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All Forum Posts by: Kyle McGrath

Kyle McGrath has started 6 posts and replied 18 times.

Post: $2.5 million in deals done in 3 years

Kyle McGrathPosted
  • Jacksonville, FL
  • Posts 20
  • Votes 11

@Elenis Camargo

Wow! Thank you for sharing this. I am located in Jacksonville as well, love this city! Very inspiring story and I appreciate you showing other ways to earn money in Real Estate outside of acquiring assets.

I have a question: I am going to be partnering with a Property Management company to start managing properties here locally. Would you recommend that I get a realtor’s license to help facilitate the acquisition of properties for the business, for myself down the road, and for family/friends that may be interested?

Thank you for this post!

@Keeshaun King

You can also look at the map feature on Craigslist.

Works fairly well, if there are similar properties for rent nearby.

Post: Reality of finding off-market duplex

Kyle McGrathPosted
  • Jacksonville, FL
  • Posts 20
  • Votes 11

Love it @Andrew Pokrzywinski! Out of the box thinking for sure. This helps a lot.

Post: Reality of finding off-market duplex

Kyle McGrathPosted
  • Jacksonville, FL
  • Posts 20
  • Votes 11

@Damaso Bautista & @Chris Davidson Thank you for your input!

Post: Reality of finding off-market duplex

Kyle McGrathPosted
  • Jacksonville, FL
  • Posts 20
  • Votes 11

Hello BP family! 

I linked up with a great realtor in my market (Jacksonville, FL) and waiting to pull the trigger on a multifamily property. 

With that said, is there anything that can truly be done to find an off-market deal (this market is HOT), or just sit and wait for my realtor to bring us a property.

I will be using an FHA loan, so I know that will add an element to finding a suitable deal.

Thanks for your time!

Post: 203k Loan Experience

Kyle McGrathPosted
  • Jacksonville, FL
  • Posts 20
  • Votes 11

@Paul Welden, thank you for your response! It seems like I need to do some research on finding the right Realtor, Lender, and Contractor.

Would you recommend obtaining a Loan approval first, or finding a property to suit my needs and tailoring the loan around that?

Cheers!

Post: 203k Loan Experience

Kyle McGrathPosted
  • Jacksonville, FL
  • Posts 20
  • Votes 11

@Elise Marquette, thank you for the response! 

Post: 203k Loan Experience

Kyle McGrathPosted
  • Jacksonville, FL
  • Posts 20
  • Votes 11

My wife and I are currently renting but are looking for a Multifamily (Duplex, Tri, Quad) as a House Hack for our first home.

I am wondering if anyone has experience using a 203k loan and certified FHA contractors? We might utilize this loan as an option to finance.

I've heard to expect a lot of red tape and long time to close, but to me, the more work something is, the better the pay off. Wondering if my hunch is correct?