All Forum Posts by: Patricia Kovacs

Thanks for the tip, Joel. I invest in buy and hold single family rentals.

Can anyone recommend a great real estate broker in the Charlotte NC area who has experience working with out-of-state investors? 

Greetings, BP community! I am a newbie buy/hold investor, in the process of closing on my first SFR. I plan to acquire a portfolio of properties for long term retirement purposes. To give you some background, my experience with mortgages in my lifetime is limited to 3 transactions (conventional) related to my past and present personal residences, as well as 1 refinance. Those 4 transactions were simple and uneventful - I searched on bankrate for the lowest rate, applied and closed.

What I don't understand is why I'm sensing so much trepidation from the various team members (brokers, settlement co, seller...) about which lender I'm going to use? I've been told that deals frequently fall through at the last minute if I don't use the right lender. How is buying a single family for investment purposes different (from a lending perspective)? The lender I selected for my first SFR is aware of why I am buying the house and has priced it accordingly. What am I not seeing here? Does anyone have any book recommendations to help me understand the ins and outs of financing for real estate investors?

Hello BP community! I'm a newbie investor, in the process of closing on my first SFR. My plan is to acquire a portfolio of buy and hold properties sufficient to support my husband and me in our retirement (~20 yrs from now), as well as to create a legacy for our children. My question to you experienced investors is this: with 20/20 hindsight, if money weren't an issue when you were starting out, would you have gone straight for the big deals (8-50 unit multi-family), or do you think it's more prudent to go the slow and steady SFR route?