All Forum Posts by: Kyle Tusing

I am commenting to stay notified of what everyone else has experienced. Personally, I decided to not do section 8 due to the worry about the quality of tenants however, as I have progressed and as I venture into more investing with certain properties and locations I can see situations where using section 8 can be more logical. I am interested to get everyone else's thoughts and experiences because I could be persuaded either way on the topic.

Private equity or hard money is all that comes to mind unless seller financing is an option. Is it an investment portfolio you are trying to aquire? 

How long did the rehab take in total? additionally did you hit the budget for the rehab on the nail with your estimates?

Sounds like a good plan, are you long-term renting it or STR? Additionally how much does it make annually?

Hi, I do not have anyone directly but I will ask one of my team members and let you know if they have a recommendation. 

Hi, I would be happy to connect and also set you up with other agents I know near you. Additionally, I would recommend just calling them, and staying connected with agents who are on the other side of your transactions.

seems like a viable plan, although I do not have all the details on the property or the deal itself. But based on what I see here you have a good plan and path you are creating. One tip I have to get an offer accepted is to use multiple offers. All offers can be seller financing options, or if you are open to it one could be a hard money/private equity funded option. I would recommend a similar offer to you have an above 7-year term with 2.5% down. Then another offer with more money down and possibly a longer term. Then a final offer with the overall purchase price being higher but a downpayment at 2.5% and longer terms possibly 10 years. As far as contracts I would find an investor-friendly agent that can help you best with your local contracts. Personally, I have had friends use AI (Chat GPT) to build out contracts, however I want to make it clear I am not advising this due to the risk associated with errors in a legally biniding contract.

I am not aware of any singular database that has the power to do all of that as MLSs do. There are roundabout ways of doing certain pieces of that, I think the best advice would be to find an agent that can assist ( I could probably help you find one) or become and agent!

echoing what Mike said. Will you be able to value add to the property to gain some equity to make up the difference? What would the property currently appraise for? Is it in an area of high appreciation? Additionally, I would suggest trying to add value or find ways to make up for that ~108k difference as soon as possible so if for some random reason rates drop you can take advantage of a low rate and refinance into that rate earlier than 5 years (as long as their is no pre-payment penalty).

Hey if you are still looking/having difficulties finding a lender that will work with you with a low credit score I have someone in mind. When I last spoke with him he was able to help 2 clients with even lower scores get approved for loans so he may be able to help, I think it would be worth a try. let me know if you would want me to connect you with him.