All Forum Posts by: Scott Slocum

 Wow... that's great. You are cash flowing $584 even after the refi?  Kudos 

When will BRRRR be out on Audible? I've been through 4 books in the last week and half. If I actually had to read them I probably wouldn't have made it through one. Just don't have the attention span.

Another question, I have been looking at a few REO properties and when it comes to making an offer on these types of properties is using a real estate agent recommended?

Thanks for all the responses.  I did get the Long Distance Real Estate Investing Book on Audible.  I will probably listen to it a couple times to pick up on stuff I didn't get the first time around.  

James Wise thanks for the info.  The beard picture is a couple years ago, it's way more epic now.

Not really George. I think I missed the boat here in California.  8-10 years ago was really good for for those that were prepared.  Unfortunately I was in residential construction when the housing market tanked and it has taken this long for me to recover well enough to try and invest. 

Ok, here I go. I am looking at a long distance investing maybe brrr. No, I haven't got the new book yet. It is next on my list.  I found a some property I am considering making offers on. I live in California the properties are in Tennessee and Alabama.  I'd prefer to not have to rehab my first deal though. I want to pay cash first then cash out equity and by more. I have never bought a home.  First question,  are there any other cost associated with buying all cash. Second,  who could I get to go and  check them out for me ( property managers, realtors or someone else)? For you long distance investors , who do you use? What are your steps? Check list? Please give me some insight.  TIA.

When using a broker,  are there any additional points tacked on the loan?

I'm pretty close to ready to pull the trigger on my first buy and hold rental property. So, my question is Do I approach banks individually, find a mortgage broker or use a online company like quicken loans? My plan is to house hack a quadplex and use a FHA loan.