All Forum Posts by: Timothy Hero

Partner with someone who also has $80k to invest. Go 50/50 on a $800k property.

Just now seeing this about me, lol. Yes, I'm legit. I've brokered $75 million in DSCR and over 315 transactions. I can show proof if needed, lol.

Go DSCR. Fewer lenders in that space will do 5+, but the ones that do only require it to cash flow a 1.2 DSCR, decent credit, and a healthy market.

I can only speak on what I've seen with my clients; possibly the management company. They are known to be not responsive. What if you think it's 3 inquiries, but you've had 20, and they just don't answer the phone or response to emails? It wouldn't be the first time.

 yeah

Being a mortgage broker, I'm sure my opinion may seem bias, but I suppose it depends on your goals. If you want to scale, you'll need to use leverage.

I've seen many investors brag about their cash deals by saying things like "I make more per month than those with loans." Yeah, on that property.

$1M in cash buys you $1M in property.

$1M in cash and financing with 20-25% down buys you $3.5 - $4M in property.

Who do you think will have a higher net worth in 5 years?

There's a reason why even the wealthiest people in the world still finance.

I have one. Typically 25% down, 30-year amortization, on a 10-year term.

Tougher market these days, but they're out there.

Those terms are horrible. I just quoted 6.5% with 1 pt lol.

I always use ZenBusiness. Few hundred bucks and they'll handle everything for you and you'll receive the entity docs in 5 days or so.

I think this is a marketing post, lol. Anyone who replies "yes", expect a private message lol.