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All Forum Posts by: Lance Ray

Lance Ray has started 5 posts and replied 26 times.

Post: Maturation rate

Lance RayPosted
  • St. Louis, MO
  • Posts 27
  • Votes 13

Thank you for that, @Chris Mason, very helpful.

Post: Recent transplants to STL

Lance RayPosted
  • St. Louis, MO
  • Posts 27
  • Votes 13
@J.C. Crane thank you for the offer. Could you contact me?

Post: Maturation rate

Lance RayPosted
  • St. Louis, MO
  • Posts 27
  • Votes 13
Greetings, BPers; I understand we can use conventional bank loans (for single fam, and <4 unit MF) before they begin to dry up after your fourth or fifth loan. My questions are these: How long should one wait between obtaining each of the loans? Do you state the properties acquired as "income" when you're technically supposed to be living in one/some of the units? If this is already addressed somewhere on the forum, please let me know. I've not found this discussion. Thanks in advance. L

Post: Flaw in the BRRRR strategy?

Lance RayPosted
  • St. Louis, MO
  • Posts 27
  • Votes 13
Hello, all; I watched the webcast as well. Being a newbie I'm wondering how to accurately forecast the ARV price of these 100 properties every 30 days to vet the good, bad, and ugly. Am I to rely on a realtor or appraiser willing to churn data the same way we as investor are? If this is addressed somewhere on the forum, could someone point me? Thx

Post: Recent transplants to STL

Lance RayPosted
  • St. Louis, MO
  • Posts 27
  • Votes 13

Thanks, Gents.

@JC, that would be great. We will be officially moved Dec 1.

Post: Recent transplants to STL

Lance RayPosted
  • St. Louis, MO
  • Posts 27
  • Votes 13

Relocating to St. Louis, MO. We've purchased several single fam homes over the past two decades. it finally dawned on us to use real estate as an investment tool and not just a place to live. We have hundreds of questions and this forum appears to have thousands of answers! Looking forward to lively discussions. First step, purchase a multi-fam to owner occupy.