All Forum Posts by: Jordi Valado

 Hi All, I am Jordi and new to investing. My biggest struggle right now is capital and I have an idea of how to get around that limiting belief. My idea is to use hard money to purchase the property and cover the rehab. I then plan to use business credit to cover the down payment for hard money loan. I do plan on working with a solid contractor and making sure all my costs are as accurate as possible. Has anyone taken this approach and purchased a property with a hard money loan and business credit or just using business credit? I would like to hear your thoughts on this method. 

 I am located in Northern New Jersey, although rents are high the property value and taxes are very high and it makes it difficult to cash flow. If you have any ideas on closer markets that would be great! 

I have not but I’ll definitely check them out haha 

What’s up James! I love the content! Thank you for providing this guide this was extremely helpful! 

Hi BP Fam, 

I have been doing some market research and I have narrowed my potential markets down to the following five markets; DETROIT, MI,
AKRON, OH, CLEVELAND, OH, MEMPHIS, TN, and MILWAUKEE, WI. I have chosen these markets due to the median MF home value being under 200k, a decent appreciation rate ranging from 9%-28%, and these markets have seen an increase of population and job growth YoY. Could anyone please share any advice on these specific markets? I would like to know things like: What is your favorite aspect about investing in this market? What are the best neighborhoods for low costing properties but have great cash flow? What is your ideal price for a BRRRR MF property in this market? What are you expectations for this market for the next 12 months? I look forward in reading your responses!!

Thank you Andrew! This helped tremendously. I will look into this loan and connect with lenders for different rates! 

Hi Bob I appreciate the reply. This makes a lot of sense, you are right a 0% skin in the game doesn't look good to any lender. Please tell me if I have this wrong. So instead of having no skin in the game, I was thinking of putting part of the down payment on a conventional loan. Let's say 1/2 of the down payment and have a PML cover the rest of the down payment. Then look for a separate HML for the rehab. I would make sure the required rehab isn't a large expense.