All Forum Posts by: Lisa R.

@Dan Guenther Congrats on those deals!  They sound like fantastic scores!!!

We are very interested in seller financing; learning more about the specifics now.  I wanted to have an alternate plan so we can have multiple offers or at least multiple strategies.

What lenders are you working with that are doing 10% down? I have only come across 15% DSCR loans, but with the higher interest rates, those don't really work out for us.

Lastly, when are your monthly meetups?  We'd love to join!

If a phone/remote chat would be easier, just let me know.

Thanks for reaching out!

 Thanks! I have read the first one - re-reading portions of it now.  But I have not read the Pace Morby book.  I'll check it out!  Thanks!

Is anyone investing in high value markets who is willing to share strategies on how they are funding real estate?  Or how they would coach a new investor (me - I'm the new investor) on funding smartly?

Looking to purchase our first SFH/condo, LTR property in Northern Colorado, in the range of $260k, we have cash for 20% down. Our primary residence has a lot of equity, we have great W2 incomes, and >800 credit scores. Looking at HELOCs for either a larger down payment combined with a conventional 30yr, or using the HELOC for the entire loan. Not looking to move to do big rehabs.

I'm using the BP calculator and getting cash flows of -$800 to -$1000.  I just want to break even.  I would really love to hear how others are being successful. 

TIA

@Nate Shields will you be having any more of these meet ups?

The options I'm considering are bank financing, HELOC, private money lender, and/or seller financing if that were available in the deal. At the same time, given our inexperience, the idea of partnering with someone with more experience and potentially financing ability is also appealing.

Here are some details of our situation:

• My husband and I are looking to purchase an investment property within the next 6 months.
• We are looking for a two bedroom, two bathroom single family or condo, <$350,00 as a buy and hold in a high value market that will likely have poor cash flow but high appreciation.

• We are both in white collar occupations with full-time W-2 jobs.
• We have $26,000 cash saved for a down payment, and $30,000 in an investment account for reserves.
• Our primary residence has almost $460,000 in equity
• We both have credit scores over 800
• Average home value in this area is >$500,000; average rent is around $1500-1700

Thanks in advance for any insight!