All Forum Posts by: Joshua Janus

If you have a solid credit history and present your business plan in a professional way, you should get a lender to work with you that is reasonable. 

@Evan Leibovitz I would definitely house hack! Starting out with a 900k property is a lot and I would maybe try a smaller start just to mitigate your risk. General Rule: The more cash flow, the worse the area. So make sure you balance that scale out properly. 

Definitely work with her. I like the post dated check idea from Theresa. You could even try cash app which is the simplest lol. 

What is your annual cash on cash? Seems like a good start. 

Is that an area that can break the one percent rule?
Are you pulling tax info straight from the auditor's site?

What does the vacancy rate look like in that area?

Why would you seller finance when you could use the VA loan? That is leverage that you have here and make sure to use it. If you are able to secure seller financing in any deal, take it. It isn't on your credit at all and the terms are generally more negotiated and flexible. You would be able to do the BRRRR method and pay him back. Just make sure he has no interest in the property and you are treating him solely as the bank.

I would advise refinancing and pulling equity out of the 200k cash purchase rental property. Use that money and start 1 or a few BRRRR's and scale up your units quickly.

Well people are buying the flips on the other end right? Investors are always looking for a good opportunity to BRRRR and flip. How is the job growth, population growth and trend of the median income in your area? Factors like these will show the level of confidence people have in buy and hold real estate in your market.

Taking advantage of the tax sales in your area sounds great! When are you looking to purchase one? Definitely create a consistent income history on your tax returns. That will pay dividends when applying for an FHA loan and is generally helpful for conventional loans. *I am not a lender

Make sure to have your Core 4 in place (Deal Finder, Property Manager, Contractor and a Lender).

https://www.biggerpockets.com/blog/core-four-real-estate-team

This will help set you up for success!

House hacking would be a great way to kick start your investing career and is a great coc return initially.