All Forum Posts by: Brandon Gamblin

I want to ask cash flow/rental investors is there a certain amount in rent that you wouldn’t rent under when sourcing for properties? Lets just say you found a property, did your research and came to the conclusion that it would rent for $1,000 per month, but the minimum that you'd rather rent for is $1,250 per month.

Is this important to have as part of your criterion?
Or are things like cap rate, cash on cash return and cash flow more important than the amount of rent you receive?

I might be having trouble trying to convey an idea about real estate investing. Maybe you all can help me clarify it? So here goes:

I understand that as real estate investors, we know that it's about buying in the right market, with the right strategy and with the right financing. I believe that is the baseline goal for every investor.

I've been scraping over Google and this forum for a post/thread or an article on an, “investor’s depth in their ability to buy” (Best way I can describe it). I’ve typed in terms/Keywords like, “Investor purchasing ability”, “Purchasing power of real estate investors' ' or “Property buying strategy for real estate investors”. I'm basically looking for something that glazes over or goes in depth about how an investor can set themselves up with as many options as possible to go about buying, but I can't seem to find anything.

To better explain what I'm trying to say, let me give some examples:

One investor might have his “buying artillery” or “buying depth” (still looking for a term to describe what I'm saying) as;
1. having a private lender and,
2. Being able to use conventional lenders.

Another investor might have;
1. $200,000 in cash sitting in the bank,
2. Some Type of partnership or a 50/50 LLC member ownership with his brother and can buy under that LLC because both of their credit scores are 700+, and
3. A hard money lender he can use.

How would we go about describing this and how can we teach and help other investors know their “purchasing ability”(If possible) and be able to “stretch” it as much as possible to “expand their ability to buy” as much property as their “buying artillery” allows them too?

Me, for example, being transparent, I only have the ability to use a hard money or private lender, but that is about as deep as I can go with my ability to buy right now until I can get my credit score up enough to get qualified for conventional funding too, if that's what I choose to do.

We know that the term "Buy Box" refers to an investors standard that could give him/her the green light on buying a specific property they might be looking at, if it passes that standard.

I believe that I'm lacking in the correct nomenclature and can't find the correct terms to describe this idea or concept that I'm trying to convey. Can someone come to a mutual understanding of the idea that I'm trying to express about having multiple or as many ways to buy property? I don't see it talked about enough. But maybe its because I'm not typing in the right keywords!

Is there a particular word for it?

And what are the best ways to set yourself to expand your “buying power” of properties?

I might be having trouble trying to convey an idea about real estate investing. Maybe you all can help me clarify it? So here goes:

I understand that as real estate investors, we know that it's about buying in the right market, with the right strategy and with the right financing. I believe that is the baseline goal for every investor.

I've been scraping over Google and this forum for a post/thread or an article on an, “investor’s depth in their ability to buy” (Best way I can describe it). I’ve typed in terms/Keywords like, “Investor purchasing ability”, “Purchasing power of real estate investors' ' or “Property buying strategy for real estate investors”. I'm basically looking for something that glazes over or goes in depth about how an investor can set themselves up with as many options as possible to go about buying, but I can't seem to find anything.

To better explain what I'm trying to say, let me give some examples:

One investor might have his “buying artillery” or “buying depth” (still looking for a term to describe what I'm saying) as;
1. having a private lender and,
2. Being able to use conventional lenders.

Another investor might have;
1. $200,000 in cash sitting in the bank,
2. Some Type of partnership or a 50/50 LLC member ownership with his brother and can buy under that LLC because both of their credit scores are 700+, and
3. A hard money lender he can use.

How would we go about describing this and how can we teach and help other investors know their “purchasing ability”(If possible) and be able to “stretch” it as much as possible to “expand their ability to buy” as much property as their “buying artillery” allows them too?

Me, for example, being transparent, I only have the ability to use a hard money or private lender, but that is about as deep as I can go with my ability to buy right now until I can get my credit score up enough to get qualified for conventional funding too, if that's what I choose to do.

We know that the term "Buy Box" refers to an investors standard that could give him/her the green light on buying a specific property they might be looking at, if it passes that standard.

