All Forum Posts by: Jeff Stansberry

Hi there,

I was considering investing in real estate (wholesaling or BRRRR) if possible in the Temecula / Murrieta area. Living in Corona I do have some experience there.

Does anyone have any experience investing in this area? If so, what do you think the direction of it is? 

Thanks!

@Chris Heeren Thanks for that information! As I look into the market more that is what I am finding as well. The key is getting the properties and rehabbing them for as low as you are doing. Hopefully I can get something going soon...

@Calvin Ozanick 

What would you say the difference in rent is per month for a 3 bedroom 2 bath SFR vs the same in a MF unit?

@Chris Heeren Thanks for the reply and you are correct regarding that agent promoting those types of deals. In your portfolio of rentals do you have any MF? If so, how do they perform overall vs the SFR? Thanks

@Calvin Ozanick Since you are in property management. How much less would rent be for a 3 bedroom MF unit vs a 3 bedroom SFR?

@Jaysen Medhurst I agree with multi-family you will economies of scale but higher turnover in units = more expenses as well... But agree you need to analyze each deal on it's own. 

@Curt Davis @Account Closed Thanks for the recommendations. I was able to find one through Pen Fed.

Hi All,

I'm an out of state investor looking into the Beloit / Janesville areas. I'm seeing on the MLS single family homes for around 60k that will rent for $1,200 which is a great return. However, I was surprised to see MF such as 2-4 units listing around mid to high 100k.

In your experience are the multi family or single families seeing a better CoC return? Especially interested in the BRRRR strategy and cashflow would need to be high to make it worth it after refinancing.

Thank you!

@Brandon Turner

@David Greene

When buying a property with the intent to BRRRR it out, do you ever buy with tenants in place if the deal is good? Do you wait until they move out to rehab?

Thanks!

Hi everyone,

Does anyone know of local banks / credit unions that give out HELOCs on rental properties (NOO)?

I have a cash property that I'd like to remodel and refinance once the tenant moves out (1 year left on lease) and it doesn't make sense for cash flow purposes to do a cash our refinance right now when I'd like to refinance after I remodel.

Any suggestions on lenders? I have called many large and small banks...

Thanks

Hi Dustin,

I am currently looking for JV opportunities to fix and flip out of state. I'm interested in getting in contact.

Thanks