All Forum Posts by: Andrew Garcia

Hi @Jake Mackenzie, I can refer you to a lender that can do it for your mother.

She should not be punished for owning the home free and clear.

Hi @Alex Grullon, I am not sure what you can do with your current lender other than follow up incessantly.

In the future, a better lending partner will be your best course of action.

Sorry I could not be of more assistance.

Let me know if I can ever be of assistance.

Hi @Haylie Saler, I am not sure which exact calculator you are referring to but it is likely based on the pro-forma NOI and cap rate.

Hope this helps! Let me know if I can be of any assistance.

Hi @Olumide Ajisola, you are in the right place!

There are a ton of like-minded individuals on this forum. Hopefully, you find one soon.

Let me know if I can be of any assistance.

Hi @Kevin Bowen, you are in the right place! There are lots of great realtors and PM companies in the community.

I hope you find someone on this forum. Sorry I could not be of more assistance.

Let me know if I can ever be of assistance.

Hi @Khanh Tran, I would take the highest lender credit possible that you can get from your lender. That will allow you to cover most, if not all, of your closing costs.

You will have a higher rate with this. However, the higher rate does not matter as much since you are only keeping it for a year.

Make sure you have a fantastic on-the-ground real estate agent in Midwest City.

Other than that, you seem to have a sound strategy.

Hope this helps! Let me know if I can be of any assistance.

Hi @Daniel Gilbert, I am from Concord. Nice to see someone from the area!

For the Charlotte market, most will not cashflow unless you are buying a cheap home (<300k) and are doing some sort of value-add.

A lot of institutional investors are buying up properties here. Their goal is not cashflow.

They are buying these properties so they can capture appreciation and write off taxes.

It is a wealth management tool, not an income tool.

You can look at cheaper properties, get creative, change strategies, or find a different market.

Hope this helps! Let me know if I can be of any assistance.

For real estate, since you will only be operating in the state of FL, I believe you need a FL LLC. I would check with an attorney, however.

I have not heard of that service but if they are legit, you can try to do it.

You also do not need to close in an LLC to get foreign national financing.

I will send you a colleague request to get you introduced.

Hi @Kimothy Bynum, not a real estate agent but I would love to connect.

Accountability partners are always good!

Hi @Angela Thach, you will want to have a holding company with each individual division as a separate LLC subsidiary.

Obviously, you should consult an asset protection lawyer but that is a high=level overview.

Hope this helps! Let me know if I can be of any assistance.