All Forum Posts by: David Wright

@Rolando Garcia - I am not in your area but the following questions below are questions you want to ask to make sure you have the best Property Management and Title Company, regardless of where they are located, for real estate investors.  I hope this helps you:

Property Manager

Title Company

@ Eric Smith - 

1.  You need to find as much training on the topic Owner Financing and Lease Options, especially in your state.

2.  It's not a sell if its a rent to own or lease option, so you can not sell with a Lease Option and Rent To Own because the deed never transfers it stays with you, not the tenants.  Now, if you Owner Finance the property, its a sell and the deed transfers and you would do a wrap mortgage.

Again, get as much training as possible on Owner Financing and Lease Options.

I wish you the best.

By the way where is the property located?

@Gal Ozana - that is weird, we tell our borrowers the exact opposite that it needs to be in a LLC or Corp. Give me a call I should be able to help you if you have not already found someone.

@Karen McInnis - you are asking your question at the right place.  I am not in that market, however let me give you another piece of advice.  Call at least 3 Title Companies and ask them the following questions below.  Most title companies will say that work with investors but these questions below will insure that are truly an " investor friendly" title company.  I hope this helps.

@Richard Oswald - you are going to have to give us a lot more information than what you just gave us to get advice.  What is the purchase price?  Condition of property?  What is monthly taxes and insurance?  What is the rentals in that immediate area?  need more info...

I wish you the best.

@Kal A. - protection from personal assets is the number 1 reason.

@ Eli M. -11 Capital Finance very trust worthy and does all of PA.  I am may be a little biased.   

@Jessica Beard - There are so many courses on getting started in real estate for no money down (which is not exactly no money out of your pocket, because you will need money for marketing, but $15K is a great start).  You will most likely discover that wholesaling will be your best avenue to start.  Just check here in Bigger Pockets and Google search terms like "getting started in real estate investing" and "wholesale real estate courses".

Do not allow analysis paralysis to rob you of your success in real estate investing you can do it!

I wish you the best.

@Spence O. - A few questions:  How confident are you that this property is in good condition?  Do you have experience fixing and repairing houses?  

Playing it the safe way I would have the city come out and tell me what needs to be fixed.  And if you are confident that the property is in good condition, why not do it the safe way.

@Christian Martinez - What makes you say the MYC market is just not ideal?  

Learn as much as you can, like you appear to be doing, but do not allow learning to replace moving forward.  Jump in and get going.  Your good credit is great and will help you tremendously with all the lender programs available to real estate investors.

Now with wholesaling you truly only need money for marketing and your credit does not matter.  So that may be a good place to start.

I would also suggest you Google "Real Estate Wholesale Courses for free" as well.

I wish you the best.