All Forum Posts by: Jacob Trogan

@Eric James If you go in every direction at once you go nowhere, I agree with this 😂

For the post, if you want to focus on something that makes money just do one thing, if you want a fun hobby on the other hand that’s a different question

@Joe Villeneuve Hey Joe I’m curious with a cash out refi like this what numbers would you look for to make it work?

@Leela Gutta Hey Leela a few lenders responding on here 😂 as far as what caps you might see I am also a lender and the best place to learn for conventional financing is just going directly to Fannie Mae or Freddie Mac website and reading the guidelines. Honestly I was worried about this but now being a lender I realize we compete for your business so you just have to shop around to find someone who can make it work for you, just worry about estimating 25% of gross rent goes to expenses outside of PITI and you will be similar to what traditional lenders calculate. Obviously as mentioned many other methods too. Not to mention if you use business credit it does not show up on personal credit reports so not calculated in dti 👍 dm me

@Nicholas Schwarte Already mentioned a few times but I will second them

Mindset -

1) Think and grow rich

2) Rich Dad Poor Dad

Actionable Plan -

The Millionaire Real Estate Investor

The Straight Path to Real Estate Wealth

BRRRR

Never Split the Difference also

Just wanted to second these ones mentioned 👍

Hey Steven this is showing up on my frontpage despite it being older, but cool to see that you have advanced even more with these humble beginnings, I am in a similar sort of spot as you having just turned 22 and now closing on my first property that will allow me to buy a second owner occupied at 23 

I second @Andrew Syrios about the possibilities in Independence what steered me away from properties that may cash flow sub 100k is something called IRR

Also Cody, dm me I do have one I can recommend to you

I'm looking for meetups if anyone has any suggestions

Hey Max, I am a lender and no if you do 5% down it would not have to be a homeready or homepossible loan

@Joseph Hummel primary residence fixer upper