All Forum Posts by: Justin Brickman

To be honest, you should look for a STR that doesn't have such a high HOA fee. $800 a month is taking away from most of the cash flow you could make monthly

I recommend closing the first one 

If you're making your monthly payments, a mortgage company will most likely not care if you execute a warranty deed. As long as you pay on time, you don't have to worry about any acceleration clause.

I look for deals in great locations that have high appreciation potential. Cash flow is awesome of course, but I don't need a home run deal in year 1. I believe if you find great rentals in growing areas, cash flow will follow. Appreciation is where the money is made.

I don't hate it! and you should run the numbers of the complex as one when using the BP calculator, not individually. Although the numbers really shouldn't be much different if you run individually vs whole.

Submit the offer how you have it; it's never rude to offer below asking, especially if it's already 60 days on market

And it should't be a difficult convo, just ask questions that would be important to your rental business. Have the tenants paid on time, why is the seller putting it on the market, is there any items/repairs you should budget for, etc

Best way is buying one at a time as a primary or secondary home. And must show intent to live. Other than that, you'll atleast need to put 15%-20 down on each most likely.

Investment Info:

Single-family residence buy & hold investment in The Villages.

Purchase price: $305,000
Cash invested: $50,000

Smallest and lowest priced home in the zip code. Amazing appreciation potential as well as value add with cosmetic updates!

What made you interested in investing in this type of deal?

Location

How did you find this deal and how did you negotiate it?

MLS - I was able to get it $15K under asking with $10K seller concessions

How did you finance this deal?

DSCR loan with Convoy Home Loans

Fidelity and BGP Inspections!

Nice to meet you and welcome! :) 

Hey Brian, I help many investors on BP with BRRR properties here in SA. Happy to help you if you're ready to go. Feel free to message me.