All Forum Posts by: Steven B.

@Corby Goade Thank you! 

right exactly spot on here with the DSCR, the biggest downside is putting a higher down % payment, and utilizing more liquid funds that can go towards renovations or other investments. What initially drew me into DSCR was being able just to show the "W2", "income amount coming" and as long as the rent comps were in positively cash flowing everything was good, and not having to ping my credit.

Overall, just want to fully maximize on my time, and making sure I am doing everything in my power to be build up my portfolio as efficient as possible. 

I do indeed know it.. but also would not hurt to understand outside markets (circumstances change) also certain states or not as land lord friendly as others. Also, ROI in certain states/cities are not created equal. Working with fellow realtors/agents or others investors investing out of state on deals & pushing the envelope to compound. Being able to Work with syndications or smaller group deals. Where each party has some skin in the game holds everyone accountable. Your definitely not wrong with relying on complete strangers (humans) to be there best self day in and day out. Have to take a chance on people sometimes right? or will be in the same position.

Thank you John! Much appreciated. Did not realize that was the case, but what if I used the Fannie mai 5% down on my first home hack can I still utilize the FHA 3.5% down on my next purchase?

Yeah here mixed reviews of investing out of state, from what I hear have to have stellar rock star of a team and property managers you can trust. 

Happy Sunday all, 

Currently house hacking a 4 Plex property in Chicago, utilized the Fanni mai 5% down. Going well so far. Already, In the process of adding forced appreciation by adding an additional dwelling unit & also adding value in other ways. During the process of getting this done I want to continue, and strike while the iron is hot. Trying to expand my Multi property investments portfolio & expand my network with likeminded people to go on the attack & get stuff done. A solid A Team. 

I was thinking to utilize a DSCR loan for my 2nd Multi family purchase this year? open to other financial creative solutions I may not be aware off. Also, I am a little stuck in the sand at the moment. Not sure if I should stay in the Chicago market or Invest out of state in a more land lord friendly state? I hear great things about the OH, FL, TX Multi family markets.... Chicago feels to be saturated and over priced, not finding great deals, but I could be wrong? 

Would appreciate some insight on what you all think? What would you do in my current situation?