All Forum Posts by: Ran Iarovich

BECU has a program were you can get a warranty and put as low as 3% down even if you aren't under FHA.

Hi Frank,

Why not just call them and see their terms? I would also ask if they will work with agents to help with the underwriting and transaction process. You want to make sure you know everything about the property and whether it is a sound investment. 

 I love all of these. I would also put Alabama and Tampa in here.

Understanding your location would be the best start. When you are creating your team, make sure you get someone who has lived in the area as well as have a real estate acumen for the work that you are doing. Calculating your cash on cash return, payments, taxes, and utilities are also just as important. Don't forget to set the proper restrictions for the kiddos!

Go Husky's!

Ran 

I need more information about the deal. What was the purchase price? How much did you put down on the property to begin with? How long is your loan amortized for? 

I would say that 6.6% in general for a single-family home is pretty standard. Currently, some lenders are able to get away with a 5% - 6% range if you look hard enough. 

I would say that generally families like a good mix. LVP in the kitchen, hallways, and entrances. Carpet in the bedrooms

I've been listening to the podcast a lot lately. David mentions that you should invest into multi-family whenever you have a few deals secured and some skin in the game. To all the multi-family investors on here, when did you know it was the right time to start investing in them? What was your financial situation and how did you score your first deal? 

BRRR, house-hack, and multi family syndicate are all great options. Excited for you to start on your journey. This forum is the best place to start!

There is always a risk...

If you can't find a hard money lender then I would recommend to interview investor lenders and private lenders in the area.