All Forum Posts by: Garret Anthony

Hey Everyone! 

I am a current business owner but currently own no real estate.

After some thoughtful research, I have focused my attention on investing in the state of Ohio. My reasoning is based on the average cost per unit available and the current market rent rates. I consistently see Ohio pulling in above average cap rates. I am looking at purchase prices between $550,000 - $700,000, currently, I have $200,000 cash on hand for this investment. 

I am seeking knowledge on what I should look for and things I should avoid. Also if anyone has some major RED flags for Ohio I would love to hear about them. Please give me your insights and I look forward to diving into them with you.

Happy Investing!

Hey All,
I have a question for everyone who is currently involved and invested in the real estate market.

With private lenders becoming increasingly prevalent in this market place, will there higher risk privately securitized mortgage notes cause the same collapse as the previous government backed securities.

I see a lot of no income and no doc loans coming back onto the market, is this the writing on the wall that we should all be aware of? 
Thank You fellow investors 🙏🏼🍾 Rule#1 Never lose money.

How could this be a scam if the lending terms are 5.875% on a 5/1 Arm interest only. They remove the LTV restriction for properties greater than 1 unit. Sorry if this question is redundant, I am new to the industry.

It's essentially a DSCR loan. It's based off cash flow. What type of real estate do you do?

I cannot move into it, I plan to rent where I live. Yea! I could you an FHA owner occupied but I am looking to buy out of state and I currently live and work in California.
I have about 50k liquid to invest and I am looking to use this No Occupancy No Income loan to help me acquire undervalued cash flow assets. What type of investing do you do?

This product is being offered by a NON QM product. It is essentially a debt service coverage loan. As long as PITI is covered by the rents and it's greater than one unit it quality's.
This would be my first investment, I feel like this would be a great first time deal loan.

Hello everyone,

My name is Garret Anthony and I have a simple question I want to ask the community.

Would using a no income zero down loan be a good idea?

Thinking about buying a $2,000,000 property with zero down that cash flows 14K a month. It is a fourplex, the IO payment would be somewhere in the neighborhood of 9K a month with taxes and insurance and a vacancy factor I'm looking at 2K a month in rent.

What should I look out for?

Hey All,

I wanted to get some advice on purchasing my first 4 unit property. 

I am using an FHA loan to buy a $1,475,000 property with about 50K down and I have an additional 25K to make improvements on anything else that would be needed.

The property currently has gross rents of about 10K and my monthly mortgage will be around $9100. It is within a mile of a very popular college and will be used primarily by college kids.

Any help or information would be greatly appreciated.

@Ellis San Jose okay, so what would you recommend for a first time investor looking for cash flow? Do you think crowdfunding is a viable solution?

@Matthew Bailey How do you flip land? How much capital is usually required?

Yea currently I have been researching using an FHA loan on a 4 plex, what do you think?