All Forum Posts by: Kevin Moen

That question is kind of like asking 'does it make sense to invest in real estate?' Not necessarily a clear answer. I would start with "What are your goals?". Have you defined them? What is your investment strategy or the WHY behind it? I have purchased non performing notes in the past. They can be great. I am now focusing on performing notes due to their ability to provide very low risk, no headache cash flow. I also sell performing notes. If you are interested in learning more or chatting, let me know. 

Kevin Moen

@Garth Fritel, I echo the groups welcome. I am based in Seattle, own 10+ units in 4 states, and will replace my income with rents and note payments by the end of the 1st quarter of 2016. If you want to chat about investing in high cash flow markets, finding a local flip, etc. let me know. Kevin @ RootEnergyHomes.com. I am happy to help, and have been wanting a rental in Eastern WA for a while. Maybe we could do business. 

 I just want to chime in, while there is a lot of truth to this post, and some "Gurus" are scammers, the statement "the best education you will get is forums..." is complete non sense. There is some great info on these forums, books, etc. However I have 2 paid "Guru" mentorships and they both have rocketed my achievements and growth in real estate. Not everyone is trying to scam you, and you can never plan for ALL the unknowns or learn a business through forums and books alone. 

Wish I could make it, have a wedding to attend. Thanks for the invite/tag @Julian Buick

Neal, 

Are you working with a servicing company? They are the one's who hold all necessary licenses, and handle collections for my non performing notes. You certainly do not need a license to foreclose, and I would recommend working with a professional collections company if you are going to pursue that route. 

Kevin

John, 

If you let me know your buying criteria, or ideal asset/exit, I can help you out. Feel free to email me at [email protected]. 

Kevin

I am interested in loaning you the money if you can send more details about the property. I am a private lender and have colleagues in NC that can help me ensure I am meeting all rules and regulations. Please send a summary sheet, or deal info to [email protected], my spam filter is pretty picky, if you dont hear back from me within 24 hours, call or text 253 508 1705. 

I look forward to reviewing the deal. 

Kevin

You can buy a $50,000 property that will cash flow $600/mo in the mid west. I can help if that is something that interests you. 

Kevin

I agree and second what Bob says. That being said, what are your goals and timeline? 

As a younger investor, I like a mix of notes and rentals. Notes are low risk and no tenants, toilets and trash, to piggyback Bob; however if you want passive income for greater than 30 years, good luck with notes. 

Thinking of income for 30+ years, I enjoy a mixed bag of both. Just be sure you stay on top of repairs and maintenance for your rental. But a business person, or person who can utilize organizational systems can overcome that hurdle rather quickly. 

Kevin

Thanks guys, I appreciate the help. @Andrew Sterling I will give a call today if time permits, or shoot an email over the weekend.