All Forum Posts by: Austin Fowler

Everett,

Send me an email.

Hi Rudy,

In case it can help w/ your funding plans, you might also consider unsecured funding. Funds can be used for down payment or gap funding, as well as 100% funding of a purchase. These can report to your business credit and therefore not show on your personal credit.

Be happy to connect.

Best,

Dave

thank you Dave i appreciate you replying, i am brand new to real estate , just bought my first house in las vegas, so i'm lo on funds , would like to possibly buy a rental property, i only have 10k to work with

Check this loan out: https://www.cmgfi.com/all-in-o...

I've shared about it before, not a lot of people know about it. I'm not a lender, but I'm in real estate and I see the value in this product. It's not for everyone, but it allows you access to the equity in the property without having to open a HELOC up.

Thanks for clarifying those points that I had recalled you had made on previous threads, and sincere apologies for paraphrasing inaccurately in regards to average hold period. Also thanks for the insight on how your company works. It's clear that REI Nation is a league above most if not all other turnkey providers, which helps explain why your client's operating costs in the first years of ownership are so much lower than a typical turnkey or other investment property, and why your average tenancy is longer. From reading your posts and from your stellar track record and reputation in the industry, I believe your data to be accurate despite not having any firsthand experience with your company. Perhaps your renovations, systems and management are really that good. You've obviously not just doing a lipstick cosmetic flip and outsourcing management like a lot of "turnkey"/ turn and burn providers are. I would never recommend that anyone underwrite a typical turnkey property or other investment property using such low percentages of rent for maintenance and capex, as in my experience most rentals will have operating costs that far exceed the somewhat arbitrary number at the end of that equation, but you've obviously got great data to support your recommendations on how to project cashflows for your properties, so hat's off to you. Thanks for taking the time to chime in.

So SDIRA wealth & REI. Have you encountered any issues during that process you described from lending to repairs prior to closing with REI? If so, what and how were they mitigated?