All Forum Posts by: Toby Russell

Hi everyone. I'm typing up my first lease agreement and adding in a few amendments I've heard on bigger podcast to a standard lease I got from a mentor. My question is What are the top amendments to leases people have added?

I've done my first deal today as a matter of fact but now looking at what I have left in cash I want be able to do much else in order to have some on hand for any unforeseen repairs. I'm trying to find owner finance in order to get that lower down payment. Does anyone have any suggestions on how to argue for owner finance with someone who is afraid of it?

Hi everyone I'm a new buy and hold investor looking to build a list of local wholesaler to follow and keep in contact with in the thomasville, lexington, high point North Carolina areas. Trying to stay close to home for the first few but would love to expanded later. Thanks please leave me you Facebook, instagram etc.

Hey also a newbie here, but I was under the impression that you don't touch it because it's essentially not your money until it is your money if that makes any sense.

so far all I've found is in the low 5's and those were also credit unions. All 20% unless you want to pay PMI

I'm kind of glad in not in the charlotte area. Seems from the post on here the market might be flooded. I'm also looking for the elusive financial freedom. Trying to close my first one this month. 

Hey everyone. I already introduced myself in the intro section but not to locals. Im from the Thomasville/Lexington area of North Carolina and I'm new to the real estate game and trying to close my first condo rental. I'm interested in every parts of it that can make me money fast and long term. Wholesale,buy/hold Rentals, flips etc. I look forward to talking to all of you in the future

yeah @Tom S. that would be great if it was my first home. @Ron S. with this first deal I should have about $100+ monthly cash flow and with the type of down payment I'm going it will be even more a month if I can get more properties. From the math I've done I can pay off many properties just as fast as one. 

great response. Well the rich parent thing is out the window so what are my other options after I'm out of down payment money? That 20% down hurts. I hear people talk about hard money but seems like to me that would work great for flipping when not holding the property for a long time but not so much with a rental where it's a buy and hold. Newbie here and about to close my first deal. I'm just trying to think ahead. 

no but the bank will only finance so much at a time that the rent can off set. If I can find the owner finance I can acquire more properties faster