All Forum Posts by: Ben Morand

@Will Gaston Wow that thread was incredible!! Literally just spent a good hour reading through it. I appreciate it man!

@Nicole Masters nice! I read that book a few months ago and loved it! My girlfriend and I are planning on getting into a house hack as well later this year after she graduates college. I’ll shoot you a PM now :)

@Garrett Christensen Gotcha, thanks for the advice! I just sent you a connect request

@Garrett Christensen you're the man! I actually do have that book but haven't read it in a few years. Might give it another go as a refresher. I've really only ever been on the STR and MTR side of things, so LTR is a foreign land to me haha!

Hey guys! Currently I manage 5 short- and medium- term rentals and am considering entering the student housing space, specifically rent-by-the-room. Just curious if anyone has any good book recommendations on the topic? Thanks so much!

@Adam Oldham Man that sounds incredible! I’ll go check PM’s now. Thanks a million!

@Harjeet Bhatti @Ash Hegde you guys rock!! Thanks for the insight!

@Kerry Noble Jr that would be fantastic! Thanks so much!

Hey guys! I manage a few STR's remotely and am planning on getting into a few MTR's in the near future.

I have a question about finding contracted construction workers/engineers. I've read about people seeing construction companies working on big projects (seeing their trucks, signs, etc. on site), calling them up, and getting tenants that way as one lead-gen strategy. 

My question is, how would someone do that from afar? I've thought about possibly researching permits for large projects in my market and finding the companies tied to them, but I'm not really sure how to do that or if there is a more effective method of finding construction companies actively working in my area?

Essentially, if anyone knows a way to get contacts for construction companies doing work in a market without physically seeing their signs/trucks on sites, I'd be extremely grateful to hear.

Thanks a million!

Hey everyone! Quick question about refi's since I've never gone through with one before.

Context: I graduated college April 2022 and set out on my real estate journey. I own a management company and am making enough income to qualify for a conventional loan. I also have excellent credit (around 800). Only thing keeping me away from the loan is work history. My business has been operating for just 1 year now (as of this month) and this will be my first tax return for it. I do not have a W2 job outside of the business, so I am planning on approaching my parents to co-sign with me on an FHA loan to house hack a property, utilizing their W2 work history to qualify.

Question: They would likely be open to co-signing with me. However, they wouldn't want to be tied to it for longer than they need. My question is, would I be able to refinance to take them out of the loan in some capacity after 1 additional year (since I'd then have 2 years of business tax returns)? Most likely, there would not be much forced equity in the property, so I don't think the refi would be into a 20% down conventional loan. I'm just not sure if I'd be able to refi into another FHA, or even a lower DP conventional loan after just 1 year, or if I'd have to wait to reach 20% equity to take them out of the equation.

Hopefully this makes sense and I am really looking forward to any insight. You guys rock, thanks a million!!