All Forum Posts by: Beau F Borinstein

The people that bought up a lot of properties and held those properties are the "winners" because of how well the market has done. Not being leveraged helps in corrections or downturns if you are working with commercial lenders. A lot of people will disagree but I think being at around 60-70% LTV is healthy for a portfolio

Hello Stephen! Figure out what the market rent is for the 3 bd unit and then take 50% of what that income is and 50% of what the 2 bd unit should be. If you are just taking 50% and letting the other guy live their rent free then you are getting the short end of the stick.

A way to get around it is double closing if the spread is enough. Just make sure to disclose that you are an agent in the PA and find a friendly wholesale title company!

DM me if you are still looking for a good property manager. I did months of research and calling different ones and found which I thought were the best few!

If I were you I would look in secondary or tertiary markets that still have a lot of product! DM me if you want more info about what I do!

Hello Vlad! I actually own a turnkey rental business here in Indianapolis, I am also an agent! I would not recommend investing in the 465 circle in Indianapolis because a lot of times you can't even get the 1% rule. Which I believe is not a good standard in the first place. I find a lot more luck in the secondary and tertiary markets. What my company does is it dials in all of the income, expenses, provides a 3d virtual tour, along with an inspection of the place. If you have any desire send me a dm and I can show you a current deal we have right now! 

Hey Craig! I am an agent and investor in the area! I mainly deal with rentals as I own a turnkey rental company. I'd be happy to show you and help you buy any of these properties you are looking for and can setup a search for you!

I'll send you a dm with my info!

Are there any long term asset based loans that qualify strictly off DTIR (debt to income ratio) along with maybe personal reserves? I currently am self employed for under 2 years and I currently own a turnkey rental business and use hard/private money but sometimes I have the urge on really good deal to refi into a better rate so I can hold these deals. Uncle Sam can't take if I hold.  I truly only understand conventional lending and hard money. Still trying to understand commercial lending to the fullest and the different avenues within that. So if you guys have some info, I would really appreciate it!

I currently own my primary residence free and clear but cannot take out a HELOC even at 50% LTV. This is because I am younger and currently can't show two years of income as self employed. I am considering taking a job as an acquisitions manager for a big flipping company just so I can get the W2 income to get my HELOC, but I understand that is selfish and wouldn't be with the company for very long. I even have a large amount of reserves to cover anything. The primary use of the HELOC would be so that I can do more turnkey properties at a time. Anyone have any advice on an asset based HELOC? Do they even exist?

 If you see a near downturn in the future caused by interest rates/current conditions in the world, airbnb/luxury good and vacation spots are the first things that you will see less of. I see it as a different asset class, don't put all of your eggs in one basket!