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All Forum Posts by: Daniel Infante

Daniel Infante has started 3 posts and replied 26 times.

Post: Newbie from Hungary loving the advice

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5

@Neil Crook hey neil! Im looking at investing in hungary in the next few years. Would love to talk if you can!

@Eddie Ward

Sounds good! What kind of price ranges are yoi looking up there. Just curious.

@Eddie Ward nice to meet you! I have family in columbus but invest in dayton. What kind of deals are you getting up there?

Post: Subject too financing

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5

Hello!

What are best ways to get leads for "subject to" purchases. Would it just be DMM? If so, what specific groups would you target and how would you word your message? Are there any other methods you could use?

Any advice or new perspectives would be greatly appreciated! Love this BP network!

Post: Hello from Japan

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5

@Engelo Rumora i totally agree. Im living in japan but have a network and portfolio in ohio. Its great for cash flow

Post: Investors in Japan?

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5

@Dylan Tettemer

Hey Dylan, dont live in northern japan but in hiroshima. Which part are you in? Tohoku?

Post: obtaining loans based on income of the property

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5
Originally posted by @Robert Shedden:

@Daniel Infante

Some things to look for... can you add a bedroom somewhere or cheaply add some desired amenities? Is the square footage accurate (is there a lot more than the MLS is showing?). Is there extra land that can be built upon, or sold off separately? Are taxes extremely high compared to nearby homes, and can be protested and lowered? In today's tight market, try to find value where others can't (or are too lazy) to find...

Robert, good ideas.  I already had the idea of the potential for increasing bedrooms/baths in my mind, but I didn't think about the sq idea or the idea of protesting taxes.  Those are little gold mines.  Thanks so much!

Post: obtaining loans based on income of the property

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5
Originally posted by @Robert Shedden:

@Daniel Infante

Great to hear you've jumped into RE! I would suggest analyzing 2 to 3 deals per day just to get a feel for things. You can easily practice with MLS listings until you understand how to pick a part deals and find the hidden value. It is a lot harder than it seems. But if you keep after it, you will be rewarded. Best of luck!

Thanks a lot for the advice Robert. Yes, I am trying to do that. I look through the MLS at least once a day and see what is there, running numbers, trying to get an idea of what areas are viable and what type of units. I also just joined a wholesaler community in my area so I'm looking at deals through there as well. Its a lot of fun and I really feel like I am learning a lot about the markets.

regarding your comment about picking apart the deals, I think I know what you mean, but could you elaborate on that a bit? perhaps there is something I'm missing.  If so, I would really appreciate hearing it.  I'm always trying to expand my mind on how to look at opportunities!

Post: obtaining loans based on income of the property

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5
Originally posted by @Prashant Sheth:

Seems like you have a lot of responses here. Like most people said you are likely to get 75% on your existing properties. The question really then is.. what are you goals? are you looking to create cash-flow streams (rentals) or appreciation. BRRRR definitely meets both criteria, however since you aren't local to the US it maybe a small challenge to find that managing the remotely is a pain. It'd be great to actually create an investor friend or 3 that would be your working partner while you get to be the finance partner. Such partners are good to have if you can workout a deal that is fair to both sides. This way your money works for you while you are in Japan working on whatever it is you do there.

I helped another couple (friends of mine) just buy a 4-plex in San Antonio, they wanted a simple revenue stream and went through a learning curve for first time investors (what they want, don't want, manage, don't want to manage, etc).  On the flip side, since we are friends my help was super cheap :-)  

Do you visit the US frequently that you can manage this on your own or are you here infrequently.  Feel free to reach out if you are interested in central Texas market

thanks for the comment! in my area, I'm pretty much looking for cash flow and forced equity through rehabilitation.  I don't think I need a partner in the states.  I have family there and my long term goal is to move back there at least half of the year.  I'm trying to get control of around 2million worth of property which cashflows about 150 per 100k equity, Then I'll basically stop working out here and spend summer back in the states, and winters traveling.  

But I am going to look into partnerships, I want to get FHA loans, that would help me achieve my goals much faster. But without a w2 that won't be easy. I can put up a good percentage of the downpayment and go in there to do the painting/repair work to get them ready for top dollar rentals in exchange for someone who can get us a great interest rate.

I usually come to the USA for about a month a year, but I will be coming back every time I buy a home that needs rehab work.  We have nearly all the tools to get it done, and I love the work.  I have heard great things about the texas market but also that it is getting a bit overvalued.  Although, I really don't know much about it as I have no connections there and have never run numbers of properties.  But it sounds like if you have been in the market for a few years you must have been doing very well!

Post: obtaining loans based on income of the property

Daniel InfantePosted
  • Investor
  • Dayton, OH
  • Posts 28
  • Votes 5
Originally posted by @David Gotsill:

Hey @Daniel Infante  There are a number of active Japan-based BPers. Among those that I communicate with most frequently are: @Daniel Mills, @Matthew Pinkston and  @Casey Maeda

I'm in Japan in late December. I'll be close-ish to Hiroshima (on Shikoku), but no time for REI chats (sob).

Much appreciated! I reached out to them.  This network really is more powerful than I fist gave it credit for! Unfortunately, I won't be in Japan then anyway.  Spending about a month in Europe for the holiday season.  But definitely let me know next time you come to Japan.  You are based in california?