All Forum Posts by: Kashta Andrade Booker

Thanks for the clarity Jason. This will be an investment property, I don't know much about a DSCR loan but I'll consider it while I shop around for a lender.

Hello everyone! I have questions about how to approach a bank for a loan when trying to buy a house out-of-state. Does anyone have an example of a loan proposal or what should be on it. I am currently making a list of at least 4 lenders to reach out to. Thanks in advance!

 I will definitely consider this approach. Thank you!

I understand, thank you.

Hi all,

I'm a newbie and plan to co-sign and invest with my brother. Can anyone help with a strategy to use when analyzing deals in a low volume high cost market like Portland OR? What would I look for that would make it a potential deal if there is negative cashflow in my analysis?

I've been putting in reps on analyzing properties on the MLS and I am feeling stuck because the negative COC returns. I'd like some insight as to whether I'm wasting my time in this market or I'm running my numbers wrong.

Here's an example of a property my realtor found for me.

Pre-approved for 380k SFH or 500k for a Duplex

Purchase Price of the Property: $415k  3b/1bth & 2b/1bth (the 3/1 is occupied 2/1 vacant)

Loan terms: 30yr FHA 3.5% down

4.65-5% Interest Rate

Mortgage $2,149

$1,450 Rental Income

$3,037 Expenses

-$1,587 Cashflow

-97.59% COC ROI

P.S. I am flying out to Colorado this weekend for the Real Estate Rookie bootcamp and am hoping to gain more clarity.

@Kyle Sheker this October!