All Forum Posts by: Franklin Romine

Fly to where I live and I will spend a day with you, I will buy lunch. Franklin

Retracting and Saving money, reducing our budget, and buying a vehicle for better gas mileage... is not our problem. Income is our problem. Increase our income and let’s expand. Franklin

Buy another now, no sense on waiting

Portfolio lenders are key resource to growing your rental portfolio.  Local community banks have loan products that are not advertised to the general public.  A few years ago I had about 15 portfolio loans with a local bank in Fresno and then I consolidate them into a commercial pool loan.  It takes energy and persistence to accumulate that many bank loans.  Private money is much easier.  Debt is a vehicle for a period of time, debt is not permanent.

Franklin

I think the importance of the return on this investment is only relevant to the total of all your investments.  

Study equity partnership and debt partnership.

If it’s a good tenant I would send a guy over to fix, pay a $100 and be done with it. No sense on wasting more energy than needed.

Stretch out the contingency period so you can put the deal in escrow and have a few days to see the area

I set aside little monthly cashflow for rainy days. The largest expense for me is capital improvements when buying or tenant turnover, improvements getting property condition up to speed. My strategy is to take capital from refinancing or the sell of properties and reinvest into properties you want to hold longterm. Chunks of capital. Franklin

Reach out and call me. I have a Rolodex of information to share. I started buying and holding in 2008. Not much scares me anymore. Franklin