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All Forum Posts by: Laura Higgs

Laura Higgs has started 3 posts and replied 10 times.

I understand how it works. I'm trying to figure out if it would be worth it to start my own business or use someone else's service that is already established. Also, anyone who would recommend who they use? I've also been toying with the idea of changing my career path to insurance to learn more of the inside day to day of the business and maybe make some good contacts. Would love some sage advice. I have been considering Chris Naugle-anyone have experience with his company?

Quote from @AJ Exner:
Quote from @Laura Higgs:

Hi all! I am looking to find a lendor who does finance for smaller deals. I like to find owner finance deals and just finance the down payment for as many years as I can for cash flow. I focus on rural, single family and duplexes. I do already have a construction crew run by a friend who fixes anything that needs attention before renting out. I am getting back into rentals after taking a break after my mom passed away. I am excited to start building my portfolio and learning all I can. Thank you for your consideration. **For context I house hacked for about a year after she passed away but couldn't live in that house anymore and sold it. I now run a farm and still work in pharmacy. 


Hey Laura,

So I can't help with the true GAP funding, but I might have some ideas on how I could help utilizing the seller financing and transitioning it to something long term. 

I shot over a DM, would love to connect and see if I could help.

Good luck!


 Ty so much for reaching out. I've emailed you a copy of contractor quotes and rio sheet.

Quote from @Jaycee Greene:
Quote from @Laura Higgs:

The Roi combined for 3 duplexes after repair will have an ROI of 4.47. If I managed the properties myself, I would save about $900/month. Would that be worth it? I'm just thinking about the time it would take me to show them on the other side of town constantly. Also, any advice on how to screen tenants would be helpful. Thank ya'll!

Howdy @Laura Higgs! Can you give more details on your numbers, purchase prices, rehab costs, time to complete rehab, ARV, monthly rent? Also, I work with a lot of long-term RE investors and none of them look at ROI. What do you consider a good ROI % on a long-term rental?




Here's all the info and quotes I have. This is calculated with a property manager.

Quote from @Jonathan Soto:

if you have proper team you can self manage. are you local to the area? are you handy or do you have team of handyman when issues arise? i use apartments dot com for screening

 I do live locally should anything arise. Handyman yes but for clogged toilets and such I will use a local plumbing co. I work with a contractor that I will use for any renovations that are needed who is husband to the realtor that will be doing all my showings. I will check aprtments.com ty so much. 

Quote from @Robin Simon:

Are you thinking about managing versus a property manager or are you also thinking of selling as well?


 I will be managing and will be paying a real estate agent friend to show the properties for me. Automated messaging systems and payment portholes will be in place. 

Quote from @Deborah Wodell:

Hi Laura, it sounds like you're getting back into a great rhythm with your investing! For smaller deals like owner finance options, it's important to build a strong relationship with the seller, as this often leads to more flexible terms. If you're focusing on rural properties, sometimes local community banks or credit unions are open to these types of deals. Also, a lot of sellers might be more willing to finance the down payment if they know you're committed and have a clear plan for the property. Good luck with building your portfolio again!

Thank you so much! I did try my local banks but will check to see if there are any I missed.  I'll am to see if they'll finance the down payment,  I hadn't thought of that.  Ty so much!
Quote from @AJ Exner:
Quote from @Laura Higgs:

Hi all! I am looking to find a lendor who does finance for smaller deals. I like to find owner finance deals and just finance the down payment for as many years as I can for cash flow. I focus on rural, single family and duplexes. I do already have a construction crew run by a friend who fixes anything that needs attention before renting out. I am getting back into rentals after taking a break after my mom passed away. I am excited to start building my portfolio and learning all I can. Thank you for your consideration. **For context I house hacked for about a year after she passed away but couldn't live in that house anymore and sold it. I now run a farm and still work in pharmacy. 


Hey Laura,

So I can't help with the true GAP funding, but I might have some ideas on how I could help utilizing the seller financing and transitioning it to something long term. 

I shot over a DM, would love to connect and see if I could help.

Good luck!


 Always looking to connect and hear new ideas! 

Quote from @Patrick Roberts:

So are you looking for a lender to refinance out of the owner financed note, or are you looking for a lender who will lend your downpayment behind the owner financing?

The down payment and I'll cover the rest with renting cash flow. 

Hi all! I am looking to find a lendor who does finance for smaller deals. I like to find owner finance deals and just finance the down payment for as many years as I can for cash flow. I focus on rural, single family and duplexes. I do already have a construction crew run by a friend who fixes anything that needs attention before renting out. I am getting back into rentals after taking a break after my mom passed away. I am excited to start building my portfolio and learning all I can. Thank you for your consideration. **For context I house hacked for about a year after she passed away but couldn't live in that house anymore and sold it. I now run a farm and still work in pharmacy. 

The Roi combined for 3 duplexes after repair will have an ROI of 4.47. If I managed the properties myself, I would save about $900/month. Would that be worth it? I'm just thinking about the time it would take me to show them on the other side of town constantly. Also, any advice on how to screen tenants would be helpful. Thank ya'll!