All Forum Posts by: Kurt McDowell

Can't go wrong with Tom Wheelwright with ProVision, little pricy but at least you know you are getting the best

Start finding deals first, don't worry about anything else until you have a deal

Ask your title company if they will structure the note for you, they usually have attorneys that will reveiw it and another company they will outsource the servicing of the note to.  You only need 4 things: 1) the amount down, 2) how many months, 3) the interest rate, 4) the amount owed at the end (ballon payment).  Hopefully you will get zero down, a full and long term, and a low or principal only payments.

Interested to see if that is possible, sounds like a hard nut to crack...  Most people in your situation would use private/hard money, which is harder to get without the structure.  Perhaps ask some builders in your area for their insights...

Plenty of 90% Interest Only Lenders available in the private space nationwide, if you can't find one of them yourself PM me. Also check the HML section of this website for your local HMLs

Aim for a duplex and house hack, how do you plan on funding the property?

I would present your idea to a local Hotel owner and ask for their opinion/assistance.  Ask if you can apprentice with them to learn how to develop Hotels. 

First question is how much is the property you want to purchase, and how to you think you will fund it, hard, private, family, conventional, or other money?

Rebo is great depending on the lead types for your area.  I would stay away from rebo if they don't have what you are looking for in your specific area.  Try Freedomsoft or contact Tangie Cousins as an alternative.  Bottom line the best leads are the ones you develop yourself and there is always somebody that will tell you no that info is not available, but it is, you just have to try harder!

Every market is different ask your property management company what their turnover timelines are.  If you have a good manager, they can usually turnover a property in a matter of weeks.  Make sure you have a PM that is focused on vacancy rates, rental rates, and your bottom line, not fancy websites, online tools, professional reports, etc.