All Forum Posts by: Dustin Thoms

I Andrew, I’m interested in getting into the area.  Just hard to find an investor friendly agent/PM to work with

I'm looking for a great PM company in the St Pete area.  I have called upon a local long term family owned company but their sense of communication doesn't mean much as after calls and texts no responses have been received.  I need a piece of property that I can put cash into in the area.  Multi family would work well.  I've tried looking for other PM's in the area  but just going on the rating on line don't seem promising.  

Where did you find the hard lender?

Hey, I have a few properties in the Huntsville area (I am an out of state investor). I work with The Davis Team - New South Realtors. They are great to work with. They know the area as @Caroline Davis has lived in the area for most of her life. The other folks on the team are always great to work with, too. Reach out to me if you want to discuss more.

Thanks for the input guys.  Yes my goal is to have 15 and where they are mostly, if not all paid off when I retire from my work.  I have quite a few left yet for that.  Just my goal.

Hi, this past year has been busy for me.  I sold my rental in AZ and through a 1031 put the proceeds in two properties in Orlando (financed 75% and 50%).  I then purchased a rental 100% cash Independence MO.  Then two places around Huntsville AL.  Today I signed for one more rental in Casselberry FL.  I do have one place in Huntsville I’ll close on in May (will give great recommendations to @Caroline Davis in the Huntsville market).  All said I will have 8 mortgaged properties.  I plan on refinancing my place in MO so I can pull out cash.  With all of that I will have 9 financed properties (my primary house is another (will be paid off in four years)).  My question is, I hear Fannie May only will let one finance 10 houses.  How are others financing for more properties?

Was it the treasury department making this statement or just historical trending of the the inversion of the 2 and 10 year yield?  I usually listen to the business news each morning and know about the yield inversion but have not heard about the treasury department making a statement.  Anyway, real estate is long term and having a slowing or downturn in housing pricing is good for the investor.  To drop out of a good deal, if it was a good deal, because of a propagandist remark might not be too well thought out.  The FOMC is predicted to do its job and keep the economy out of a recession and lower the bank funding rate which should lower the 10 year below the 2 year (as of today they were neck and neck).  Good job growth and low unemployment will also keep the market going.  

So in summary, invest in real estate if only you can handle the ups and down of the economy but understand that it is a long term relationship.  

**stepping off soap box**

Way to go. I bought my first KC area SFR this year, too. In Independence. So we're practically landlord neighbors. Good luck on future places.

@Rhonda McDaniel I have never thought of that as the places I get have not offered that.  I would consider it if it was available.

@Asa Ifill I’m not sure how much @Caroline Davis works with BRRRR investors. I know she wouldn't mind contacting her for those questions. I'm using her team for buying and PM. For financing I am using the builder's preferred lender as they will pay for closing costs. Rates are a little higher but should have come down a little over the past few days. I'm using the standard conventional loan with 20% down on each. I've never worked with a 203k loan so not too sure on any stipulations with those. Good luck with your BRRRR.