All Forum Posts by: Bradley Snyder

Hello,

I am an out of state investor looking to get into some STR in the Central Florida area. I know the STR laws are quite diverse across the state. Does anyone have certain markets that are STR investor friendly, that I should focus on? I would appreciate any guidance or recommendations.

Brad

I would like to purchase a Multifamily home in the Tampa using an FHA home loan. Is there any specific lenders that specialize in FHA loans?

I'm active duty military and have a home I used my VA loan to purchase but is now a rental due to me being moved overseas. I want to buy a Quadplex to live in when I retire in 3 years. I read on the FHA guidelines that an AD military member can buy a home now with using FHA but don't have to occupy it until discharged from the service.Are there any lenders or mortgages brokers familiar with this? Also, any restrictions with having a VA loans and FHA loan at the same time?

@Will Fraser thank you for the advice!

Hello. I am just starting out and looking for partners. Can any one recommend a proper equity split in the below scenarios:

Scenario 1:

Partner 1 is a season real estate investor that has done several flips, BRRRRs, and owns several multifamily homes. He approached partner 2, a eager to learn newbie, to invest in a potential out of state flip with him. He tells him the numbers are: purchase of $10K with rehab of $20-25K and ARV around $70-$80K. Partner 1 is seeking a $35K investment from partner 2 with a ROI of 15% in 4 months. Is this a fair deal for partner 2?

Scenario 2:

Partner 1 is an out of state newbie investor that is eager to get started. He has found Partner 2 , also a motivated newbie, in the market Partner 1 see potential for flipping. Partner 1 has enough money for a HML, good credit and a full time job. Partner 2 does not have any capital to invest but is familiar with market, boots on the ground, and has a project management background. They work together and found a home to flip with a potential $30K net profit. Partner 1 has taken all of the financial risk has the HML all in his own name. Partner 2, has met with agent, the contractor, and will be ensuring the project is on track. What would be a reasonable partner ship?

Please feel free to ping me with questions or things I might of not considered. I can't wait to see where this discussion goes.

Hello, I would like to refinance my current VA loan under the IRRRL guidelines. I've spoken to USAA and Navy Federal but was told they wouldn't refinance it due to me currently renting it out ( I'm now stationed Overseas). Does anyone have experience with IRRRL or have recommendations on potential lenders I can speak to?

Hello, I’m looking at buying a vacation home loin Columbus Ohio. I heard a vacation loan would only require a 10% down payment and I can use it as a shot term rental, while I’m not using it. Has anyone had experience with this in the past? Would I be able to buy a multifamily using this strategy?

Hello BP friends! I am looking into buying a multi family home in Columbus Ohio, for mix use of short and long term rentals. I would like to connect with local agents and/or investors that are familiar with the short-term rental market that help point me in the right direction and/or partner up on some deals. Thanks for any advice you can provide.

Hello BP! I’m a newbie investor that is looking to start a flipping business in the Upstate SC. I’ve found several potential deals but have trouble with getting a contractor to come give me and estimate without having the property under contract. Anyone have recommendations? Or know of any investor friendly contractors?

Hello,

I am buying a fix and hold in West Philadelphia, near the zoo, and would like to do a walk through with a contractor to get an estimate on repairs. Can anyone offer any recommendations?