I believe that I'm lacking in the correct nomenclature and can't find the correct terms to describe this idea or concept that I'm trying to convey. Can someone come to a mutual understanding of the idea that I'm trying to express about having multiple or as many ways to buy property? I don't see it talked about enough. But maybe its because I'm not typing in the right keywords!

Is there a particular word for it?

And what are the best ways to set yourself to expand your “buying power” of properties?

I might be having trouble trying to convey an idea about real estate investing. Maybe you all can help me clarify it? So here goes:

I understand that as real estate investors, we know that it's about buying in the right market, with the right strategy and with the right financing. I believe that is the baseline goal for every investor.

I've been scraping over Google and this forum for a post/thread or an article on an, “investor’s depth in their ability to buy” (Best way I can describe it). I’ve typed in terms/Keywords like, “Investor purchasing ability”, “Purchasing power of real estate investors' ' or “Property buying strategy for real estate investors”. I'm basically looking for something that glazes over or goes in depth about how an investor can set themselves up with as many options as possible to go about buying, but I can't seem to find anything.

To better explain what I'm trying to say, let me give some examples:

One investor might have his “buying artillery” or “buying depth” (still looking for a term to describe what I'm saying) as;
1. having a private lender and,
2. Being able to use conventional lenders.

Another investor might have;
1. $200,000 in cash sitting in the bank,
2. Some Type of partnership or a 50/50 LLC member ownership with his brother and can buy under that LLC because both of their credit scores are 700+, and
3. A hard money lender he can use.

How would we go about describing this and how can we teach and help other investors know their “purchasing ability”(If possible) and be able to “stretch” it as much as possible to “expand their ability to buy” as much property as their “buying artillery” allows them too?

Me, for example, being transparent, I only have the ability to use a hard money or private lender, but that is about as deep as I can go with my ability to buy right now until I can get my credit score up enough to get qualified for conventional funding too, if that's what I choose to do. 

We know that the term "Buy Box" refers to an investors standard that could give him/her the green light on buying a specific property they might be looking at, if it passes that standard.

I believe that I'm lacking in the correct nomenclature and can't find the correct terms to describe this idea or concept that I'm trying to convey. Can someone come to a mutual understanding of the idea that I'm trying to express about having multiple or as many ways to buy property? I don't see it talked about enough. But maybe its because I'm not typing in the right keywords!

Is there a particular word for it? 

And what are the best ways to set yourself to expand your “buying power” of properties?

Ok guys.... Here the situation...

I'm strapped for cash. I need a loan to put into my real estate business but my credit is not good and in the process of being rebuilt. I've tried and tried to get a personal loan but things aren't working out like Id hope. But I'm not giving up hope!!! 

I paid off my car about a year ago, and despite believing heavily in not having a car note (At one point I had three cars and paid all three off) I might have to put up my car for collateral just to get the funds for a real estate deal that I'm trying to buy creatively, as well as use the funds for some operating expenses for the business. 

I've looked into putting my car up for collateral, but the issue is, UNFORTUNATELY, these banks are STILL looking at my credit!! Even with a job, the banks are still accounting for it and, to be honest, I'm not happy about it at all. Frustration has sent in and I sit and ask myself, "then what's the point of a collateralized asset if my credit is still being looked at??!!!" 

So I now set myself to find some private lenders who lend outside of institutional underwriting guidelines, and according to their own guidelines. Maybe there are some PRIVATE lenders out there who will lend based on my car? Like they would real estate? I don't know.

But that's why I've come to this forum. To get the thoughts of financial and real estate geniuses about this situation of mine. And to hopefully steer me in the right direction. 

Thoughts?  

Hello everyone!

Looking to network with Cashbuyers in Iowa for the Des Moines, Davenport, Cedar Rapids and Iowa city markets! I'm in the process of sourcing properties and talking to sellers and would like to build a solid relationship with my cashbuyers.  Lets connect! 

Does anyone have any recommendations for property insurance for rental investors?

Can anyone give recommendations for a good lender that does DSCR loans? I have a couple of properties I'm looking to buy so I'm asking for advice and insight on how to deal with these types of loans.

Does underwriting also have something to do with financial modeling? And metrics such as cash on cash return, net operating income, cap rate, rent to price ratio, etc. All this is part of underwriting correct?