All Forum Posts by: Kwame Essieh

I considered buying it as an option. But I have no experience doing such an extensive rehab. Any suggestions on research or books I should read about the subject? Not sure if its even feasible for the current owners situation but I presume they don't want to deal with a burnt down house.  

Over the summer a house against the back of my property burned down. Thankfully no one was hurt but the bones of the property remain. To put it plainly it looks ROUGH and it doesn't seem like much progress is being made to tear the rest of it down. Its tough touring my property with potential tenant when right outside the window are the remains of a house. Are there any options I have with the city or something to get the burned down husk of this house taken care of?

 I don't know about partnership structures but if each person contributed an equal amount then they would all get a 12% return on their investment. You wouldn't split the 12% return 4 ways.

 Does doing it this way cause any problems when you try to refinance down the road?

What's the best way to move properties that are in my name into that of my LLC. I've been struggling with this for a while now. I'm told I should do it ASAP but my mortgages all say that upon transfer of a title they have the option to call the note in full.

Is my only option to take out a DSCR loan and move it to an LLC? I'd hate to do that since the interest rates are much higher.

These are great insights thanks. I liked how semi liquid stocks are but I can find deals that have a clearly higher ROI than a good portion of my portfolio.

I'm hoping to get the communities opinion on selling securities (Stocks, Index Fund, ETFs) to make a down payment. I've always been a buy and hold investor and the thought of selling my assets to make a down payment paralyzes me. It would reduce the diversification in my portfolio by a lot. 

In the past I've been able to use heloc or refinance money to cover down payments but that isn't the case at the moment. should I try to save up for a down payment or risk my assets to make a down payment.

Hi Everyone, 

I think I've hit a wall with convectional loans that I believe will prevent me from pursuing deals for a while. I own four multi family buildings (1 Triplex, 3 Duplexes) and make solid cashflow on them. However my DTI ratio is about 38% this includes income from my day job. I cannot get deals with conventional loans with DTI that high.

Is this a sign that I'm overleveraged and should hold off on getting more deals until I can either raise rent or get a raise at work?

The triplex is located in beaverton Oregon and should appriase for around $555,000

I'm looking at doing a cash-out refinance on a conventionally mortgaged triplex that I don't live in. When I did my initial research online it looked like I could get up to 75% LTV for this, however after talking to a credit union and Homebridge I was told that only 70% LTV was possible.

Should I keep shopping around for a company that can do a 75% LTV or is 70% my only option?