All Forum Posts by: Marci H.

@Garrett White how's it going? Any luck I am looking at Starbucks as well. Have you made any progress and if so what path did you take?

From from what I read in various groups is that you would post your listing to Craigslist, Facebook marketplace, with photos of course, and if it's a good deal the buyers will come. If you are in any investor, wholesale Facebook groups you could also post and the ones that allow you to.

I plan to bring additional people but I can't add plus one's

This is awesome information. All I was looking for was Chad Carson and found this information and it just so happens that I am from Jacksonville, not currently living there but looking to invest. I was going to mention meetup.com as a great way to find a REI group in that area as well.

@Orlando Spencer thank you for that online information being out-of-state I was planning to see if there was anything online realtor course. 

@Alex Sanfilippo thanks for asking the question. @Maxwell Lee my sister is a realtor who works with a lot of investors however, I like the perspective you gave of not having to feel guilt when you want to low ball and offer or for me coming in town can be late minute so being able to look at a property whenever I feel like it or going by multiple times for whatever reason, not having to both someone is a bonus.

Awesome community feedback!

I know this is and old post but glad that I found it.

@Prashant P.   I am glad to see your post and that you purchased property. I was looking to use Prosper.com to help me get started but I see that Lending Club is seemingly better considering the amount that one can borrrow and their lower rates. 

I also saw in this post and another that @Dawn Anastasi also used Prosper but also recommends ,in this thread, Lending Club. The property that I have my eyes on is approx. $140,000 and I was thinking of using P2P for the down payment/fees. There are currently tenants who have just recently rented per the management company. I see that you used the funds to purchase your properties assuming that you covered the much smaller closing cost yourself. What are your thoughts on my being able to use the funds for this purpose of down payment/closing fee? Thanks

I have been renting out my home since we relocated out-of-state for over 4 years now. I maintain a home warranty for the appliances and the home owners insurance has been used to cover an almost $30k water, mold repair exposed by the last major tropical storm that occurred as my tenants live there. My AC had the tendency to freeze up every year (until I figured out the cause, me not the repair guy) so I have had to manage that from a distance for the first two years.

There are currently tenants in 3 of the 4 units of property I'm wanting to purchase. I should still be able to maintain the same insurances on this property to take care of the unknowns?

I am just starting out in REI , and without going into too many details I'm somewhat starting over, so I don't have the 10 -15k yet needed for that downpayment and closing cost on a property I really want to purchase. I is a multi-unit (4) and I could identify one of the units as a primary residency (I think, going to take a look at the property) so I may be able to qualify for 1st time home buyers incentives? But for the remaining closing costs and fees I thought that I could use Prosper after doing a little research on their lending amounts and eligibility requirements. I have joined an REI's group locally where I am and signed up for one where I want to move but I don't see how I would be able to connect with anyone before moving there. I am looking for a mentor more so for the purpose of knowing how to assess and contract matters that make me uneasy. I have read, researched and networked but doing it is what I need experience.

When I read Brandon's article on starting out about trying to find a multiunit to begin with so that it can possibly pay for your mortgage on that property, that's the path I was on so it confirmed what I set out to do and so I did. Now how do I finance, before asking friends?

Initially I thought that I would wholesale to build my funds before trying to purchase but I really want to try for this property (I think) [yes i know I shouldn't fall in love with a property,so they say]and if not this there is another that is should be able to purchase approximately 35% below market value. So figuring this out as an option will help me either way. Thanks thousands