All Forum Posts by: Kayla Mcpherson

Check with Hancock and Whitney. They have a REI portfolio loan product with lower down payment options and they also do SBA loans. You could pull a HELOC your current properties. Debt isn't a bad thing if you use it the right way!

What propelled us was doing a flip that made really great profit. We haven't had to put any of our own money in since, but we do flip regularly. 

 I worked with someone in the past but for a different industry altogether, not sure if they cover real estate related SBAs

 I worked with someone in the past but for a different industry altogether, not sure if they cover real estate related SBAs

 I worked with someone in the past but for a different industry altogether, not sure if they cover real estate related SBAs

@Kayla Mcpherson Most of the options have been covered here except one, which is using your 401k without actually paying a tax for withdrawing before you hit the retirement age. I would recommend the slow and steady approach as well. However, you may have different objectives which is fine. I feel an SBA loan is another approach, as long as you have experience running businesses. Good Luck!! DM me if you have any questions. 

@Kayla Mcpherson working up the capital to keep buying is the primary limit for almost every investor. There are a couple of ways you can address this. 

1. Focus acquisitions in growing areas that will appreciate rapidly. Make sure your property "matches" the neighborhood from the perspective of an appraiser (ie, buy the 3/2 sfh instead of an awkward triplex in a traditional bedroom community filled with 3/2 sfhs). This will help you to quickly access equity via HELOC or cash out (rates will impact which option is best). It's important to match your community so that there will be plenty of transactions to support your higher valuation.

2. Form partnerships, either as a GP or LP. GPs will be responsible for the bulk of the work required to make an investment work, LPs will be primarily responsible for only capital. Local meetups, BiggerPockets, FB groups, or sites dedicated to this concept (ie mogul.ooo) are all great places to find partnership opportunities. Prove your track record of success, find deals, analyze deals, and ultimately do all the work required to execute deals as a GP. Or make your capital available to GPs and fund smaller deals (since you mentioned being more limited on capital). Mogul is actually a concept where you can invest $100 or more into active deals. As an LP you'll be able to collect enough of a return to scale towards your next individual purchase on a fast track.

Saving isn't always the answer because it takes so long! If used correctly debt can be a great power of leverage, but used incorrectly can destroy. So, make sure you know how to use debt right!

Also, if you want to learn how to grow STR into a business, check out Tony and Sara Robinson, Micheal Sjogren...the airbnb guy, and Thanks for Visiting with Annette and Sarah.