All Forum Posts by: Heather Gates

Please DM or send me recommendations of a real estate attorney who would be willing to review loan documents on a regular basis for the state of South Carolina.  

Hey Martyn, we are in the process of moving closer to Ten Killer and was curious if you have found any local meet ups for investors? I am aware of the ones in Tulsa since we used to live up there but didn't know if there were any near Tahlequah. Best of luck getting started. As mentioned above house hacking is a great way to get started since its low money down as your primary residence, but if you already own your own home you may look into tapping into your equity and using a HELOC to help with downpayment. Thats what I did.

Hello Zach, I am currently looking at purchasing an STR near Ten Killer. Curious how yours turned out? Do you like that area?

This is incredible Laura. Thank you for sharing. What an inspiration. I believe this will be my next niche I get into. The research has begun! Quick question, is your home private pay?  

I have a small MF property I am thinking about trying to do a 1031 exchange with. I know high level how it works, but not sure how to get started. Do all realtors know how to do a 1031 exchange? Do I need to find a specialist or company that solely works with 1031 exchanges? Do I need to focus on selling mine first or simultaneous look for the next investment? Any advice is appreciated. 

 Likewise Sunny. While cash-flow is not my priority right now, I would still like to see a little bit, minimum 100 per door. With more and more MF coming onto the market, I think there will be something better to come along. I'm still working on my box buy as the market is making me adjust. 

I'm also a small multifamily investor in the Tulsa area. I calculated negative cash flow on both of these properties I'm also really conservative. I still really want the Sand Springs duplex to work and since there are multiple and brand new, that's the direction I would focus. I don't know if you could get that high of rent right now but as the area develops it might be possible. I think someone else mentioned the trailer park close to there so I would suggest calculating lower rent in the beginning. Best of luck! There seem to be more and more multifamily coming to the market so I'm sure you'll find something that works. 

Also looking into this venture and would love some information. 

My last commercial loan was for 9.25% on a 20-year am with a local bank in Arakansas. It hurt... but planning on refinancing when it makes sense. It's a small value-add MF so cash-flow is still there. 

 Chris, did your conference happen to tell you where the best place to find an assisted living facility after the bank takes possession back? Apologies from detouring from original post.