All Forum Posts by: Caleb Brown

Like CJ said those condos in Florida are killing it. OOS works if you have the right team and place. I'd stay there and buy more. You can always go to Midwest(like KC) cities and use the 37K for down payment on a SFH or Duplex.

What's your goals in Real Estate? If you are able to house hack your first one to get experience while using an FHA loan. The other benefit to this is your DP is only 3.5%. If you can partner to take down larger properties i'd do that too.

I got connected with an investor and they are looking for hotels. Where can I learn and study how to analyze hotel deals? All advice is appreciated :)

If you go FHA to house hack they can loan as low as 580 but the interest is high. I'd recommend 620+ credit score. FHA is an owner occupant loan so interest is in the 3's. If you don't live in it and do a conventional loan credit would need to be 640 from what I've seen but possibly lower. I am not understanding your second question. The loan will cover the total purchase price minus down payment(Example-duplex is 100K loan would be for 80K if you had a 80% LTV). The minimum for FHA loan is 3.5%, if you did a conventional loan 15% is the minimum but you can put down more. I'd put down 15%-20%. Hope this helps.

The power of real estate and determination is awesome! OOS investing can be a powerful tool for certain people.

@Donald E Appleberry

PM me details

@Alex Sabio

Pm me

Anything below C neighborhood I'd run. If you have NO experience with section 8 or those type of tenants why purchase a property that large. If you want to test the waters buy a SFH so it's easier to exit. Don't ruin your REI or your business by seeing a shiny carrot.

If you find a cash flowing multi i'd be happy to chat. Looking for more multi family :)

For your first one OOS would be scary and risky. If you have a trusted team in place and visit them OOS would be a good route. Always do your due diligence on the professionals you work with. Midwest would be the sweet spot for properties, you have a mix of job growth and migration towards those cities while prices are affordable. An example here you can find a B property for 120K that rents 1,200-1,300 pretty easy. Best of luck!