All Forum Posts by: Samuel Albert

@Matthew Rinaldo My company requires 500k in liability and a landlord policy. A million dollars seems a little excessive. But if you are in need of a new policy, I have a rock star insurance guy that can hook you up. He saved me about 1400 this year across my properties and car insurance. Dm me if you want his contact info or if you have any other questions.  Good luck with your investments!

@Robert Phillips Thanks! I'll reach out to them!

Hey everyone! I am looking for a couple options for house cleaning services for my properties in the Burlington and Mebane areas. My current crews are based out of Greensboro and that's a little far for them to travel. 

Hey @Casey Felts! Congrats on starting your RE journey. It can be a little overwhelming at first, but I like a "trial by fire" approach. There are a few strategies that you can look into. You could try wholesaling, which doesnt require much if any capital to start out with. Just find a house that looks vacant, distressed, etc.. take down the address, look on the GIS for that county and you can find out who owns it and their address and start sending out offers to purchase in the mail. You can use the assignment fee from that sale to get a little capital that you can put into your next deal. 

Other than wholesaling you can find a partner, house hack, short term rental arbitrage, hard money, or if you have a 401k with some money you might be able to take money from that to buy a property (ask a financial advisor, I'm not an expert). Theres private money if you have relatives/friends with large savings that you can show them will get a better return than sitting in the bank. 

Don't get stuck because you dont have capital to start. Think of it like a giant boulder at the top of a hill. It takes a huge effort to get it moving, but once it starts rolling, it will pick up speed fast!

Hope I helped in some way. Good luck!

Hey Raj! I'm with Acorn + Oak Triad. Glad to see that our company has a stellar reputation! I would be happy to answer any questions you have and see what we can do to help your business!

Also thanks for the shoutout @Jayme Currie and @Matt K.!

Hey Jamal! Those are two really good markets to start looking in. The triad st ill has a lot of opportunities where you can find good cash flow. @Danielle Jacksonis absolutely right. The reia's will be a great resource for starting out and networking. If you need a good realtor for the area, I would be happy to put you in touch with a friend of mine that services the area. Also, reach out to me if you need help with comps, or if you have questions about property management or contractors. I'm happy to help in any way I can!

Burlington is a great market to look at. With it's location being right between the triangle and triad, it's a convenient place to live if you work in either of those locations. It's also still a growing market so the housing costs haven't gotten pretty crazy like some of the other markets.

@Steven Barr I can't remember the actual name of the loan, but I think it's an fha with a 203-k. It's an fha loan that allows you to also finance the rehab. That being said, I guess you wouldn't be able to make a profit off of the refi. If that was your original intent.

Good luck!

If you rent a unit with 2 or more bedrooms and you only use one, you might see if your landlord would let you arbitrage the other room as an airbnb. If you present it to him as a positive he might take you up on it. Tell him that he will still be getting his monthly rent, and his property will be well maintained so it will be an attractive listing on Airbnb. This way you might be able to do a kind of house hack that doesnt require you to own the property. Later when you get the funds you can look to purchase a unit for yourself and house hack that, or just put a tenant in there. Just thinking outside the box because you said you wanted to continue renting. 

Good luck!

Hey Vikas! I can put you in touch with a couple of builders I know. Shoot me a pm and I'll get you their contact info as soon as i can. Unfortunately I dont have their business card on me so i'll get it to you when I get home this afternoon.