All Forum Posts by: Marci Daugherty

I live in Indy looking for live in fix n flip and regular Indy as well as Kokomo. Would like to connect . 

Thanks Bill. Good info. I sort of found the same answer for a SFH from Chat GPT. I wish a multi unit in this area is available... just not good pickings. I am not sure how to get around the credit score for him. I need him to determine if he has one and what it is. I did add him recently as an authorized user and since my credit score is high that should help.

Good luck with same situation for your son! 

@Denver McClure Thanks for the connection. 

Very interesting. I am thinking of doing a rent by room for my college son and his friends. How are co living rentals able to get lower initial investment or down payment ? 

My son is going to a local college and their is ripe investment opportunity. I was originally looking to BRRRR by Aug so my son and his other college friends will rent it out. Initially I was going with a heavy fixer upper as I have about 25k cash with significant IRA reserves and about 10k LOC at zero percent . Yet finding GC has been challenging find and not sure the timing will get done even if I closed in 3 weeks. Plus ther is the draws. So then I though about buying a rental with low money down. I am trying to have him buy (18 but obviously no credit) it and me co-sign so I can still use the FHA loan for a live in fix n flip. Plus he gets RE under his belt. Can I do this ? What do I need to think about or watch out for ? Any other bright ideas to do both projects (doesn't have to be simultaneously). TIA!

Happy to take a listen as a fairly new investor although I have different strategies : STR and MF but still will listen. How would you like feedback ? If prefer via email, please let me know ! Marci

Hi, 

Anyone seeing STR demand decrease for 2023? I am a new investor under contract with an STR PCB. The owner, one realtor provided gross income and property manager comes in abt about 6 k less do to market decreasing. This makes me be negative cash flow now. I did borrow some money for down payment t. I'm doing seller financing and want to be in real estate long term. I hear different ideas about appreciation vs cash flow. If I wait as this is beach and reaching high season, prices will only be higher next year. What are things to evaluate a move forward vs not ?

Thanks John. I think I’m not explaining correctly perhaps being new to seller financing. I wanted to obtain first mortgage or sell after 2 years . Seller has agreed to this as she only wants to ensure it doesn’t go longer than 10 years. so I guess now a mute point :)

I have read conflicting information about ability to refinance for cash out or any ability (another creative option?) to obtain equity after being in a promissory note with seller financing (clear title, 25 percent down, fee and clear ) . Term 10 yrs , amortized 30. How do I ensure there is a clause or mechanism for me to do this after at least 1 or 2 years?