All Forum Posts by: Cam Schumacher

Have you looked at a HELOC to pull money out instead of full cash out refi? The refi will probably raise your mortgage rate. Bellco credit union is advertising a 3.99 HELOC at the moment.

@Monique ODell

However unlikely, I would imagine there is someone out there that could pull this off.

Answer A) Could you find an off market apartment complex for $5M owner financing 10% Down? Between cash flows and potential appreciation (forced or otherwise) it might be possible.

Answer B) Ask Grant Cardone to 10x it for you!

A couple things come to mind on this report.

How confident are you in the ARV?

Are you using a conservative rent rate?

Is your acquisition a convential loan?

Will the rehab really take 6months?

5% would be a fantastic investment mortgage rate, however if your second was a cash out refi, the rate tends to go up. Did you confirm this?

Not sure if these links will work but please try...

https://www.google.com/search?...

https://www.meetup.com/find/?a...

I would definitely suggest signing up for local investor meetups. 

Setup a keyword search for the markets you are interested in. I don't have tons of time to read the forums between a 9mo baby, finishing a master's (that I have zero motivation for), deal hunting, and a 9-5. But the keyword search let's me narrow down posts I am interested in.

Nice tiny house you have there!

Back to your original questions. Have you put together any marketing materials for your "Tiny Acres" communities? You should look up local real estate investor meetups to find other local investors and maybe get a chance to pitch your idea. You could also create your own Meetup event. If people really have a number of people that want to move in early, can you collect reservations/pre-orders/deposits?

Hi Joe.

This is just my take on it but VC's want 10x because they feel it's proportial to risk. Why would I put my money in an unknown venture if it was only going to return 8%-10% when I could get that in sticks or a syndication deal?

What kind of returns would your tiny home community provide?

Are tiny homes still booming? I heard a lot about them a few years ago and saw a good number of builders but it seemed to dwindle. Probably because people couldn't find places to park them or because they can't tow them with a Subaru JK.

I'd love to see what others have to say on the matter.

@Stefanie R.

Following to see other's opinions. Usually the deal breaker for me on Condos is the HOA/Condo Fees. Looks like this would be $436 a month in fees? I also heard condo boards can change the number of units allowed to be rented out? It always seemed to be risk but I never dug much deeper in condo deals which is why I'd love to hear what other people have to say.

Congrats! Keep the momentum going!

I did some LVP on garage stairs and platforms just to dress them up a bit. For $20 they still look great 7 years later.

A lot of of commercial remodels at work have been using them too. So much nicer and cheaper for kitchens and lobbies.

@Clint Galliano

Clint, did you ever get some feedback? I say them listed here and have been reading some of their email marketing but would also like to get some feedback.