All Forum Posts by: Nathan Williams

1350/month rent on a house worth 180K is not a competitive return IMO. Also 1000/month on 100K house barely meets 1% rule.  Since you are no longer in the area why not cash out and invest in a higher return market?

I think one of the best ways to begin is with FHA home hacking. If you already have a home, perhaps a equity loan?

Investing in the 401k is a absolute YES when you get employer match.  That 6% contribution shouldnt impact your real estate endeavors much.  And then as others said there can be opportunities down the line to borrow from your 401K.

That would be extremely expensive money borrowed.  You are going to get hit with fees on whatever marketplace you do this transaction on, then you will get hit with credit card interest which can be 20%+.  I do not recommend this at all, especially if this 20K is not something you can pay back in the near future.

Here is something I did before. I have a card that does occasional 0% + $0 fee bank transfers and the base APR is 9% which is somewhat manageable. Thats absolutely free money for a year, but with this card I cant just do a bank transfer check into my bank account. So I got around that once by using another credit card that does $0 fee cash advance, did a 25K cash advance into my bank account, and then immediately did a 0% 0 fee bank transfer fee to my other card. I used this to help buy a property but even with these much more favorable circumstances I would not even recommend this to anyone unless they are able to pay that bank transfer off within a year.

two homes I purchased were listed "as is" but did not have that in the contract.  Both times the seller was flexible with negotiations. I would imagine many as is sellers would rather concede a buyers credit instead of seeing the sale fall through and having to disclose the defects that were discovered.

computer science degree and currently getting a MBA... I barely even consider myself a "part time" real estate investor at this point. I dont plan on quitting my day job even if real estate income eventually exceeds my salary as I have some career goals I still would like to reach before retiring.

I live in California and have two out of state 2 rental properties, both condos, both paid off.  One is worth about 60K, the other about 50K.  I want to borrow equity from one or both of these to help ramp up on buying more properties but from my understanding many lenders dont deal out loans for this low of value, or dont lend out against condos or investment options.  So I would like to know what would be my best bet for a conventional loan (heloc/equity loan/etc) and if anyone knows of good lenders for this situation.  thanks 

save your money and self learn... there's very little a coach could provide that you cant find freely available and understandable online and then you can always ask questions on platforms like this.

as a customer being able to NOT pay up front is big for me.  Anecdotally, I noticed many repair men seem to do a worse job overall (slower, lower quality work, coming late or even cancelling on days) when paid up front.  If my job paid me a month in advance I could easily see myself less motivated to work hard.  And then if there's disagreements or new items to  re-negotiate, you lose most of the leverage if that person already has your money in their pocket.  And then I've been outright robbed from someone who took my money and disappeared.  I'd much rather do a daily pay as you go agreement where the repair person is literally working for their pay each day. 

  Im not saying all repair men are like this.  The best contractor I ever hired was one who required up front deposit.

I'm considering putting an offer to a condo in Indianapolis as an out of state buy and holder... everything was looking VERY good until I learn the owner has no lease agreement with the tenants currently living there which appears to be some kind of roommate situation.  My immediate thoughts are how on earth could I even enforce the rent paid and the potential nightmare it might be if they refuse to move out.  

Im thinking I should insist on the owner getting a transferable contract signed by all parties before closing otherwise I walk away.  Any thoughts on this? thanks