All Forum Posts by: Preston Dean

Hi @Scott Fuller

Welcome to BP!

As you begin you REI journey make sure to build a team around you, or like Brandon Turner from the BP podcast says - your CORE 4

1.Contractor

2.Deal Finder

3.Money guy 

4.Property Manager

You can find 3 of the 4 here on BP. You might have to do some digging to find your contractor though. 

Best of luck!

@Oren Dadon

Just sent you a message with a contractor recommendation 

@Matthew Lewis are you trying to FSBO? or is it already on the market?

You need to market that 4.875% assumable loan!

Happy to help. 

What interest rate do you have on the loan?

is it FHA/VA assumable? if you have a lower rate (under 5.5) you could leverage that to new buyers.

Also, consider giving seller concessions. That will help bring you a buyer. If you want to have such a large negative cash flow that is 100% up to you. It would help come tax season & a tenant paying down your loan but that's about all. Don't forget property management fees. 

Happy to help. Best of luck.

Hi @Danny Jim.

Right now I would suggest Benbrook. Smaller up and coming (fast) suburb south of FW. 

Always here to help!

HI @Mason Stewart

My business partner is a HML (hard money lender) I'll send you his info via a connection request!

Hi @Cameron Gundvaldson

My business partner would probably be willing to help you and be a "mentor".

I'll send you a friend req and a PM with his info

HI @Orlando Chavez

like you said unless you have 20% down or more you won't be cash flowing in this market. its just not the same as it used to be. 

@Christopher Simon You are correct, my apologies. I would suggest getting with a broker and asking for admin assistant limited access. I don't think you would be able to have full access. 

Either way good luck!

Hi @Fay Chen

Check with @Andrew Postell