All Forum Posts by: Raj Ga

I am interested in building few small cabins and airbnb. 

I am looking for an agent who has expertise in acquiring lands for this purpose and have understanding of feasibility.

I am okay across Seattle, Oregon area.

 Thanks Doug, this is useful.
1. I am currently only doing all cash. When you say you borrowed 50%-60% borrowing, where they hard money lander? 
2. Can you share some details on "bulk-buying" Did you get them at discounted price? Any tips on that would be useful.
3. What were your avenues to acquire properties?

I currently own 3 properties which include duplex and single family homes and they are under long term lease. Though I just finished my first single family home flip. I like the idea of the flip generates the cash flow that helps in reinvesting for downpayment for long term hold. For long term, I am interested in owning more long term rental properties though which requires capital to start such as down payment. I am wondering if someone have employed such strategy, doing two things in parallel - flip properties to generate cash and use that to buy long term rental or use that to do BRRR hold.

What I noticed that flip generally takes 3-6 months depending on the property, how to scale it up? How to do multiple flips at the same time? How to build multiple GC team to do them in parallel? How to build team to identity right flip candidate properties?

 

It has been scary for me to when I started, my 2c start with something in the market you understand (e.g. where you live in and understand the market well) and buy something, the effort of getting into contract will teach you a tons.

Hi, I have few smaller multi-family properties and I would like to venture into commercial multifamily properties investment. I am looking for a mentor who can mentor me. In return I can buy property with you if you are an agent, or I can help with developing website, blogs or any other help in return. If you are a property manager I can use your help for property management in my deals.

Questions:

1. If I use HELOC to buy property outright and turn around do cash-out refi on rental property, would be interest rate will be .25 higher?

2. Has any one use HELOC to buy property outright and use rent to pay off the HELOC, if I know I will sell the rental property in next 10 years before I need to start paying principals?

3. Do we get tax benefits on interest payment on HELOC being it a rental property?