All Forum Posts by: Josh Bowser

@Michael Dumler I plan to start managing on my own. I'd love to jump on a call sometime with you and/or Josh! Please let me know the best way to get in touch.

Let's do it!

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Atlanta, Georgia

MyRentSource

https://www.myrentsource.com/

bout as good of a PM as you can find - they manage a lot of properties for our clients

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Atlanta, Georgia

Quote from @Alecia Loveless:

@William Silva

1. Most of my deals have been on market. I’m on deal #9 and have just started to have a network big enough to start getting information on off market deals. Usually unless you’re willing to spend a bunch of money on marketing it will take a while to organically grow your network.

2. My best piece of advice is find the most nit picky building inspector you can. Find the one who writes scary inspection reports and catches every minor detail about a property. If you stay in one market for multiple investments it may take you a bit to find this particular inspector. But it’s worth it. It will save you tens of thousands of dollars if not hundreds of thousands of dollars.

3. I have stayed fairly local. I invest in about a 50 mile radius from where I live. The furthest properties are the hardest to deal with because my contractors don’t want to travel that far due to their time wasted driving and the cost of gas for their big trucks.

#2 is a banger - finding a ruthless inspector will save you $1000s in conjunction with the knowledge to negotiate. Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients. It is rare that you CAN'T use an inspection report to negotiate AT LEAST a 4-5x return on inspection cost

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Miami, Florida

Darian - love the idea.

Have a good lender that should be able to help with bank statement loans.

Also, would be happy to chat on helping you find a property. Personally, my wife and I have house hacked before we got married for a few years which was a great intro to land lording. Over the past 12 months, I've helped investors close 31 properties and was involved in over 40 escrows. 10 of those transactions we're off market.

Please feel free to reach out to me - would be happy to chat (contact info is bio)!

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Atlanta, Georgia

Joshua - Great name.

I'll reach out to you directly, should be able to help with all of these things!

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Atlanta, Georgia

Hey Dev - just Pm'd you on these!

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Atlanta, Georgia

Giovanni - welcome to BP!

I'd highly recommend house hacking in your local market since you're in one of the highest cost of living areas in the US, especially if you're renting currently and planning on staying in the area for 5-10 years.

It sounds sexy to go out and invest out of state for your first property. However, you'll likely be able to put more money in your pocket if your reducing your living expenses in a HCOL area. Right now, it is incredibly tough to make even a few hundred a month with traditional strategies. You can make more through co-living in most markets, but still likely to be better off house hacking 1 / year and then buy out of state with your extra cash.

If you want to chat strategy with someone - feel free to PM me or reach out to contact info in my bio!

1 Vote

Los Angeles County, California

Hunter Welcome to BP!

I'd highly recommend attending some local reia meetings. I've been a member of GAREIA for about a year and it's been fantastic - lot of people in that group that are experienced and excited to help the next gen investors.

https://gareia.com/

Feel free to PM me or reach out to contact info in bio - would be happy to help however I can!

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Athens, Georgia

Quote from @Michael Swisher:

Hello. Can anyone on this thread recommend a DSCR lender who allows Padsplits?

I'm a mortgage broker, so need a wholesale lender.

Have a current cash out refi DSCR loan but my lenders won't approve because property is being used as padsplit. Already have an appraisal that puts our DSCR rate at .85 using long term rent estimate. Owner setup the path split last month, so don't have income history.

Sent you a PM!

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Abby - welcome to BP!

Had a very similar experience to you - would love to chat! I'll shoot you a pm!

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Atlanta, Georgia

All Forum Posts by: Josh Bowser

Josh Bowser has started 8 posts and replied 373 times.

Post: New LTR Coliving Investor in ATL😊

Post: Property Management Services

Post: Multi family (2-4) units. Getting started

Post: BUILDING THE A-TEAM: ATL HOUSEHACK by April 30th

Post: Investor Fixflip Apartments

Post: Portfolio or townhomes for sale

Post: First Post, New member but Old Listener

Post: Just Starting and Willing to Help to Learn

Post: DSCR for acquisition of existing PadSplit

Post: Realtor and Investor in Georgia!