All Forum Posts by: Tyler D.

Mainly I'm looking for something in already good condition, that I can buy 0% down with a VA loan. If I can move out after a year with positive cashflow of at least $500, I consider that a great success.

Thanks Adam. For calculating your 10% cash on cash, what estimates do you use?

Of course taxes, insurance, mortgage will be actual numbers. But for estimated maint, capex, vacancy, etc, what do you use?

I am looking to buy a fourplex in the $200-400k range. I am open to all cities and states, so long as there is low crime, good tenants and solid cashflow.

I have been trolling loopnet for the past few days, and it seems that the vast majority of properties either don't break 1%, or just barely break it. The very few that do break it seem to be in questionable areas, and in fact the very best I found had rents at 1.4% purchase price. I found one in particular that doesn't quite break 1%, but has 4 - 3 Bedroom units, all with separate garages, in a good part of town. It seems like a very stable deal, if the cashflow numbers work.

This doesn't sound too great, and as a SFH investor 1.5% is usually my bare minimum. Of course, with a fourplex we have better economies of scale, but also (I believe) a higher chance for vacancies.

I have heard that investors have done well with 1% rule multifamilies, so I would like to know if I am being too picky. On the other hand, I have heard that loopnet is often not the best deals. What are your thoughts?

True, this makes sense.

Do you know where I can find a lender that uses non-taxable income? If possible I'd have no issues.

Sure, and I have. 

However, lenders are lenders, not real estate investors. What I am asking for specifically is the right strategy to get the loans based on my numbers.

For example, a lender can say this is our interest rate, etc. But a real estate investor like yourself can explain the strategy, like which type of loans to go for, mortgage vs refi, etc. I'm looking for information from experienced investors, not interest rate quotes.

Interesting. How do you become accredited/ gain access to these deals?

That makes 0 sense. It's called planning ahead.

The general doesn't send troops into battle by telling the lieutenants "Just take the 1st bunker, and we'll figure it out as we go." No, he has a plan.

I'm looking for actual numbers on how this works, not platitudes on taking action.

Well yeah, obviously.

I'm asking about how to make the numbers work to qualify for the mortgages, based on my low income.

I currently have $150k and am looking to pick up $500k in homes over the next year. In particular I want to get 10 x $50k homes.

My taxable salary is low at $36k per year, but I have a large amount of tax-free income (I work for the government).

My issue is that I don't think they will loan to me after a certain point with such a low taxable salary. I want to stay away from super-high interest rates as much as possible. How can I make this work?

...What?