All Forum Posts by: Brandon Gentile

I would invest a couple thousand of that in to some serious real estate investing education - most of that being books and maybe a few seminars. Then stick to this site for some real good education and question answering. Like many members have already said, "be careful just spouting off." Every single member on this site would love to get their "hands on $500k liquid capital" if they could. The savvy investor is studied and knows who and what to do with it. Start small and work your way up.

I would get to a couple REI meetings where there are usually one or two good wholesalers who Im sure would help you out.

Also, you could use a general contract and just write in your terms in the "extra terms" section at the end of the contract. I would look up some legal lingo to see what to do in place of "Buyer's Name."

That is an awesome response as well. Thank you for tacking that on to the end of my post. That is so true!

I for one am an ardent Kiyosaki supporter. The man has almost single handedly sparked an entire generation (if not two) of real estate investors. In, all honestly he has done more for - I would venture to guess - 90% of the BP community than any person walking on this Earth in terms of introducing financial literacy and how currency works.

I had no one in my family or any friends who thought this way. After reading all of his books, listening to all of his podcasts, attending a couple seminars, watching dang near any YouTube video I can find on him, and playing his CashFlow game over and over he has cemented in to my brain that assets pay for my liabilities and that cash flow is king. I have never looked at currency the same and nor will I ever. I have him to thank for that and I will do just that some day when I meet him.

Obviously, I still learn from BP and many other people and books and experiences but his mindset/paradigm shift is the one thing people need to gain from Kiyosaki. Take that mindset and bring it to everything that you do in your life.

Awesome, @Garrett H.! Sounds like you are ready to take it to another level! Remember to set up your keywords and connect with as many local investors as you can in person. Don't just limit yourself to digital!! Good luck!

Awesome to have you here @Christopher Norwood! Make sure to set up your keywords and connect with local investors for some meetups!

Awesome, @Jarrod Wafer! Thanks for your service!

This is a great place to connect! Try getting in touch with some local REA's and remember to put in your keyword searches for your local area!

Great questions! Sounds like theres great potential there but obviously run through your WHOLE due diligence list. Obviously, you can take control being that its an off market listing. Make sure you have your own contract and get any clauses and verbiage in there that will protect you.

Does she have anything from her taxes? She should be able to give you something form her reporting. Unless she was just collecting straight cash all along and everything is under the radar and she is reporting it vacant as a loss...These are all things I would find out but get clauses in the contract for whatever it is that you want to check out and make the offer contingent on the satisfaction of any and all clauses.

Good luck!

Also, here are some facts on the property for those that are interested.

Duplex - rented to a couple main level and single person upstairs

Couple has security deposit down but none for person upstairs

I want bills/utilities in tenants name (aren't in their name currently) but not sure what the protocol is after your acquire property for going about that...

Landlord is sick of rental game and wants out. Did not vet tenants but they have been paying for a number of months and get along.

Obviously, I would do more due diligence on the property but it brings up a point I am sure many are interested in...how do you go about assigning new responsitbities, rules, protocols to tenants who are already in said building with their own established contract and routines, etc.?

Thats perfect, Kevin. Thats the way to go. Most people can't do that because of family issues or logistics. This is where the younger crowd has a HUGE leg up on most. If they capitalize on it then they can really start off on the right foot!