Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Tristan White

Tristan White has started 2 posts and replied 10 times.

Post: Section 8 experiences

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1

https://youtu.be/XlvyswCJhP4?si=OGPUcavYynHw0vz4I too just started to look into section 8. From my research it looks like every city and state have differant ways of doing things just like every city has different amounts that they will pay. From my experience every tenent is 100% different. My first rental tentent (none section 8) from the start never paid their rent ontime...and after 4 months I ended up getting them evicted. Believe it or not they ended up paying the whole amount that they owed and I ended up letting them stay on a month to month lease for 4 more months after. Does that mean that I am going to have to do this with every renter? NOPE. So your gonna hear the good, the bad, and the ugly. 

Not every person on section 8 is a bad person. They may be a senior and cant afford to live without the help. Or they can be real POS's like this video shows... 

None the less be prepared for anything that can come your way. 

So to answer your question...your gonna hear more bad then good just like you hear more about horrible service in the food industry then good.

Post: Coffee and real estate

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1

See ya soon!!

Post: Bulk Mail options--stamps are gonna get expensive

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1
I appreciate it. Im trying to stay more personal then a post card. Just trying to figure out if there is a cheaper way for a standard letter.

Originally posted by @Eli Schwartz:

@Tristan White

Im not very good with direct mail, but if you send postcard which is only 35¢/card it'll  be 36% cheaper.

Im sure there are better solutions out there. 

Best of luck  

Post: Bulk Mail options--stamps are gonna get expensive

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1
Im trying to stay away from post cards. Trying to make it more personal as Im not looking to wholesale these properties. I appreciate the heads up though.

Originally posted by @Nick C.:

I hear post cards are cheaper than letters. I don't know if they're as effective though, and that's the important part. 

Post: BRRRR Financing Problems

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1
I have been told the same thing that Andrew has said. Also I was told that if you lets say have another business loan you the money for the rehab as a second then you could in fact refi all the "LOANS" out up to the required % of the ARV. So lets say you get a loan from business A for the purchase 100k...and a loan from business B for the rehab 25k...then the house appraises for $200k then you could refi out for the 125k...or business B that you own ups the loan amount to 50k...you then could refi 50k. I have yet to do this but Ive been told that it is possible. Im working on finding my first deal as we speak.

Originally posted by @Andrew Postell:

@Eric Martel the strategy to use your LLC to lend will allow a SIGNIFICANTLY better term for you to recoup your money. Let's assume that you borrow money from a hard money lender to buy a property and complete the rehab. Once the rehab is complete you then refinance into a traditional mortgage. With this we get to refinance immediately at 75% of the ARV on the property. Since you didn't buy with cash...there's no delayed financing rules. We are just refinancing. So what if we just replaced the Hard Money Lender with your LLC? So instead of buying with cash, your LLC puts a mortgage on the property for you and we then refinance you out of that mortgage. You can then get back 75% of the ARV and not have to be subject to the "Delayed Financing" rules. Does that make sense? I'm sure this spawned more questions. So please keep tagging me so I will get notified to keep answering. Thanks!

Post: Bulk Mail options--stamps are gonna get expensive

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1

HEY BP!! Been doing mainly flips in the past and need to start getting better deals and eliminate the middle man...AKA the wholesalers!! Something that I haven't heard on any podcast and can't seem to find in the forums already (maybe Im just not as good at searching...IDK) is the best way you are all sending out mail? 

If I go buy stamps at the post office for a normal letter 100 cost me $55.

Does anyone have any tips for getting this cost lower?

I send out 1000 letters that's $550. There has got to be a way to do it less expensive.

Ive looked at bulk mail however I don't want to send to the whole zip code but rather directly to the properties that I am interested in across the whole city rather then just one zip code.

Thanks for the help!!

Tristan

Mindy!! Thank you so much!! You rock!

Hey everyone. So I've listened to every podcast and can't seem to remember which one has the information that I need. Ive searched but nothing has come up and Ive gone back and listened and listened with no luck and figured Id ask for some help.

There was a episode where the guy was BRRRRRing houses with no cash. If I remember correctly he was using delayed financing but he was padding the sales price on the front end at closing with his renovations which allowed him to finance all of his cash back out even under the delayed financing rule.

This episode had the guys stocked that no one had ever mentioned doing it before.

If anyone remembers the episode that would be awesome. I wanna say its been within the last 60 or so. THX.
 

Post: ISO Arizona accountant

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1

Ryan, I use these guys. They are awesome and Ryan Stone is great with real estate professionals. He understands it all and is very reasonable on prices. http://www.chandleraccountant....

Post: Real Estate Connections and Coffee

Tristan WhitePosted
  • Queen Creek, AZ
  • Posts 10
  • Votes 1

Ryan is this at Panera bread? Cause suite 100 is subway.