All Forum Posts by: Matthew G.

@Amber Turner I heard Bank of the West does, but I haven't checked personally.

@Natasha Richardson If your focus is cash flow, then the higher interest rate doesn't matter as long as you are cash flow positive. Keeping cash allows you to purchase and leverage more properties to generate more cash flow. You have to run your numbers and think about your future plans before making a decision.

@Joshua McLean meetups will help you get started. Most of them have speakers at each event that share some useful knowledge, but more importantly you will be able to network with other investors.

@Albert L., it's definitely an ambitious plan. You probably want to consider where we are in the market cycle and where the market is going in the next few years. If the real estate market dips you might be holding on to your properties longer than you expect which will throw out your first year plans. I'd recommend you go to more than 1 meetup/month, attend as many as you can. Your network is going to be your biggest asset and without that it will be hard to get any good deals on properties. Also consider whether you will be buying the duplex and fourplex as vacant units or not. If they are being rented then you can include the rent in your DTI ratio, but you will have to remove the tenants before starting any rehab. If you buy a vacant property then you don't have the rental income to include in your DTI and will need more cash for the deal.

@Account Closed, I would recommend that you find an experienced flipper and try to arrange a joint venture with them. You will still be doing all the work of finding the property and rehabbing it, but if you have questions or issues they can help you through it. Having that experienced flipper working with you will ease a private investors mind.

Thanks for the links. I'll check them out.

Hi All,

I'm new to this forum but have been investing in real estate for the past 6 years. I've mostly been attending local meetups but I want to expand my network beyond southern California. Looking forward to connecting with others on this forum.