All Forum Posts by: Shawn Krieger

 @Shawn Krieger

those that try to achieve success.  not just think about it, but actually put time and effort into it.

Hello all,

My name is Ryan, i currently live in the Bay area and work as a Police Officer in San Francisco. Ive been trying to read and learn as much as i can over the past year while building up my capital and working lots and lots of overtime. I have my sights set on Ohio as a potential area to start my investing journey. Looking to use the BRRR method. the area seems to be cheaper and less volatile which makes it enticing for a first time investor. Im looking to connect with anybody with some roots in this area as i have much to learn about the market. I feel i can only get so far by endlessly scrolling Zillow and breaking down deals with numbers i don't even know are accurate. Here are some of the questions i have. What is one way to improve estimating rehab costs? What are some good examples of recent deals that have been made in this area? What is a ballpark number for buying a house under market value in this area? And what are some tips for beginner investors getting comfortable with spotting good deals and/or things that instantly make you walk away from a deal? Answers to any and all questions are welcome or any other tips for a newbie. Thanks guys!

If you had to guess, what is the success rate in real estate investing?  Success being defined by someone being able to live above average lifestyle strictly based upon their earnings in real estate.

I bet its below 5%.

What do you think?

@Chris Teti what company is this since I am considering reaching out to fund and grow

Is Fund and Grow a good company? I understand they have 12 month subscription services, does anyone have experience with them in regards to buy and hold real estate? Does those credit lines need to be paid off by the end of the 12 month subscription? Or using a hard money loan or other creative financing a better route to go?

Just wanted to say thanks for all that posted their experiences on here.  I am currently looking for a start up line of credit for my flipping business and clicked on their ad through Facebook.

Started off sounding good with them getting me a line of credit but then switched to them  applying for credit cards with "Partners" during the initial conversation.   I was able to search and find this thread while on the phone and just told them I wasn't interested.  

There are several of these type of "Services" popping up all over my FacefBook now.  My advise is ask questions and be cautious if a company is trying to charge you 10% on whatever "'funding" they get you as they will just apply for 10 business credit cards with your information and then you owe them 10% of the limits. 

Hi @Imdad Rahman, I wish I had better news, but I know of no legitimate lender with 10% down on a non-owner-occupied investment property. The best I know of (and we can do this) is 15% down, but even then in this high interest rate, high tax, high insurance environment it's really hard to get a property to cash-flow positively without putting a lot more down. Most savvy investor clients we have are putting 25% down or more to get the properties to positively cash flow. It was a lot easier when rates were half of what they are today, but we're sitting at a 22-year high right now. We can do 15%...but I haven't seen one cash flow at that small of a down payment for a while. I wish I could share much better news with you.