All Forum Posts by: Ran Iarovich

We were military, stationed overseas. I found a provider I liked, bought newer properties. Provider had connections with lender and title company. Title company provided insurance connection. Provider also had worked out a property manager. Husband was deployed at the time, so I signed from England with a POA and bought several properties in Texas. I never stepped inside of any of the properties. Went well, overall. We sold the properties to trade to other properties after about 5 years.

Why did you pick Texas? Would you still invest there?

1 Vote

Seattle, Washington

Quote from @Eric Gerakos:

Quote from @Guka Kagu:

I'm so confused. I watched so many you tube videos but still I haven't gotten the answer. Is there any specific book that would answer the following questions?

1. How does investors use leverage to buy rental properties? I always hear people saying mortgage debt is good. Don't use your own money. How? Homes are so expensive plus interest rate is so high. Rent isn't that much.

2. Investors/wealthy people don't take out salary. They take out loan. How does that work? Let's say their business is $1 million, they take out $100,000 loan (income), what do they do the next year?

Let's say you have $500,000. Which one is the best option and why?

1.Buy 1 property for $400,000 cash (no mortgage, positive cash flow after expenses)

2. Buy 2 properties 400k each with 225k down for each property (interest rates are so high - it will eat up all the rent).

3. Buy $950,000 home, pay $450,000 cash, $450,000 mortgage. LTR will cover the mortgage and other expenses. STR might be profitable.

My vote is for

4. Don't buy real estate in the current market. Take advantage of high interest rates and buy first trust deeds currently paying around 9% or some other investment that actually pencils out and makes sense. All the best.

Don’t buy real estate unless the numbers make sense. You always want to at least break even on any property unless you have a lot of cushion cash to save yourself.

1 Vote

Washington, DC

Go out on Biggerpockets and filter by your residence for search. Contact EVERYONE and ANYONE you think may be a valuable resource. There are a bunch of guys and gals out there who just want to help the next generation. Meet these people face to face and try to explain to them your situation. Befriend these people as they will likely show you the path you need to take. Best of luck!

1 Vote

So what is the strategy? What can we do to work against this? How can we save our futures and children? Do you have a certain blueprint in mind for yourself?

2 Votes

Why would you sell? If you rehab it you already created equity in the home. You can possibly qualify for a HELOC and use that to buy another home while renting the current one out. This is how you leverage real estate to start compounding and working for you rather than always chasing the market. This is just a thought. Obviously, I don't know the full length of your situation but please look at all scenarios before closing yourself off to opportunities.

What location are you in?

How much equity will you be realizing what you sell?

How much in capital gains and closing costs will you be paying?

0 Votes

why would you invest in something with a DSCR below 1?

2 Votes

Atlanta, Georgia

I want to give my appreciation again for this community. Thank you everyone for taking the time to help!

1 Vote

Seattle, Washington

Are you in Seattle? If so that is insane for your location because of the added appreciation. I guess in the end it depends on whether it is net or gross.

0 Votes

Seattle, Washington

It depends on what you can handle and how much you saved. If you want to develop grit that will last you a lifetime join now. We are in the hardest market we have been in in the past 15 years. Please don't take this to throw you off. See it as an opportunity to test yourself and your abilities. If you can learn how to drive a manual car uphill you can drive it anywhere in any condition. If you become a good agent in this market, you will absolutely crush the competition when things get easy. Why? Because you already have the mental discipline and systems in Place that ensure your sustainability.

2 Votes

All Forum Posts by: Ran Iarovich

Ran Iarovich has started 22 posts and replied 250 times.

Post: Have you done any out of state investing? How did you overcome your initial fears?

Post: Have you done any out of state investing? How did you overcome your initial fears?

Post: Real Estate Leverage

Post: Is it possible to find seller-financed properties that would accept an 18-year-old?

Post: The future of RE investing - 5 and 10 year outlook

Post: Looking for new investment

Post: Question on DSCR option

Post: Have you done any out of state investing? How did you overcome your initial fears?

Post: 🏡 Calling all real estate investors! 🏡

Post: Just got my license should i wait till sales come up or jump in?