All Forum Posts by: Jordan B.

I am in the process of picking up my first few investment properties. My question is this. Is there any advantage/disadvantage to buying a house all cash and then financing after. I realize the advantage on the better offer to seller side, more interested in the financing side. I am approved for commercial loans, that's not the issue. I have the cash to front on a few properties at a time but definitely want to have them financed in a reasonable amount of time for the sake of leverage. So in short, is this even an option, will it save me or cost me in the end? Thanks everyone!

@JD Martin, I love the idea of not spending money on the things that don't make money. I waiver between these lines of spending money to save time (time is an asset most of us abuse) and trying to go the more cost efficient route

@Chris Adams, so your saying if I buy the hard copy of Quick Books instead of the download I can use the Inuit Payment Network?

Thanks for the quick responses!

Hello!  I am just starting out in but and hold investing and trying to figure out the best computer program for bookkeeping, tracking rents, expenses, etc.  Initially I was going to use quick books but have read about a few programs tailored to rentals. What are you using? Pros and cons?  Would love to have a program that could potentially have credit card payments for tenants. Btw I run Mac computers. Thanks everyone!!!

Elizabeth, the buying of good and "great" deals are one place I see that will just take experience and time to get. I want to ride that line of not passing up "good" deals in search of the home run out there. But all the while knowing my stopping point on an investment. Thanks!!!

Thanks Colin, I couldn't agree more. The more articles, discussions, and podcasts I use really drives home the fact that real estate kind of is a "living creature". It has different characteristics and ways of operating in different locations and markets. I think that learning from mistakes is the best way to retiain information, it's just a bonus to learn from others mistakes (and successes) here at BP. Thanks again!

Hello everyone, I'm relativity new to the forum here but have done much research with all the wonderful resources here. I will try to keep his on point. I am heavily invested in my stock portfolio and have slowly come to realize that I have a lot of money in a system I don't fully trust or believe in its operating systems. So my wife and i have decided to take some capital out and invest in real estate. Inititially I was going to buy a whole portfolio off an investor which looked solid in a big picture but some of the properties were not performing individually at all so we will build from scratch. Better this way, cheaper mistakes to learn from! I have met with my CPA, attorneys, and financial advisors. We have target rates and cash flow and exact percentages from lenders to run the properties through. Our LLC is set up and funded, insurances in place. I have my business plan wrote out, we have decided on our target neighborhood class and know where we would like to be sitting in ten years. I would love for this to become a career for myself as I really enjoy taking on tasks and problem solving tough issues. I also have a construction background. I know most of you will think I have gone overboard in preparation but when the time is right I want this machine to be insert property here and all the gears to be moving already. Do you entrepanuars out there see any important steps to consider before buying?

Hello everyone, my name is Jordan and have been enjoying the site here and the podcast for a while now. My question is this, my wife and I have all our money wrapped up in stocks and really feel now is the time to get into real estate. We have little to no experience in this but this I have been meeting with local investors and learning as much as possible. I recently met with a gentlemen who is looking to sell out in order to buy out a partner in an insurance firm. He has 21 units with a 16 percent return in two cities fifteen minutes apart, one of which is the city I live in. He offered to sell them to me in a group deal. Now I could purchase with cash but would rather finance a large portion and not take the hit on selling out stocks. What kind of financing is available for this type of transaction with multiple properties involved. What numbers do I need to request to see, what is the pertinent information in buying properties in bulk. In short, what papers do I take to my lawyer, CPA, financial advisor.  Specifically what questions do I ask. This man is an old friend and has proven honest and trustworthy time and again. But $500000 is nothing to balk at. Thanks for all the insight and anything you can inform me of