All Forum Posts by: Salome Dcunha

Was also looking for help on this, will check out Proper Insurance and stay tuned for other more experienced AirBnB/STR hosts to respond. Thanks for posting this question @Chris Garza!

So I've started my real estate journey working mostly with realtors and saw something interesting come through from a wholesaler. Are there different "rules" around closing a deal with a wholesaler? Aka, is the offer they have the lowest already or should i still ask if there's wiggle room to negotiate lower? The deal makes sense for my COC and $/door minimum criteria, but as i've listened to more experienced people on the podcast, i'm wondering if i need to add a criteria for annual profit to be >$5000 per property because it seems like that may cover potential disasters/capex problems that occur without wiping out property profits for multiple years. That last criteria is the one that falls short in the analysis on the deal the wholesaler is presenting. Thoughts, BP community? Appreciate your help!

Thanks @Lauren Norman for posting this! My husband & I are working on closing on our first investment property and found this tread helpful. How did it work out for you? Also, we read about having existing tenants sign Estoppel Agreements to cross reference what's in the lease. Did you end up doing this on your property? Thanks!

just finished listening to Podcast Episode #14 with Ben Leybovich - wow!! Now that guy knows his stuff! Left me with so many questions. One of them being...How do experienced investors refinance when they can't qualify for traditional conventional loans? Is this strictly solved by having a partner who does qualify? Or from just taking out a different type of loan (portfolio or hard money loan)? Also in terms of partnering and conventional loans - if your partner is your spouse and you both have different names, could you each take out multiple loans till you max out? Would that only be true if your assets were completely seperated?

When you're just getting started as a real estate investor, what advise would you provide on approaching traditional financing? Should I try to get pre approved for the largest loan amount available (and I'm comfortable without being over-extended)? Is this even possible? Or does the process work by getting pre approved for a specific deal once it's in sight?

Thanks John! So you keep that 10% as cash on hand then? High interest yield account or something like that? Assuming not as equity since that's slow to get to?

how do you actually save for CapItal expenses? Do you just keep a certain amount of your assets liquid every year - CapEx for a property when starting and then a percent of your total RE portfolio CapEx? Or how do you end up accounting for these large draw downs that inevitably happen?

@Antoine Martel - thanks for the super fast response! And for the guidance!

hi! just starting out on my REI journey and am in the learning phase. Looking to get into REI for the cash flow to diversify my income streams and get to financial independence quicker. My husband & I are pursuing this goal together but we both have full time jobs so we are not looking to be a landlords. In listening to podcasts so far on REI topics, I get the impression that lots of folks start off managing their own properties before they get a PM, and once they do they usually have lots of properties which seems like an incentive for a good PM to take on their business. so as we get started I'm wondering - how do you get a property manager to manage just one property when I first start? As a beginner I'm assuming it will take time to acquire more properties to get to our cash flow goal since we are planning this as a side hustle. Also at what point in the process do you start looking for a PM? Before you even have a property? I'm assuming after it's ready to go may be a bit late? Got any thoughts/advice on this area? Thanks so much!!