All Forum Posts by: Kyle M.

@Sofia F. @Kevin Whisler I lived in SJ for many years. I think most parts of CH and Voorhees would be very difficult to find properties to BRRR or flip given I can't think of many neighborhoods in these towns that have distressed properties. Most neighborhoods are extremely well kept- yes there are exceptions..... Berlin- possibly but I am not too familiar with Berlin. Towns that come to mind for BRRR and flip would be Collingswood, Pennsauken, Merchantville, Haddon Twp, Audobon, Lindenwold, Clementon, Deptford to name a few.

@Matt Michaelson what towns do you invest in? I saw your profile said Easton- I am also local to the Lehigh Valley and am currently looking at multi family properties across the valley. I am new to the site and to investing in RE.

Do you do a lot of contract work for investors in the LV?

@Matthew McNeil would like to hear your advice on the question I asked Frank as well but couldn’t figure out how to additionally tag you from the app. Any insight would be appreciated.

@Frank Maratta Is it wise to put each property under its own LLC? Or to create one LLC and move all properties you buy underneath that?

I asked my mortgage broker about this as I am currently looking at a 4 unit. I was asking how to move it from my own name after I get an FHA on it into an LLC and he mentioned to "quitclaim" it. He then told me that most lenders that he would place the mortgage with have a "due on sale" clause in their mortgage paperwork. Basically he said they could call the note at any time if it transfers ownership. I am a bit confused on this because I have heard of people saying they quitclaim all their properties.... is it a true statement that I am in danger of having my mortgage called if I move it under an LLC? Are there any alternatives?

@Timothy Joseph you would be cash flowing even in the scenario of you saying you are purchasing them at 100% LTV. In 20 years from now if you had a 30 year amortization- rents will only rise with inflation yet your mortgage payments will remain fixed or you could refinance down the road and make them even smaller for increased cash flow.

This scenario stands unless the communists take over congress and implement their “rent control” plans on all 50 states.... then we don’t know what rents will be going for. Heck we don’t even know if there will be a such thing as private property in 20 years.

@Timothy Joseph why wouldn’t you amortize over 30 years?

@Dennis M. How is the Erie market? What cap rates are you seeing on the multi family properties out there? I am on the other side of the state here in Bethlehem.

Additionally what is your metric/goal you aim for on a per door cash flow number when screening a multi family deal? $100-200 per door after expenses and reserves?

@Jeremy Roll I was just discussing this topic with @Josh E. This week. We were wondering about this as well.

@Timothy Joseph Kiyosaki refers to something called "infinite returns" which is earning a return when you have zero money or skin in the game. Unless I missed a post- May I ask what the property or properties are worth that you are buying with zero money down? I'm not following if you're buying these properties at 100% LTV or if you are buying them for under market value with 100% financing somehow...

If you asked me if it is a good investment to buy a house that has a value of $120k for $70k with zero money down I would say yes that is an excellent investment. But in theory that situation would provide more cash flow than you’re saying.... To further emphasize the point I am trying to make- is it a good investment to buy a house worth $120k for $150k with zero money down and hope for appreciation? I would say no this is not a good investment.

I would rather earn 1% of 100 people’s efforts than 100% of my own efforts.

- John D. Rockefeller

@Ned Carey you don't utilize any zero money down strategies to acquire your properties? Private/hard money, BRRRR etc?

I just ordered Brandon’s book- Investing in Real Estate with No Money Down. I would like to learn how to acquire properties with as little down as possible.