All Forum Posts by: Peter Vercellin

Yes a DSCR will work with a newbie. But a DSCR is a loan where the property is already renovated and ready to be leased or is leased. If you are using a contractor then its a fix and flip loan, there are a few out there who work with newbies but most want to see some type of track record.

@Peter Vercellin - Nice! Not crazy at all, it's much cheaper out of state compared to Colorado. If you were interested in investing in Colorado, please reach out! There are strategies that make the numbers work, you have to be creative. 

Would love to connect and learn more about your goals!

All of those markets on the KS side are strong. If you are being by KU you'll be in Lawrence area. There are PM's that manage on that side, Kansas City property managers don't generally travel that far. Which kind of lender are you looking for?

@Peter Vercellin Congrats on getting started.  Focus on deal analyzing so that you know what constitutes a "Deal" to you.  Additionally, develop some real estate metrics so that you may measure markets evenly and objectively. 

As a NY'er what was important to me was 1. cost of market entry 2. price to rent ratio 3.  availability of multi-family 4. ability to write my own contracts(Go off market) 5. landlord tenant laws etc......and some others.

If you plan to hold long term, think of what would be most important to this type of investing i.e 

All the best!