All Forum Posts by: Tyler Williams

@Algie Horton

I agree community banks and credit unions are great to work with, but you should also get a broker who can shop it out to multiple mortgage programs.

We use the credit union for all of our bank accounts because it’s easy to get credit lines with zero or little annual fees/costs.

Each time we need a mortgage we check with the credit union, but usually our broker has the best options right now.

Compare and price match wherever possible.

@Levertis Brock

Cash for keys is great.

We had one like this but the deal was great like yours, so the upfront headache made it pain free in the long run.

@Laura C.

Do both!

Always have an agent, or 3 (in different markets).

Plus check your local ads such as Craigslist for investors buying and selling.

ABC - always be Cruitin’ good deals!

@Ben Morand

Have you also considered 2-4 unit multifamily properties?

30 year long term mortgages with favorable rates!

@Jacquelyn First

I typically provide: fridge, oven/stove, and microwave for tenants.

Washer and dryer I do not. (They buy or use a laundromat).

@Thomas Rodgers

Study - invest

Study more - invest more

Rinse and repeat!

@Sam G.

… Plus since you have lived in it you have the opportunity to sell and not get hit with capital gains tax, which you can keep in your back pocket in case you decide to sell later.

@John C.

The first thing to ask is if it is worth your time. What is your goal? Do you have a regular job or do you currently own a business?

For me passive real estate is the way to go. Part of that is because I own a business where I work in it actively every day. So passive real estate provides some diversity and low stress/low effort income for me.

If I worked for someone else and didn’t run my own business I might be more interested in wholesaling or flipping which is more active, or a combination of both.

Back to my original question it really matters what your end goal is and how you want to earn your income.

If you haven’t already checkout these 2 BP episodes:

#442 Bryce Stewart

#448 Dion Mcneely

2 of the best I’ve ever listened to!

@Jon Abadia

Commercial or residential?

How many units?

Go conventional 30 year whenever possible to maximize cash flow and number of properties you can buy!