All Forum Posts by: Owen Dashner

Rates can vary widely. 100% of purchase, 0 points, and 19% interest is normal in my area.  2 points and 13% is normal in surrounding areas in the midwest.  You have to look at what your blended rate is when adding in the points. You might be better off paying a higher rate with less points on a really short holding time, and vice versa.

Yes - absolutely run credit if the state regs allow it. 60% of the time, it works every time.

I would slow your roll and learn your own market first.  There is no substitute for physically walking through properties.  I would also get clearer on your property criteria and what type of focus you are going to have. Wholesaling, flipping and rentals are all completely different business models. To execute your business plan, you first need to have one.  You wouldn't start a business that sold bagels, offered hatchet throwing and also did your taxes, right? Focus on one aspect of your business, then layer on others when you become an expert.

Go to your local meetups and REIA and watch who runs the event and also see who everyone seems to gravitate and want to talk to. Those are the people you need to become friends with. Having superconnectors in your circle of friends is like networking on steroids.

6. Consistency in networking. The only things that limit your success are the quality and quantity of your network. Spend time focusing consistently on your network and you'll be way beyond those who don't.

This is a pretty good list of books specifically about syndications: 

14 Best Books on Real Estate Syndication - Bigger Investing

@Zackery Smith DM me your email and I'll send you one that we use.

Commercial multifamily values are generally based off of the NOI and prevailing cap rate. Investors buy the cashflows, they aren't going to be living there.

People can want a perfect single family home all day long, but they still need to live somewhere they can afford.  There is a nationwide housing shortage with no end in sight, so multifamily will continue to sell just fine as long as they are priced correctly and vacancies continue to stay low.

Look up Matt Larson in Iowa on socials. He has systematized finding and training VA's. He used to have a program where you could hire VA's that have already been trained.

@Leo R. the fan has me cracking up - I'm sure it's doing a lot of good drying that out LOL!