All Forum Posts by: Justin H.

Your piece on the focus for a strong overall partnership is something that resonates with me. Which is why I wanted to share my experience with you. I found out about Upside through Travis Biziorek on Reddit. Nader Shariff, imo is the King of Deals, and Travis, who is a absolute wizard at insights. Partnering with them have been incredible. I've been really impressed with how Upside handles uncertainty. 

My first property not only brought in equity with minimal rehab but also had a tenant paying rent from day one, unlocking 25k in equity. 

Of course, we hit some bumps along the way. The appraisal actually came in lower than expected, but thanks to Travis and Nader, we were able to challenge it successfully. Detroit's neighborhoods vary a lot, and the appraiser included some comparisons that didn't quite fit. But we got it sorted. This teamwork helped us get most of our money back to invest again. 

The second deal is cruising ahead on fixing up the cosmetics, and we're in talks to refinance. Once that's done, we're eyeing up our next property with Upside. Keep digging for the best deals out there! Having a solid advisory team, like Upside, is key for out-of-state investments. Happy hunting and best of luck in your search! Looking forward to learning more about your choices and how it pencils out. 

Great to hear you are having a great experience! Curiois to hear what property management company are you all using and what area of Indianapolis is the rental in?

@Kevin Lim I put vacancy at 10% just to be safe. You are right thought 97% LTV is too high. Just was curious given that at 1% that property does work however with HOA eating up a good portion of profits, it does not leave enough for save for capex's. Thank you for your feedback Kevin! Really appreciate it.

View report

*This link comes directly from our calculators, based on information input by the member who posted. 

Property is listed for 170k, been on the market for sometime now. Looking to offer at 150k, or aiming for 145k if possible to hit the 1% rule. However with all other savings for maintain and etx added it does not seem to be a good deal anymore.  Am I doing the calculations wrong? Or is this due to the low money down?

Hello Everyone,

Thanks for clicking into my thread! I am a recent University graduate living in the Greater Seattle Region. Financially, I am fairly stable with strong credit (730+), and working a entry level tech recruiting job allowing me to save roughly a quarter of my salary after bills, entertainment, and etc. I know it sounds contradictory however, a good portion of my savings has been wiped out due to some unforeseen family emergencies. 

However, I am currently very torn by my current choices that I foresee. Given my younger brother is about to enter University in the next year, I would love to deal hunt for a home that is a perfect middle ground. As in between Seattle, and wherever he attends school. Originally I hoped to house hack while he attends university. Look for a property that is 4 bed, 2 baths take two for ourselves, and rent the rest. Areas I was thinking of is, Mountlake Terrace, Ballinger Lake, or Lynnwood area.

That was until I kept reading and realized that mortgages have a cap, in terms of the amount of money they would be willing to loan you. This has me wondering, would it not be better to forfeiting the 3.5% FHA loan (should be eldigble for a 3.5% FHA loan around this time next year in terms of 2 years in same industry), and simply begin purchasing cash flow turnkey properties from reputable companies like those owned by Chris Clothier? While turnkey properties does seem to have a sour rep, there does seem to be a lot of people such as Jay Hinrichs who mentions that it is only as good as the provider you find, with deals that has the numbers worked out. 

Feel free to let me know if I am oversimplifying everything, however I would love to take action or at least get closer to finding that formula to achieving the results of many biggerpockets speakers that has 100+ units.