All Forum Posts by: Josh Fugle

Greetings,

I am looking for solid people to work with. I am interested in the long term buy and hold and do not have the time/exp to fix, flip, and then rent. would like to find someone we can work together to find deals that need fixing, agree on price that we can refinance to that still lets me cash flow and you get your well deserved check for fixing.  I regularly find deals that would work and we can both grow. 

-split purchase price expenses and rehab costs

-refi to amount i can still cashflow after paying the bills,

- I leave my 20% in the house and you get paid or be creative and leave 15/5 split and I buy you out over time. lets write it down and make some deals!   

what was and now is the property renting at? 1b1b? are you self managing and what are you using to do that?  trying to find a 4-8plex that cashflows more than 1000 is rough. and to make it not a section 8 is even harder it seems

@Michael Plaks

Thanks for being real. I’ll take that picture opportunity too!

Dti ratio for helocs and being too “new” are my problems. Finding MFs that work great but can’t get the downpayment is frustrating as ever. Any advice for that would be appreciated

 I have heard great things about MHPs. what kind of numbers do you see? how do you go about finding these deals? would love to talk to you more about it. 

Quote from @James Wise:

Quote from @Josh Fugle:

I am struggling to find a market that fits me. SFH, small multi, apartments, industrial, car washes, laundry mats, storage. I have always been a generalist, master of none skilled at most. good CoC seems easy enough to come by based on the calculators 7-8% on industrial 25-30% on apartments. SFH in the 10-14% and everything else in between.

how did you find your market and what has made you stick with it so far?  have you thought about changing and are waiting to pull the trigger? 

 Ohhhh no. We're talking about picking markets.........Don't you dare say Columbus bro. Don't you do it!!!!

 Columbus or bust!!!!!  lol I’ve seen plenty of people talk that way. Haven’t joined them yet. 

 I absolutely agree with you. I’m looking for home runs everywhere. Hence the post, I want to know what got others to their specialty to help me pick my focus point.

I think My end goal is to get to apartments but without exp and outside investors that isn’t feasible.  so how do I get there, small sfh and section8 till I can get to 5+ Multis, then 20+, then 100+? Is that path or is there a better way to get to my end goal simpler?   

I’m not looking for the get rich quick scheme, I’m looking for how to focus my time best. And why others did what they did.

Same question for the three of you I guess. If we are new and not getting 30 per door and 10%CoC, how would you use OPM for deals that don't have enough rhab equity to fix and refi to pay back your downpayment loan?

 Wow 35-40 would be great. Most deals I’m finding are 80-90 but that is 3/1 nearly turnkey sfh or sub 30 apartments 

Would you mind if I DM to ask about my comps? 

I am struggling to find a market that fits me. SFH, small multi, apartments, industrial, car washes, laundry mats, storage. I have always been a generalist, master of none skilled at most. good CoC seems easy enough to come by based on the calculators 7-8% on industrial 25-30% on apartments. SFH in the 10-14% and everything else in between.

how did you find your market and what has made you stick with it so far?  have you thought about changing and are waiting to pull the trigger?