All Forum Posts by: Tom Suba

@James Wise

Thanks James!

@Wendy Pattton

Thank you for your comment and yes getting creative is the one thing that that seems to be a must at this point. Just learned/discovered about Subject Tos and found it to be very interesting strategy which I would definitely like to learn more about.

@John Jackson

I guess I’m still unsure how to decide between buying cash and having that much more cash flow as oppose to putting next to nothing down while generating less cash flow, but having some cash left for another deal thus creating more cash flow.  Would the only way be to actually analyze/compare the actual deals side by side?

@Brandon Turner

Thank you for the links can’t wait to dive in!

@Amanda Mueller

Appreciate the encouragement!

Hello BP community! The forums and podcasts have been a wonderful source of knowledge as well as information, and after lurking for a bit I suppose it is time to introduce myself.  Name is Tom Suba and I currently work in the field of global logistics.  I graduated from the WP Carey School of business at ASU with a finance degree few years ago.

I purchased my first home in 2004 in Prescott Valley.  In 2009 I bought my Surprise home and rented it out for about a year before moving in.  I still own my house in Prescott Valley which is now occupied by a family friend who has been basically paying the mortgage, so no extra cash flow, but someone at least someone else is paying off the mortgage in the mean time.  I also bought a empty residential lot in the Prescott area (Diamond Valley for those familiar with the area) few years ago which has just been sitting.

You could say I became an accidental landlord just like many others, and until recently did not think much of it.  Recently however I got interested in creating other income streams besides my salary and here we are.  

I have little cash, my lot in Prescott, equity in existing properties, a potential partner with some capital who has construction experience, and my limited experience as home buyer and landlord.

Currently trying to learn as much as I can and figure out my strategy on getting into real estate.  Any tips or advise at this stage would be greatly appreciated.