All Forum Posts by: Nathan Murith

@Scott Schirmer, welcome to biggerpockets and congratulations on doing the work.

We invest remotely in St Louis, and it's been good to us. Plenty of opportunity. Lots of different price points, asset classes, property types, tenant pools to choose from.

Do you know what type of REI you want to get into?

In any case, happy to chat more and share what we like, don't like, tools, tips, tricks, and resources.

Please do not hesitate to reach out, connect and DM if you want to chat more.

@Marcelle Abel it really all depends on the situation, returns, and what you would do with the money you keep in your pocket if you go with 20% down.

What's the return difference on your investment with 20% vs 25%?

We typically always go with 25% as the rate is much better with most lenders. We like that over 30 years 😄

@Nick Scarfino happy to share who I work with. I’ll DM you.

 I think it very much depends on what your investment goals are, where you are planning to invest, etc. That will also help pinpoint which is the better strategy for your goals.

That said, STRs usually have more overhead and more work than LTR which may not be something you want take on now.

@Leah Mitchell

1. patience. it's not a get-rich-quick scheme, it's a get-rich-for-sure. that doesn't always resonate well in today's microwave society.

2. it's a people business. it's about the people you meet and work with. spend a lot of time networking and understanding how you can provide others value.

3. consistency and focus are key. it's too easy to chase all the new shiny objects after every IG post or podcast you see or listen to. pick a lane and stick to it for years before you start looking elsewhere. look at your market and deals every day. EVERY day!

4. get great at analyzing deals.

5. don't reinvent the wheel. find people who are a few steps ahead of you and leverage what they know to accelerate your success.

happy to discuss in more detail and share any of the tools, tips, tricks, resources we like today and loved when we got started. do not hesitate to reach out

@Juan Vega congratulations!

I am happy to recommend the CPA we use.

Don’t hesitate to reach out.

@Shai Dahari BiggerPockets has an agent finder tool, I am not sure if you saw it: https://www.biggerpockets.com/...

I would also ask other out of state investors who invest in Indianapolis for their recommendation. there are a bunch of Indianapolis real estate investment Facebook group that I would also check out and ask for recommendations 

@Jerome C Brown, I am assuming you are talking about a private individual(s) lending you money for an purchase and rehab?

If that is the case, one of the beautiful things of working with private money lenders is you can create the rules. There is not official or formal document or process you have to follow, it’s whatever works for you and the lender.

I like to be as detailed and complete as I possibly can. I actually have a standard packet that I like to put together for each project.

If you are interested in seeing that, I am happy to share it. Reach out, connect, and DM me

@Brian O'Neill, I am assuming the sellers mortgage lender is in first position lien ?

If that is the case and you offer lower than their mortgage balance, the sale would not go through unless the seller cuts a check for the remainder of the loan.

What did they not like about the sub-to option?

@Sunny S. how are you?

We actively invest out-of-state in STL and would be happy to share any of our learnings, failures, successes, mistakes, tools, tips, tricks, resources. 

We try to set aside a few hours each week to give back to the community. If you want chat more, please do not hesitate to reach, out connect, and DM me.