All Forum Posts by: Debbie Fales

@Stephen Jones To answer your question above, I personally don't see online learning replacing the in-person college experience. But I do see your point. I would suggest paying close attention to fall enrollment rates as we (hopefully) resume post-pandemic lives. That way, you may be able to predict potential red flags down the road. 

The beauty of real estate investment in a college town is stability in rental prices. With a reliable tenant pool and well grounded property appreciation, you typically won’t have to worry about rental prices falling—there is a good chance you’ll be able to get even more for rent than you otherwise would. Since the school plays a big role in supporting the surrounding town’s economy, college towns are some of the most dependable spots for real estate investment.

Best of luck @Stephen Jones!

@Lorraine Martin And don't forget about probate leads—the owners of inherited properties can be very motivated to sell. Also, sometimes private lenders have off-market properties for sale from deals that may have gone sideways. 

Good luck! 

@Kyle Schroeder Don't forget about probate leads. They are often an overlooked category of off-market properties. You may also want to consult with some private real estate lenders who may also have properties available for sale from deals that went sideways. 

Good luck!

Hi @Donny Adams - You may want to consider a private real estate lender who will qualify you based on the value of the investment property and/or its projected rent and not on your personal income. We have a lot more flexibility with terms and rates than a traditional bank or CU. 

Good luck! 

Debbie

@Danyale Martinez You might want to consider finding an experienced investor to join the deal with you—maybe at a local meet up group or other REI event. For us as private lenders, we usually like to see at least 10% down although we have flexibility depending on experience and asset value. On the plus side, though, we don't qualify folks based on their income but, instead, on the value of the property itself.

Best of luck to you!

Debbie

I agree with the consensus that the 80% LTV at 4% sounds pretty fair. For our rental loans, the rates start at 3.99% with an LTV up to 80%.

Good luck!! 

If you are looking for a loan based on the property alone (and not your income), you might want to consider a private real estate lender. Our rates depend upon experience and money down but start at 5.99% for a fix and flip loan and 4.75% for a rental loan. 

Would be happy to chat further. Best of luck to you! 

Out-of-state investing does present unique challenges but also provides the valuable benefit of portfolio diversification. You know what they say—don’t put all your eggs in one basket. With enough variety—the theory goes—when one asset gains another loses, offsetting some of the overall variability. Along those lines, diversifying your real estate portfolio geographically may offer you similar protection from swings in the market. Faster price appreciation in, say, Nevada could offset lower profits in L.A.

Best of luck, Kenneth! 

Hi Jacob ~ We have some clients who have had success with probate leads. Check out All The Leads or US Probate Leads for details and training. Good luck!