All Forum Posts by: Adrian Stamer

Wow at the 7 year old thread bump

Interested in finding out more about Columbus OH, drop me a pm

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For everyone saying cash flow doesn't matter, how do you explain this to the bank with minimum DCSRs on the loans? Is everyone here just buying SFH or using creative financing?

I understand I can just put a larger down payment down to force enough cash flow, but every dollar more down reduces returns further 

 Sloped floors make amazing event venues 

That was quite the journey. Congrats!

Also interested in connecting with Roanoke and Lynchburg folks. Mostly in the Augusta, Staunton, and Waynesboro area currently 

 I work specifically in this area, properties too big for your first timers looking for a duplex yet too small to be interesting for government multi financing. The key is calling every single small bank/credit union in the greater area around the property and asking them all what they offer. They will all vary in loan products. Some could be 7% or others could be 8%. Some could give better terms on 1-4 units but worse on 4+ units and vise versa. I rarely see 30 year amortization… I see banks offering 15%-20% down far more often. It’s not too often I find banks willing to let a seller take the second, but when you find that bank it is very useful. The seller wants full price? Have them give you a low 0-5% second or finance it entirely to get the deal done

Older millennials are in their early 40s now… I don’t think people realize there are middle aged millennials