All Forum Posts by: Zachery Buffin

Yeah, correct me if I am wrong but if you were asking for owner financing you should make it a little more attractive than bank financing right? I mean you are asking for 28% down for what I am assuming is an interest only ballon payment style loan. Even if that isn't the case, and you're talking a conventional 30 year amortization period I am a little confused here about the terms.

To be clear I am familiar with the area and this is actually a pretty great deal I am not being a jerk, I just want to know about the financing options and if he is willing to talk about it. If not I would just do conventional myself. I am not beyond my DTI or in need of other options so I maybe am just in need of having less money on hand.

Certainly after today I am more jazzed than ever! Thanks for everyone who came out today as we had great talks about properties we have work on, deals still out and even a hurricane horror story. It was a full day and I look forward to the next one!

Done

In my opinion the best way to invest it safely would be in 3/2 ranchers. It is like a savings account with much better interest rates. If you have the money to invest in your area all the better but if not there are plenty of online resources to find turnkey solutions for you to park your money. If you have a large enough chunk of change and are just not sure what to do with it this is the safest asset on the board, 3/2 ranchers are always desired if you ever want to get your money back and you can receive passive income managed by the turnkey otherwise. Not to mention the tax benefits associated with property, this can somewhat offset the taxes you will be charged if this is a gift or other kind of windfall. It is also good to grow your wealth through the power of the 1031 exchange, this all being said I would consult an accountant as I do not claim any expertise in this area. 

Now if you have a little more savvy to you and are more comfortable with leverage multi families are superior for returns on investment and passive income streams. You could potentially put the 20% down-payments on more than one duplex, triplex or quad in a lot of good areas and spread your assets out a little more diversely. Similarly you could do this with SFRs but the truth is if you are investing out of state or even locally but using property managers you will save yourself the PM fees in multis. 

Now if you are really really savvy and if you are I don't know why you'd be asking this question but the best option is probably to pick up notes. There are several articles here on BP about the subject but being the bank is always the best. Less hassle, the fees are in your favor and you can't beat the constant stream of cash for no liability as you're not a landlord. I hope this helps and best of luck with your new found wealth! 

Hey guys sorry it has been such a busy week so far, I had three houses come across my desk yesterday and sold two of them so far. Just been really busy running around showing them and meeting clients. I did get a table in the dinning area reserved for us at 1 PM at Pinewood Social which is on 33 Peabody St. in Nashville. They said that the largest table they had in the main area was a booth, which we have reserved. I look forward to meeting each and every one of you I hope there is enough space! The response has been fantastic and I am excited!

@Bryan White Of course you're welcome! In fact I insist on it!

No worries I hope all goes well! Congrats again for winning the auction. 

@Edward Ferrer

@Daniel Brown Which of the two places and what time?

Also there is a Robert Kiyosaki event on the 23rd of September here in Nashville. I don't know how many seats are left but it is free and last I checked there were 25 left so I would hop on it if anyone is interested.

So the results of the survey suggest that 12 noon is the most popular time to start with a 1 pm start being second most popular. The responses also made it clear that people preferred not to go to a brewery with Jackalope being the second choice. Pinewood Social looks like a good place @Dylan Boyd thank you for the suggestion.  

So if everyone can agree, noon or 1pm at the Pinewood Social or Acme Feed and Seed. We are slimming the choices down. So if everyone who wants to go will respond to this with their choices of time and place and how many people they are bringing I can call and get this reserved for us September the 9th if that works for everyone.

Looking forward to it and so excited by the energy and enthusiasm special shout out to @Gerald Pitts and @Dan Beaulieu for the PM's offering helpful hints and research! You guys are all doing it and I love it!

I actually moved up to Tennessee from the Auburn area which has a Tuscaloosa as well but I can assume you mean the one near Birmingham haha. I would love to get to know the area too. I am looking to expand my buy and holds into northern Alabama as well. Huntsville is a priority but Birmingham is nice and I always liked the city when I would go visit.