trying to find contractors in the area and from the research that I've gathered the management companies are subpar if that. This gives me more want to sell vs rent. However, I am entertaining a partnership with a member that has low funds (2,000) but a stable income. I would like to structure a deal so that the member will take over ownership over time, generate passive income for myself, and/or take off most if not all the financial burden, and delegate the management of the property to them. Does anyone have any partnerships that have anything close to this structuring methodology?

My girl friend is in student loan debt. She is having an issue with her student loans (federal and private) and doesn't see the light at the end of the tunnel and can tell she is lost on how to get out. She has a decent job making $70,000 annually but living in San Francisco with the cost of living takes a good portion of her income. Wanted to reach out to the community to see if anyone had any ideas on how to refinance or of any programs out there. She has tried to consolidate her loans through sofi and other companies but with no avail due to her debt to income ratio. Any help would be much appreciated. 

Some details on her loans; 

Federal Loan 

        1 $30,362 @ 6.875% Monthly payment of $200

Private loans

        2 $10,151     @   5.75%  - Monthly payment of $85

        3 $38,119     @   12.125% -  Monthly payment of $445

        4 $37,116     @ NA  ("written off as bad debt with the hopes of statute of limitations") not sure if that applies to private student loans

        5 $14,145     @ NA  ("written off as bad debt with the hopes of statute of limitation") not sure if that applies to private student loans

Looking for partnership/s to gain experience and to get a better ROI over my savings account, IRA, and 401K. I have set a goal of buying my first investment within 3 months, with or without a partner. I'm seeking a partner to learn from their investing experiences (if any, but not required), gain experience, and to build a strong network/team. As I mentioned, I will buy an investment within 3 months but I have always been a part of a team and know its always better and easier to be a part of a team than to do things on your own.

 A few bullets about myself. 

- Military Officer

- College educated

- Determined to be self-employed within 5 years

- 770 credit score

- Current full-time job is an operations manager for a food distribution service

- Reside in San Francisco CA but looking to invest in both in and out of state. 

If anyone is interested please feel free to PM me and we can set a time and date to talk.

-Mike

Shiloh,

interested in the becoming a partner. Lets set up a time to talk. 

-Mike  

@Ryan Hurd is that what you were referencing when you said buy other properties?  

@Brent Bowers Mind sending me the info too.