All Forum Posts by: Trey Crusey

yea, definitely don't wait. once it goes to auction it's anyones guess what will happen at that point. she needs to get in front of it. 

Pooler and RH are very nice areas. I used to live in pooler for a bit and they saw a lot of growth with many different shopping centers opening up as well as a tanger outlet mall and the pooler parkway which connects the two major interstates running north/south and east/west through pooler. Gulfstream has a facility there at the savannah airport as well which is one of their major employers. i wasn't investing when i lived there so do your own due diligence but definitely an area i'd research more and look into. it was undergoing lots of changes for the better when i was there

LP and IC are very similar and direct competitors with each other. both focus only on real estate investors as far as i know. i'd research them both and compare what you get for the money you're spending before you make a decision. there are plenty of threads comparing the two here on BP.  of the top 5 organic search results (meaning not google ads) that are on page 1 in my market, 3 of those 5 are carrot sites if that tells you anything

@James Canoy there is so much more to it than just setting up a page and thinking google will crawl your site and you’ll be on page one. They look at all kinds of things like original content, backlinks, meta tags etc etc. take a look at oncarrot if you want it done right

@Megan Elise McIlvaine I think the term you’re looking for is double close. Many people do 10k and up it’s really just up to you. Instead of assigning the contract you’d close twice, one from the seller to you and then from you to your buyer. This also comes wtb two sets of closing costs. Typically you’d do this in higher margin deals when you don’t want anyone knowing how much youre making. Youd also need enough cash In the bank to actually purchase the house or you’d need to get transactional funding for a fee

Are you considering a duplex? 4 plex? I’d look for quads. More doors. More cash flow. Still considered residential by lending standards to use the VA loan. Live in it the year the government requires move out and then you’ll have even more money coming in.

for all of you seasoned investors, what if any impact would this have on the overall rental market? 

@Zac Burk,

As a new licensee myself it's going to cost much more than $425. $425 is just for pre-liminary classes. I don't think my costs are nearly as much as Russell said but if i had to guess it's still easily over a grand for me when you add in the NAR dues, mls fees, continuing education and every little thing they nickle and dime out of you like lockboxes, lockbox set up fees not to mention monthly servicing fees just for the stupid box. It all adds up and pretty quickly might i add.

Not to discourage you but it's something I just went through at the beginning of this year and was pretty shocked with it all. It will definitely be worth it depending on how much you plan on using it though. In my area, if i just did one deal a year i will recoup my expenses so i went ahead and did it.

I'm considering using my VA loan to house hack a 4 plex and was wondering what else i should be looking at besides cash on cash to help evaluate any potential deals? Since I'm probably going to be using 100% financing it seems like cash on cash would be a bit inflated and not the best thing to look at. Thoughts?

i think the fha 203k loan will let you 100% finance the house and rehab but i could be wrong on that. never actually used it