All Forum Posts by: John Daniel

Hi there! 

My partner and I have been looking for off-market deals and have landed on one that looks like it will be a great BRRRR for us, both of our very first projects like this! For lending, my dad is the one providing the hard money loan with the same rates, but much better terms than some of the local hard money lenders in the area.

In terms of paperwork because I want everything to be sound. I was wondering what all would need to get signed in order for this official transaction to occur? I believe it would just be a Deed of Trust and Promissory Note. If anybody has any standards for this or an example of some from their previous deals that I could learn from and draft a document up between the two parties that would be awesome! Thanks in advance!

Congrats @Steven May!! Just one of many to come!

Hey! I have access to an off-market 9 bedroom, 4 bathrooms (soon to be 5 bathroom place) within a mile and a half from the University of Louisville! Would anybody be able to run some comps for me? It's hard for me find similar comps 

That would be amazing for our city! 

Hi there! Very exciting news, over the weekend I was able to get the home I wanted under contract, it is a 4 bedroom 3 full bathroom home in a fantastic area. My goal is to house hack it. I have some questions that have been brewing in my mind. 

1) I'm a first-time home buyer is there any programs I can take advantage of? I've talked to my lenders and am being told with covid many of those have gone away. 

2) Can I/should I quickly open up a first-time homebuyers savings account? From what I read there are some tax benefits when it comes to doing this. The property is in Missouri.

3) Should I open up a new checking and savings account for this property? 

4) Any other benefits I should plan on taking advantage of as first-time homebuyer? Or things I should know?

Thanks in advance! 

@Gabe Monroy I’d love to talk to you more about house hacking!

Multi-family units has been pretty competitive so far. Caleb, how do you recommend finding off-market deals. I've heard a plethora of ways, yet have tried just a few. 

My goal is to house hack a property and want to close on a property here in the next 1-3 months. Does anybody know great areas in which this would work for Kansas City? I've only really been looking on the Missouri side due to lower property taxes, but I want to explore my options into some of the areas in Kansas if it's feasible as well! Would love any input as I am a new real estate investor. Thanks in advance!

 Carlos, don't know how I did not see your response! But that's awesome to hear. Hopefully, I can build that knowledge base here in the construction industry for these value add investments!

Is there anyway to finance a duplex for less than 15% down without a FHA loan? Is this dictated by lenders or a law?