All Forum Posts by: Jeffrey Boyce

 I'm interested in your properties - just sent you a note. Let me know as I already invest in Euclid and looking to acquire more properties. Thanks!

Jeff

Due to the lack of credibility from peers and online, I ended up going a different route. The reviews I did find on here raised enough red flags for me to reconsider: 

https://www.bbb.org/us/ny/new-...

Hi BP,

I wanted to reach out to see if anyone has had experience with Haus Lending for Portfolio Loans as I'm looking to do a cash-out refinance for several of my properties in a portfolio loan with with them. Please let me know when you get a chance - would like to hear from personal experiences.

Thank you

Go from 11 units to 40 units!

Hi Andrew - would you be able to share with me as well? I've been having trouble tracking down a commercial lender to work with - my initial lender has tightened up their guidelines and will no longer work with me as I'm out of state. Let me know.

Thank you

Welcome Mary! Excited for you. Are you set on buying only in the bay area? If you feel comfortable, other markets can provide better returns with lower priced entry points. Just need to ensure you have the right set of folks to help you if its remote and that you due your proper research in those areas.

@Michael Swan - just stumbling upon this thread now as i was exploring detroit shoreway as another area to invest and saw your comments and recall listening to your episode on BP sometime last year :) Congrats on all of your successes, been at it in the CLE market now for the past year and looking to ramp up into apt complexes although i know they get scooped  up pretty quickly out there. curious at the time of your 1st comment, were you at $160k cash flow monthly already? Incredible and inspiring stuff man.

Its easy to get caught up with a negative outlook if this passes as its stated verbatim but unless you're a legislator or politician who can take a vote or help amend the bill, its best to begin planning ahead on how to best handle the various scenarios if it goes through. Would it be devastating and frustrating for property owners? Absolutely. But i'm more curious to hear of solution-oriented proposals and thoughts if you have a big contingent of tenants not paying. I guess accepting forbearance is the only option unless you can handle all of the mortgages? Or is it?

Following this convo.

@Joshua Ferrari - looks like the rent and cancellation act you're referring to is actually bundled into this Heroes Act: https://docs.house.gov/billsthisweek/20200511/BILLS-116hr6800ih.pdf (jump to page 961 for the start)

If this passes it indeed has pretty significant ramifications on the real estate industry. As an investor - I'm of course hoping against the way its packaged but one has to wonder what will happen if its made it this far to be presented to the House. Although mortgages and rents can be frozen for a year, property owners are still on the hook for the things  @Anthony R. mentions in addition to the general wear and tear that happens over the course of a year. As a real estate investor, your investments are essentially 'frozen' for a year while many of your expenses still exist.

Hope they'll make revisions by considering the consequences on the real estate industry while also accommodating the millions who've lost their jobs. 

@Cary F. - is your lender still providing loans with 10% down? Pls let me know, there's a few properties I'm looking to make offers on soon. Thanks