All Forum Posts by: Kameron Patterson

I am looking to get on every email list for wholesalers in Ohio. 

@William Leonard

The issue that I am running into is more just the requirements with only having access to about $12k - $15k at the moment.

Feel free to DM me any information on HML or anything you have had success with. I would love to know what area you are in and what your numbers are.

Good Afternoon BP.

I am looking to get started using the BRRRR Method but need some advice.

- I am in the Indianapolis market.

 - I have a duplex I cashflow $500 on but do not have any equity in it as it was turn key.

- I have an above average credit score.

- I have a decent day job.

- I am looking to utilize the BRRRR method and have been reaching out to HML but keep running into issues.

- I only have about $12k in accessible capital

- I can utilize a partnership but don't have an experienced partner

How can I get started?  

What creative finance method worked for you that I can utilize?

Thanks,

Kameron Patterson

Originally poste5d by @Charlene McNamara:

Ruoff Home Mortgage. Highly recommend Peggy Alley.

I have used them in both of my current mortgages. But I believe their standards for DTI would be too strict for my current situation.

What community banks/lenders are investors in Indianapolis, Indiana having success with? I am a W2 employee making decent money but have 2 mortgages in my name. I am looking for a bank that can lend on small multi families with 20% down but do not meet Fannie mae DTI standards. **as a side note, who are you using for hard money? May write another post about this.

Originally posted by @Amie Lieurance:

@Kameron Patterson - yes,  I will. It would be great to jump on a quick call with you as well to learn more about your investment needs. Please let me know if you might have any time this afternoon.

Thank you,

Amie

 Do you have availability at 430 et tomorrow?

could you add me to your buyer list?

[email protected] 

@Noel R. I have a house in the suburbs that I am going to rent out to house hack a duplex. The market rent in my neighborhood in Greenwood is about $1600 for my house (my neighbor rents a smaller house for $1600). My current mortgage is $1100. I may not be an expert but there is talk about a bubble for downtown rentals because of the rate they are building in the suburbs. I would reccomend looking into this.

When you are in the refinancing stage of the BRRRRR, do you refinance from a local bank? What happens if they are concerned about DTI?

Looking for general contractors in indianapolis indiana.