All Forum Posts by: Joseph Bui

Hey Dustin, I’m  a newer investor myself with 9 doors across the Midwest. Would be happy to connect and share about my investments and what I’m seeing in the Midwest. 

Hi, I am a newer investor myself with 9 doors across the midwest. They all cash flow from day 1. I'm still seeing great deals in these markets. Would love to connect and share the deals I'm seeing in the Midwest.

I'm still seeing great opportunities in Midwest markets (Detroit, Cleveland, St. Louis). I have 9 doors across the midwest now and all of them cash flow immediately. Would love to connect and show you the deals I"m seeing in these markets. 

One option is to quitclaim the deed to your personal name, do the cash out refinancing, then quit claim it back to your LLC. This will open you up to conventional loans, which you can do a 75% LTV and get a better rate.

Take a look at Detroit. Highest appreciating market in the country last year. Prices are still at a point that you will cash flow a good amount. Happy to connect and share my experience investing there.

Hi Kimberly, I'm fairly a "newer" investor as well but I do have 9 doors across the midwest now. Always looking to add more. Why are you targeting Hampton Roads area? What are you seeing there? Would love to connect and knowledge share.

My properties in Detroit usually get rented out in less than a year. I know Detroit is different than Grand Rapids, but that my only data point close to Grand Rapids right now.

If you paid in cash, you only need to wait 6 months to do a cash out refi and get as big of a loan as the appraisal will allow. At least thats why my lender does. If you did a loan (hard money or conventional), you need to wait 1 to 2 years depending on the lender.

Hi Trevor, I have a lot of experience with different turnkey companies. I have 9 doors now across the Midwest all using different Turnkey companies. Lets connect and we can knowledge share about what we are seeing.