All Forum Posts by: Robert Campbell

I own two doors in Greenville, SC and want to expand that, but I'm having a hard time finding anything that cash flows. So I'm looking for help. I have a VA loan that I can use, so I'm looking for an investor that can help me capitalize on that. I'm single and willing to move into the place if need be, but I'd like to get into a multifamily in the area with more cash flow than we can get out of a single family right now.

So investors that know how we can capitalize on a VA loan, reach out! I'd love to talk!

Great point.  Thanks!

@Gabriella Woods If you shop mortgage folks a little bit, you can find one that will work with you on a VA Loan and you don't REALLY have to move into it. I'm in Greenville, SC. PM me if you want a name to talk to.

When running my numbers, I’d typically figure in 10% for capital expenditures, maybe more. (Because I just shelled out $3,000 to have a tree taken down and $10,000 more on carpet and painting.) With a condo, the roof, walls, and outside are covered. So do I need to allocate 10% to cap ex when all I need to worry about is say... A hot water heater?

I'm looking in Boone, NC for a spot right off the ski slopes to Airbnb. I'm also thinking of moving there for six months or so and using a VA loan to finance the whole thing but I understand that makes vacation rentals more difficult. Y'all are all brilliant out there. I bet there's someone that know all about this. So if you're an agent in Boone, hi.

I always laugh when people talk down about "newbies" and act like "experienced investors" are somehow smarter.  This business is no more nuanced than anything else, and is in a lot of ways, MUCH LESS nuanced.  Experienced investors aren't better at math than anyone else, and they don't have a crystal ball.  I'm relatively new in real estate and I haven't entered into a bad deal yet even in an uncertain market.  I'm also branching over from an industry much more complicated than real estate.  

If some of the people that are "realtors" can make a living in this business pressuring their friends into giving them commissions then anyone can do it.  That's part of the beauty of it.  If you're willing to get in the arena, the arena is willing to reward you.  You only show your misunderstanding of markets when you say someone has overpayed.  

Hi all, I'm in Greenville, SC, but I search in this whole area.  I'm two doors in, so still fairly new, but learning my way around.  I have cash, so I'm always looking for someone that wants to partner.  Specifically on a multi-fam.  

As the description says, I'm looking for the next opportunity to buy more real estate, but I'm currently deployed and can't do too much searching in earnest while I'm overseas.  So I want to park some of my next down payment somewhere with more than a .05% return like a checking account.  I also need to be able to access this quickly if I do find the next purchase.  What's a simple way to put this to work and get it out of my checking account, AND make a return, AND keep it accessible should I need it for another purchase?  

@David Latu. Without running any numbers at all, I would be wary of that unspoken rule of not selling for the equity. Seems like a goofy deal footnote that is a disadvantage for you. What if it’s not worth $375k in five to seven years when you want to sell?

With $75k in cash, you could buy another place that cash flows $200+/mo and not even have to worry about what happens with your equity.

I suppose it all comes down to your motivation. Are you a prospector or do you want cashflow?

Looking into the future and putting together a plan I'm seeing an issue with my DTI ratio. Currently I have about $170,000 in real estate debt, and $70,000 income. So effectively about 40%. If I purchase an $80,000 home, and finance $60,000, then it rents for $1,000. The income doesn't offset the debt and my DTI drops. Eventually it drops below where lenders want to venture into me.

How have you combatted this?