All Forum Posts by: Adam Wigdorski

@Demetrius Pettway

Cash

Check

Ach transfer

Zelle

Venmo

Apartments.com

Zillow

Google online rent collection

@Ferry Vendy

Evans bank

Bank of Holland

Upstate bank

@Mike Hern

Why would the market crash. Just because rates go up doesn’t mean anything except people have to pay more for a house. The banks aren’t loaning at 120% ltv since 2008.

@Sachin Moozhikulam

Check out Rochester or Syracuse ny.

You can find a cash flowing deal 10/10 not in a war zone. You just have to stay away from the big markets right now

@James Cama

Buffalo has basically outlawed any air b n b approval for another except a sfr in certain zones and doubles.

You can apply for the a special variance. So basicaly condos are not allowed to be air bnb’d .

But 99% of bnb’s around here aren’t registered anyways so who cares

@Troy Yates

I personally use helocs and/or commercial lines of credit instead of refinancing.

You usually get the same ltv

Closing cost are cheaper.

More interest only options.

If you have a preferred fixed or 5 year lock in rate it can also save you money.

Just make sure you pay it off!!!!! Or you can lose two properties

@Joe T.

Most lenders offer shorter terms

5 year

10 year

15

20

25

30

If the properties are large enough you can get a 30 year Fannie/Freddie commercial loan. Pretty much the last loan you’ll ever get on it.

I’d take a 100 year loan leveraged and never pay it off.

When you sell 1031 and buy something “cash” if not having a mortgage is your worry

@Courtney Kelly

Yes. In my neck of the woods buffalo ny everyone is fighting over the traditional buffalo double. Those max at before 500 k.

Same goes for single families under 350k

The bigger multi family buyers compete around the 2.50 and up range

But. There still a lot of off market deals between the 800k and 2 mill range as it’s way to expensive for your average joe. And to small of a deal for the big players.

Nice little sweet spot

@Carlton Blair Kutas

I can only speak for me personally and obviously this is my opinion . I can be both right and wrong

I believe stocks and real estate are not related.

If I wanted to invest in the market I would be securities. I don’t like stocks personally and choose to buy a more secure asset aka real estate.

I think the cash flow comparison to a dividend stock is not anywhere near the same.

Companies can elect to cancel dividends at the snap of a finger. They can also do stock splits.

Real estate if you bought it right and is cash flowing day one will not have the volatility like a stock. To capture the equity of a stock you have to sell. Real estate you can leverage while maintaining the original asset.

Stocks also don’t give you the following as a whole.

Income

Depreciation

Equity

Appreciation

Leverage

Don’t see how you can force appreciation in a stock like real estate .

https://www.freddiemac.com/pmms/pmms30

Still some of the lowest rates since 1971

Big picture who cares what the rate is. I’ve borrowed private money at 15%

Your buying the deal as a whole and not based off the rate.

If you need the rate at a certain percentage either negotiate less on the acquisition or walk away and move on.

Or buy at todays rate. Term and rate refi in a couple of years and lower your monthly payment and bring up your cash flow.

Or if it’s a cash cow look at your amortization schedule. Look at the principle amount for month two. Add next months principle to month one p and I payment.

You’ll pay off the property in ~12 years and effectively lower your true rate you borrowed at.