All Forum Posts by: Kevin Rodriguez

@Tommy Daggett Appreciate it!

Time & Closing:

I have been looking for multi unit properties for months before running into this one. We had a smooth close, everything was on time because everyone was on top of their responsibilities. I was frequently checking up on the status of the paper work to make sure we were always on schedule and if anything were to seem delayed I would've reached out to the responsible party and see what was going on.

Strategy:

I assumed the seller was an investor himself so I included an introduction letter of myself mentioning that I was a first time home buyer and also looking for an investment because I wanted to get into the real estate game. This strategy helped me because they were too, once in my position of wanting to get their first investment so that letter helped bridge a connection that they might of not had with other offers.

@Dmitriy Fomichenko thank you!

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Winchester.

- Multifamily
- 2 Units
- 1B/1B each

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

Wanted my first investment to be a multifamily so i can house hack.

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

MLS

How did you finance this deal?

5% Home Possible Conventional Loan (Got it just before the down payment requirement triples in April 2021)

How did you add value to the deal?

Kitchen & Bathroom Renovations

What was the outcome?

$817 Cash Flow

- Gerson R.

@Skyler Southern okay, thank you!

Does anyone know where I can find off-market deals in Colorado?

Hey BP Fam!

My name is Gerson, my brother and I are both going in on the membership so that is why it says "Kevin" on the profile. I just got over analysis paralysis and am taking action to acquire my first investment property! I have been talking to a lender and I am in the process of getting real numbers back from him and I need help with some questions!

1) Is it true that I have 14 days from the time I get a hard inquiry from a mortgage lender to shop around and get quotes from other mortgage companies without it affecting my credit?
2) What are some "must ask" questions you guys ask when shopping around for lenders?

Thank you guys for all your forum posts, I have learned a lot from these!

Gerson R. (the guy on the left in the profile picture)

Hey @Adrienne Green ! I am a new investor in the DMV area and would love to join your virtual meet ups!

@Mike S. Thanks mike!

Hey guys what an average interest rate in commercial loans these day??

Hey guys! What is the average interest amount for a commercial loan these days?

Thank you!