All Forum Posts by: Tim Marion

Great advice from everyone - humorous too! There is a RE agent that live in my neighborhood that comes by my home every couple of weeks informing me that she has a cash buyer for my home and if I wanted to sell. I asked her if she had any other listings in the neighborhood and she does not. I am sure if I told her I wanted to sell that all of sudden there wouldn't be a buyer any longer.

By the way, I'v been reading the site for the last few days and have learned a lot, especially since I don't know very much to begin with. Guess I need to start saving my money -or borrow some from the Bank of My In-Laws! ;-)

When we say, "Hold long...", define long? Without knowing their plans, I would say at least 5 years. They got into RE investing/rental property because their money was just sitting in the bank.

Thank you for responses. To buy and hold for rental income. They were told by a real estate agent that they would only be able to secure financing after having rental income for 2 years. Is that true? You would think with three home paid off and cash that they wouldn't have a problem.

Hi,

In the last year here in AZ my in-laws have bought 3 SFR for cash. They are retired and do not have any expenses other than health insurance, food, fuel, etc... They are in the hunt for another property. Question, would it be better to buy one home for cash or finance and buy multiple?

Thanks!
Tim