All Forum Posts by: Jay B.

Thanks Joe, We’ll check those out. Appreciate the response. 

Has anyone had any experience with this company?. Found them on fb along with a few others offering 30Yr DSCR rental loans.

I know this is a older post, But I've been thinking the same thing recently about building simple New construction homes in the 12-1500 Sq Ft range. Since SFR Rehab purchasing prices have gotten out of hand. I started in late 2016 and have bought 4- SFR 3/2/2 rehabs for 55-65K w / 5K-7500K Ish in rehab now renting for 1275-1325 a month. It's been going well, But now those same houses are 85-90K or more w/ way more rehab $ needed for a rental. And not much meat left on the bone for flip potential. The Mkt seems to be softening some. So maybe prices will calm down . I'm curious what it would cost for new ? Nothing custom, Just a Simple slab, siding or brick if it's more cost effective and a nicely finished out interior.

My apologies for not responding sooner. 

Thank you for the info, Jay 

Hi BP Folks, I'm on search for flips Or rentals to add to the portfolio. I've been a couple Auction sites that have listings for pre foreclosure, bankruptcy & foreclosure properties. I'm reading up on it to get a better understanding. But my question is how to get to the end decision maker to make an Offer? Since each category is at different stages of the foreclosure /bankruptcy process. I have looked up tax & deed info for owner info, But hit a wall on actually getting in contact with someone..

Any Insight would be greatly appreciated. 

REMEMBER THOSE Who Sacrificed Everything so we may be free and pursue opportunities like this. 

Thank You, Jay 

Hi, BP Folks. We seem to have hit a wall. And needing advice on finding deals. I've been buying SFR rentals for a few years now. ( 4 currently 3 of which i found myself) and dealt with the owner directly. Things have been going pretty well. Cash flow is around $1200 a month from all 4 . We did a BRRR and flipped a couple houses the last couple years also. They took longer then planned but we made out pretty good on those. My question is do we keep buying rentals/flips now with prices so inflated and inventory so tight? Just looking for alternative ways to ramp things up. I'm open to foreclosures etc. I prefer being able to get inside and see what all's needed.

Appreciate any help.

Jay