All Forum Posts by: Steve Shupe

@Al Pat

Turbotenant.com hands down! I believe BP even promotes this as well as smartmove for background checks. Best part is it’s free and posts to Zillow among several other sites!

@Paul Botsyan 

I buy them typically in my market in Delaware, I am also a real estate agent so I am constantly scouring the area. 

@Jerry Padilla

Thank you! I am actually in the process of getting my primary residence appraised, if the values come in where it should I think I'll be around 70% LTV. My rental unit is probably at 70% as well. Which doesn't leave me much to pull from. I have just enough cash on hand for another deal but, worried to use up all my cash.

So I am looking to add more properties to my portfolio, I typically buy turn-key single family units. But, I am low on cash. I typically use a conventional loan that requires a minimum of 20% down. What are some of the things I am doing wrong and should I look at something that has an ARV of greater than my 20% to refi after the rehabbing?

Or what other options do you typically use? In my market a typical unit can cash flow about $400 per month. 

I am a brand new member here on Bigger Pockets. I have read/ listened to a few of Brandon Turner's books and I get his philosophy but, I wanted to reach out to some others and get some different opinions. So I have yet to purchase my first rental property and I am struggling with this decision. Should I buy my first rental in cash or should I obtain a loan and only put down the required amount (25%)? Obviously the cash deal gets me highest cash flow, on the downside it will take a lot longer before I can do another deal?

What are your thoughts and keep in mind this will be my first rental and I am aspiring to purchase 15+ properties.