All Forum Posts by: Steve Oxenreider

@Cesar Tamayo absolutely, looking forward to seeing you there.

Thanks for the welcome everyone.

Hello BP,

Long time listener, first time caller. I've been around BP for a while now, haven't posted much and haven't been particularly active here or in real estate. What better time than now to change that, right?

I'm 32, married, and have 3 sons. I've had an interest in real estate since I was in high school, after I read Rich Dad Poor Dad (sound familiar?). I've revisited real estate many times over the years but never seriously pursued it.

I'm interested in networking with other investors, both online and in my local area (Reading, PA area and the surrounding counties of Lancaster, Lebanon, and Montgomery). To that end, I'd love to hear some southeastern PA investors' experiences with contractors, hard money lenders, agents, attorneys, etc. 

My plan for my business is to get a few flips and wholesales under my belt and then start moving into buy and hold. I'm still in the early stages of seeking out deals in my local area, driving for dollars, direct mail marketing, etc.

@Tim Porsche Would you mind PMing me the name of the contractor?

I too would've figured the quote was for everything, especially considering all the roofing is essentially the same process to replace it (not shingles on one part and rubber on another).

@JT Stewart, does the daughter actually want the properties? If the properties are in fact free and clear, she might be much happier inheriting the remainder of a 30yr note.

@Doug Maye I know my lender told me that was not the case. Lending being as complicated as it is, I would certainly visit any potential lenders and see what they have to say on the subject.

@Travis Good You mind sharing a few details? The property is in my back yard (I grew up in Mohnton). If it isn't right for me, I might know someone.

Just curious, if you're setting everything up as a 3-way partnership, why not title the properties as such? You don't all have to be on the mortgage to be on the title.

I would be very careful purchasing a property inside the city of Reading. There are some very bad areas. I would recommend contacting someone with some knowledge of the city before moving forward with this deal.

I live within 15 minutes of the city and I avoid it like the plague. That being said, there are plenty of investors that work in the city, perhaps you could work out a deal with one of them?