All Forum Posts by: Stephen Bagnani

For simplicity sake, say I loan 10,000 to a borrower. 

What total return should I expect, realistic and Best Case?

And what term lengths?

What have you experienced?

I was talking with a room mate the other day who told me he had a couple of rental properties. I perked up when he said this, but apparently he WANTS OUT. He said he owes more than they are worth and he's just breaking even with them. I was trying to tell him to raise the rent and such, but apparently he just didn't get a very good deal on them, he feels weighed down by them for some reason, even though I told him to hold onto them.

However would this be an opportunity for me somehow? If I were to work with him? Would it be worth trying to do a subject-to, or refi, or some of these other alternatives. I'm not trying to exploit him, but if I can get a good deal on these properties I would like to bounce it off him. Any advice?

I'm just starting out so I need opportunities like this to get started.

Now, if only I could monetize this thread.

 Guess my parent's moved us when we lost our house to foreclosure during the bubble pop.

A Rental.

The reason I aim for rental income is because it is not affected by a real estate crash.

I talked to a loan officer and a realtor a couple weeks ago and basically, what Alyssa said. MFR's get snatched up by cash buyers. It's kind of sad. What is entry-level?

I just moved out of a sfh with like 12 tenants. Lol! So sfr are my backup plan.

Thanks, Rolanda, how is the humidity?

This pretty much says it all, my friend has been turned on to the idea of househack but want to actually move to a nicer part of the USA. Considering they only have like 10k for a downpayment, where is the best mix of low real estate prices and Quality of Life/beauty etc? I think he wants to try for a fourplex.

Thanks now I just all these cash buyers to stop sucking up all the mfhs so theres none for the starting out little guys ;)