All Forum Posts by: Bram Spiero

Yes. And you may need residence in that state in order to qualify. Check with your target market.

Hi @Vishal Patel, Welcome to BP!

Make it easy for people to communicate with you and to get a feel for what you are about. Finish your profile and add a picture so that you're not some grey silhouette with a tie.

There's always something you know that other people don't. Use that to help.

This community is full of people happy to root for your success, especially when they can see that you are actively contributing to it.

Best of luck to you.

Bram

Jay's right about this being different on commercial loans. I missed that part.

Commercial loans is whole different enchilada.

Your dad could take a mortgage and then a couple of months in transfer ownership to you.

There is a tiny chance that the bank will call in the loan when ownership is transferred but from everything I've ever heard, as long as the new owner keeps on paying the mortgage, banks don't seem to exercise this option.

You'll not have to be qualified by the lender when ownership is assigned to you.

Pros - very low down payment

Cons - must be used as primary residence for 1 year. Need to refinance to be able to get rid of mortgage insurance.

Welcome to BP @Louis Ramos

You'll find that taking a couple a minute to add a profile picture will do wonders for the kind of interactions you'll have here on BP.

As to where to invest, that depends heavily on what you are trying to get out of investing?

Are you looking to buy & hold? Are you looking for cashflow or appreciation or to shelter your income from tax?

What's your time frame? 5 years? 30 years?

If there is an are in SoCal you are considering, go on the MLS and analyze a thousand properties in that market. If there is somewhere out of state, do the same. You'll be able to have a much more useful conversation if have some subjective opinion on potential markets.

Good luck!

Start going to REIA meetings and get to know all the people operating in your market.

Figure out what you have to bring to the table and work on demonstrating that to the investors you meet.

One is established by your municipality the other by the people buying and selling properties.

Tax assessors determine value according to criterea that are not necessarily the same as the ones that influence what people buying homes are willing to pay for it.

@Account Closed

Welcome to BP.

Can't really help you on the wealth management front.

I can say that if you were to add a picture to your profile you're more likely to get engagement. Nothing says, "I'm not here to be part of this community" like that default avatar.

Good Luck!

Try all three. How much does a car magnet cost? 

Just A/B test it to figure out which works best.