All Forum Posts by: Anthony Liguori

HI Damian,

I saw your post thought I would introduce myself, I am a realtor and investor here in the Columbus market. We work mainly with OOS investors and manage and handle finding them buy and hold as well as Flip houses! The Columbus market has been nothing but great for us! We stay busy and always have deals coming to my desk, always looking for more funding! We are competitive with our return for our private investors/lenders. I personally own 8 rental properties and this number continues to grow! How about you? How do you invest from OOS?

Thanks

@Anthony Liguori  you got it! its like a line of credit, no interest until you actually borrow the money.  And it is easy, you go to the teller its like withdrawing money from your own checking/savings account.  we have borrowed for down payments, rehab/repairs and paid back, then borrowed many successive times after without any new paperwork or approval.  

@Anthony Liguori  you got it! its like a line of credit, no interest until you actually borrow the money.  And it is easy, you go to the teller its like withdrawing money from your own checking/savings account.  we have borrowed for down payments, rehab/repairs and paid back, then borrowed many successive times after without any new paperwork or approval.  

@Anthony Liguori  A Signature Loan is like an unsecured line of credit.  It is un-collaterized and is not a mortgage on any real estate that you own.  Therefore you can get one of these loans even if you you don't own ANY real estate.  So its a perfect alternative for new investors.  The loan is based on your good credit, your income and your "Signature", therefore the name.  They places that have these loans are typically credit unions.  Some that I've seen have these Signature Loans for $10,000 to $75,000. 

The first 11 properties that I bought were all zero down in one way or another. 

90% bank financing, 10% private second

92% bank financing, 8% signature loan

97% bank financing, 3% signature loan

71% seller financing, 29% second mortgage on other property

66% mortgage assumption, 34% second mortgage on other property

80% bank mortgage, 11% seller credit, 9% signature loan

80% bank mortgage, 20% second mortgage on other property

100% signature loan

100% partner's funds

100% partner's funds

80% bank mortgage, 26% Section 1031 exchange, 4% seller credit

My favorite way is to find deals I can buy at 35-40% (or more) off of current market value and use the BRRRR strategy. In my market these types of deals come up all the time. I use a LOC from the bank or my own cash and repeat. To use a LOC all you need is a great relationship with a local bank and likely a strong financial background and/or proven expertise in what you are trying to do. I currently have a dozen deals going right now using the LOC and cash strategy to BRRRR the properties. At the end of every deal I have none of my own money tied up (when I use the LOC) or I get 100%, or more, of my original cash back (if my own cash is used).

No worries, I know it was a long post! The property is in Shreveport, LA. Returns and CoC are technically infinite because I invested $0 into the purchase or rehab (just the carrying costs). The property is currently rented out for $1,500 and all of my expenses, including management, are about $1300.