All Forum Posts by: Jake Johnson

Hey Brother, I'm active duty Marine Corps. I've just joined a pretty hands off R/E skillbridge where you're free to work on getting your lisence on your own time, once you have it you get to shadow someone killing it in your area. Just email the point of contact for every company you can and see what they offer. 

Let me know if you want to know who I used

Do lenders ever look at experience level when lending to fix and flips or do they just look at the deal along with the financials the investors brings?

A duplex would be ideal. Small multifamily is absolutely in the search criteria, but most of the qualified properties for the VA Home loan are SFH, some with ADUs.

Currently looking for property to house hack with my VA Home Loan. The strategy is to rent the rooms out to Marines and Sailers near Camp Pendleton. In addition to the room rentals, I intend to rent out a airstream, travel trailer, or a yurt in the yard on AB&B. Do you believe this is a good strategy or is this too much to squeeze out of one property

I'm looking mainly at 2-3Bedroom Homes in Fallbrook with large lots.
Thank you for the advice!

Start going to meetups in SD. Ask around and find people who do fix and flips, theres a bunch of them. Find out what there looking for and try to find them those deals in exchange you'll get all the advice and guidance you could ask for, and maybe a wholesale fee$! It cost nothing, gives you experience and builds your network. 

Let me know if you want to know the meets i go to!

 Best way is to call multiple property management companies. They will have the most accurate date, along with all that data I talked about within neighborhoods. 

CHEERS!

What i've experienced:

I've found that if you search keywords (Seller financing, rent to own, lease option, ect.)

the other simple answer is networking. Meet with people who want to avoid capital gains tax, or they want to keep their stable income.

What i've been looking at personally: 

-Rising population, rising job market/median income, crime rate, vacancy rate, distance to the city center.

The biggest thing i've been looking for is stable job markets and vacancy rates. Vacancy rate is what i've been measuring the supply and demand with. I get that rate from property managers i've been calling

I would say your focus should change from trying to find financing to finding experienced investors. I'm at that stage now, i've found some experienced people locally that would love to share their experience when i'm looking at a potential deal and could also finance it. 

I wish there were more books on commercial investing & the different asset types in commercial. Mobile home parks, multifamily, storage would all be stuff I would read through bigger pockets.