All Forum Posts by: Richard Graf

@Michael S. Thank you for the feedback. That is a really good point to consider. I will need to look into the age of these items.

We are just in preliminary discussions, nothing is 'set in stone'.

I am hear to hear considerations from all of you guys.

Thank you again!

@Steven Goldman thank you for the feedback. My intention is to hold and gain on the long term appreciation, I also feel there may be and opportunity to have some forced appreciation.

I also don't want to have a full portfolio of low cost homes, but feel this may be my best option to start as I have such a small amount of up front capital.

I need to do do some research and see how I can best leverage my 15k saved.

@Matthew Irish-Jones thank you for the feedback. In your opinion, what is the most effective financing option to get the most leverage out of 15k?

@Drew Berman thank you for the feedback Drew. You have given me a lot of good points to consider. I really appreciate it.

At this point we are just in verbal negotiations. We have not set anything 'in stone' yet.

Hello, thank you for taking the time to potentially help us.

My wife and I are looking to purchase our first rental property. I have 15k saved. I am looking in class C neighborhoods. The property I am considering is 40k. The tenant has been long term (13 years).

I have the deal lined up from a friend who is an investor. He is willing to seller finance over 10 years at 5% APR. I will have positive cash flow on month 1 with an 11.7% COC Return.

My question is, how do I purchase another one quickly? I will be depleting my saved up, down payment money.

My wife and I have exceptional credit, with minimal debt, and above average incomes; so the DTI ratio should be on point.

I have read about 'Portfolio Lenders'. Would that be my best route?

Thank you in advance for any advice.

-Rich