All Forum Posts by: Douglas Dowell

Another potential option is the HUD 221 D 4 hud substantial rehabilitation loan....its a construction to permanent product for a buy and hold project.

The downside is the required reserves are high...like $350 per door. The other downside is the HUD process is loooooooooooooooong.

Considering a JV with an experienced partner is a great idea on this project imho.

I think GREXIT it will put even more pressure on US real estate prices and especially commercial real estate.  My hypothesis:

1.   US is perceived as a relative safe haven therefore all asset types and especially real estate will see increased dollars chasing deals.

2.   The US dollar as a consequence will continue to strengthen.

I personally think make a reasonable offer often.   Emotions are a variable thing but if you make a legitimate offer based on reality its all you can do.

The flip side is she may not be rational...and nothing you do will matter.   The only way to find out is to make the offer monthly until she gets a temporary restraining order. 

The risk of waiting for the seller opens the door for some other buyer.  Nice people can finish first.

I think it is a great place to post because the SEO is really epic.  Google has a vested interest to promote your stuff free.

It seems to me that posting your properties on your blog and then sharing to g+ is a good way to market.

I recommend avvo.com to find lawyer types.  Give a few a call and meet if they have a free consult.

Explain your business model and if they shoot you down then NEXT!   Not all Lawyers are good a for investor's.  

@Christine Luong

 I would guess the loan covenants would spell out your on going obligations via owner occupancy and subleasing.  The intent of the program is owner occupied real estate so my guess is the loan docs might be strict about that option.   

I would recommend speaking with a good real estate lawyer in your area to evaluate your options.   The other option is to evaluate refinance with a good mortgage broker to an investor loan but that would require significantly more equity.

I agree with above that you cannot do that with the SDIRA.

I think the best way to get a similar outcome is to lend to each other out of your ira's but NOT on the title.

A solo 401k might have some features worth looking into as well.

For sure please seek legal and tax advice for acting.   @Dmitriy Fomichenko

 is a great resource.

I believe Rich Dad may be a partially fiction book.   What is a solid fact is the E/S/B/I quadrant as a simple and accurate way to navigate toward financial success.

I also think the free online game/ live cash flow games are a great way to condition an effective thought process.

It is largely a great motivational starter IMHO.

I agree with Joel its good to check your existing relationships.   However, but open to the possibility your bank prefers 7a to 504 from their cost perspective and might not give you a warm fuzzy.

I have not used Jeff but have heard him speak on occasion.  In another life I worked as a real estate attorney and I can say it seems Jeff is a great marketer AND a seemingly solid professional.