All Forum Posts by: Sadi K.

I was looking for some feedback / discussion about a new financial product that I was building and thought this community would have some interesting thoughts & feedback !

We (Aven.com) are building a new credit card - secured by home-equity - making it as simple to use as a credit card, but low rates like a home equity loan/line and no origination, applications fees/costs and super fast underwriting. We've invented a process to approve you in <15 minutes, and get you the card in hand activated within 3-4 days (including notarization signatures, disclosures etc.)  

Our basic card has an APR of 5.9 to 9.99% APR for line sizes from $5K to $35K. We can go up to 80% CLTV of the home with income verification (ie W2/cash-flows in your bank account with Plaid). No origination fees, no application fees, no balance transfer fees (ie if you have CC debt etc.), and no cash-advance fees (and at the same as your regular APR)

Our premium card will be a $20/month subscription - but you will get lower APRs starting at 4.49% , 1.5% cash-back on all purchases, and line sizes that go up-to $100k. No rewards on cash-advance, but again, same low APR if you want the cash (vs. buy something at a visa/mastercard merchant)

Our qualifications would be start at folks at 650 Fico ranges, and incomes of >60-70K/yr

Would love to get your feedback on what we're building - feel free to comment below / DM me on thoughts/questions/interest etc!

Thank you !

PS - if you are a contractor - would love to know how you think about our product as a recommendation vs. a GreenSky loan for folks you are working with ?

Hi Karl -  I have a 4plex there. 

Hi guys, 

I'm looking for a property management company in Coral Springs. Would appreciate any recommendations from folks who have invested in properties in Coral Springs, FL. 

As you know the city of coral springs can be a little strict about code violations - so would love to find a recommended property management company that has experience in coral springs already. 

Thank you for your help !

hey guys - any recommendations for property managers in south florida? 

Esp looking for ones experienced in coral springs, davie and pembroke pines areas? 

Hi guys, 

I'm a long-term buy+hold investor in Florida and was wondering how others in the forum are thinking about their long-term investments in the Fort Lauderdale / Miami area in light of water-levels rising globally ? 

How are you guys thinking about the risks in the next couple of decades? What kinds of steps are you taking to mitigate ? 

One interesting theory I heard from some folks was that taxes in FL might right significantly to pay for the infrastructure required to repair/prevent damage from rising water levels - eating into the current profit margins. 

Thoughts? 

This was some great analysis.  I've been playing with a tool i've built recently ( landcompute.com ) and seeing similar patterns. Was thinking of building something that would help you find the cheapest place to live given a specific work-location and a maximum daily desired commute. Do you guys know of any such tools ? (ideally it takes into account google map's traffic estimate in the morning/evening) 

Hey guys, wanted to hear what tools are you guys using to calculated expected rental rates for a property ? 

I'm using a combination of : 

- Zillow estimates : these seem to fluctuate quite a bit, so not sure how much to trust the "ZEstimate"
- Craigslist : just look for postings in the area and use photos to get an estimate
- Rentometer : usually seem to be pretty good, but does seem to lag a bit 

Any other good tools you guys have found ? Ideally would love to be able to do a geographical + historical search on craigslist + postlets - but haven't found something like that yet..

Hey guys, 

I've been looking for some good software/apps that provide me a quick dashboard/visualization of my investment portfolio and returns to date (owner of a number of single family homes) 

Ideally I want it to do a few things : 

- track the rental market and let me know if I should increase/decrease my rent automatically 
- track insurance / property tax cycles and auto-update my ROI on properties

- automatically track equity and valuation of home (based on market tracking) 

- would be super-cool if it could automatically integrate with my bank accounts to calculate my ROI, but thats probably harder.

Right now, I mostly end up using Excel - I guess I could use Zilllow or something for all this - but the Zestimates seem pretty unreliable honestly. 


Do you guys have any software/apps you use to track your finances and properties ? 

 Hey Joe - there are actually a few, not sure which one is # 1 yet. 

 - financial systems : it sounds a bit trivial but I had to try a few things before I managed to get the right bank account structure that is simple yet effective

 - finding good deals : deal flow is getting hard in florida as the market has been heating up, and finding great deals has become rarer and rarer

 - since I'm still at single-digit # of properties - haven't really started seeing my opex get more efficient yet, nor had the time to get "bulk" discounts on things like property insurance, materials etc. maybe i'm not spending enough time on this yet, but my intuition is to focus on this once I hit about 8-10 properties. 

 - I'm geo-limited somewhat. It's surprisingly hard to research buy / property manage a unit that is more than 1-2 hr drive. i wish there were better systems to scale these things, but so much of this is on-the-ground physical presence work (coming from a software/technology world) 

Hey guys - I've been on this forum (just reading) for a few months now and have greatly enjoyed the informative posts, questions and discussions. 

Currently own a few properties in S. Florida (buy+hold) since I grew up there. 

Always looking for a good deal, and really interested in how to best scale and get more operationally efficient while I do so.