All Forum Posts by: Stuart Grazier

@Patrick Farley I don't think you'll see any type of positive cash flow on a single family home rental property in Lakewood (unless you are willing to rent by the room). And if you aren't getting any offers on your property, you either have it listed too high, or your agent isn't marketing it correctly. I'd try to change one of those two things (price or listing agent) because Denver is still a pretty hot market and most properties are still selling fairly quickly. 

Thanks @Doug Spence

@Jordan Malara I won't be able to make this one, but will definitely try to make one in the future. Curious if you'd be open to trying to do a lunch time verse a night time meetup in the future? 

@Roland Rodriguez Sounds like you have lots of potential to pull equity out of the deal. I'd recommend trying to get into a longer term commercial loan at a fixed rate. 

@Bejan Shamsy I think buying anywhere on the outskirts of DFW is a good play. I've been a private lender on some land deals with an investor/agent in Greenville and happy to connect you. I sent you a PM. 

Welcome @Robert Wesley Kern! I'm a fellow Navy guy and from Dallas originally and have some investments and connections there. Happy to connect and  help however I can. I sent you a PM. 

@Kez Strong I personally had a bad experience with USAA lending and know of quite a few others who had similar issues. They are primarily an insurance company, but do banking and lending as a side gig. I'd highly recommend them for insurance, but not for lending. Additionally, they are not very investor-friendly. 

@Asare Nkansah This is such a great strategy! I did something similar with my first house purchase in San Diego back in 2005 and is what I recommend to anyone that wants to start investing in real estate. The best place to start is to build your team of real estate professionals that can help you. You'll want people on your team that know the area, know the strategy, and will make sure you have all the tools you'll need to be successful. 

@Alexa Ferguson My wife was a professional home stager and designer and may be interested in helping. I sent you a DM. 

@Nik Eliadis Have you looked into trying a commercial DSCR loan? They base the loan off the income the properties are producing, not off of your own income. I'll send you a DM.

@Mackenzie Page One option could be to find a private money partner(s) to help you with paying off the $140k loan. You could either offer an equity position with the partner(s) and/or just give them a debt position at a certain interest rate that makes sense for everyone. You then offer to the seller that you can do a down payment of $140k to pay off his existing loan and ask to do seller financing on the rest of the sales price. The seller will have passive income and you buy the property without using any of your own money. Hopefully the current rents can cover your debt payment and as you increase rents and do repairs over time, you can force appreciation and be able to refinance into a conventional loan in 12-18 months.