All Forum Posts by: Chris Kendrick

Ok for first time new investors, i  went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments, its normal 20 or 25 percent down, so only way i see to profit from rental or investment properties is either flip or do the brrrr method , cause you cant put a down payment of 20k,30k or 40 or 50k, cause it will take you forever to get that money back if your only cash flowing around $300 or $400 a month, you cant buy a property every 7 or 10 years doing the conventional method of buying a house, so you almost got to rehab the house and either flip or get it appraised for more and cash refi to get your money back and rent it out, i dont know how everyone making money, please dont say seller finace, cause that dont exist

Ok so for first time new investors, i went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments, its normal 20 or 25 percent down, so only way i see to profit from rental or investment properties is either flip or do the brrrr method , cause you cant put a down payment of 20k,30k or 40 or 50k, cause it will take you forever to get that money back if your only cash flowing around $300 or $400 a month, you cant buy a property every 7 or 10 years doing the conventional method of buying a house, so you almost got to rehab the house and either flip or get it appraised for more and cash refi to get your money back and rent it out, i dont know how everyone making money, please dont say seller finace, cause that dont exist

Ok for first time new investors,  went to multiple of banks and there is no such thing as no money down or 3 or 5 percent low down payments,  its normal 20 or 25 percent down, so only way i see to profit from rental or investment properties is either flip or do the brrrr method , cause you cant put a down payment of 20k,30k or 40 or 50k, cause it will take you forever to get that money back if your only cash flowing around $300 or $400 a month, you cant buy a property every 7 or 10 years doing the conventional method of buying a house, so you almost got to rehab the house and either flip or get it appraised for more and cash refi to get your money back and rent it out, i dont know how everyone making money, please dont say seller finace, cause that dont exist

Just wondering what property management everyone uses and how much they charge on avg around NC area in raleigh, or is it different for each county or city, also for investment properties i know someone who got a loan for like 0 percent down from a small local bank, has anyone experienced this at all or even maybe like a 2 or 3 percent down, not talking about VA loans or FHA loan, just wondering if a small bank would do this,

I was just wondering how are people buying 2 to 4 rental properties a year, i was just thinking, lets say i got 40k to put down towards a property, that will include down payment and closing cost etc.., after running numbers on a property, the profit i would make , lets say is $300 a month after everything is deducted right, now where do a first time beginner go from here, i have no more money to buy another property in 3 to 6 months cause i just used it all, and it would take me over 10 years to recoup that money back. So how are people buying 5 to 10 properties in 3 to 4 years, i am talking about a conventional loan, not fha or house hacking cause i already have a house, thanks

 I live in durham also and I have some questions for you about rental properties