All Forum Posts by: Tyler Winchell

Hey guys sorry to keep asking questions but what would be best way to finance your properties. For example I'm a veteran and wanna buy a duplex for 60k and would need 12k in Reno, now I have the 12k for reno but what's the absolute best strategy to get the 60k for the house and then within 3 months buy yet another duplex with either the 12k I put into the other home or get not only money for the house ima buy but also the reno cost. My goal is 3-4 duplexes within a year then buy apartment complex, thanks guys!

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Originally posted by @Isi Nau:

Hi @Tyler Winchell

There aren't any specific reports that I know of that forecast housing prices in Hawaii. The best sources are local economists and think tanks. They'll have projections for the economy overall as well as by sectors. The most recent reports are projecting 1-2% appreciation into 2021. for us and our clients, we're going into our investments with an assumption of 0% appreciation for the next few year.

Yes it is possible to make $50k on a flip in the next 12 months. There's a lot of variables in order to make it happen. Let me know if you're interested and we can discuss in more detail. Aloha!

Very intrested

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Currently stationed for army in oahu hawaii have a year left before I get out and want to invest in a house is it possible to make 50k in profit within next year when I sell? In trying to buy it and hope to make money on it so I cant invest in homes stateside, cost is around 350k-450k

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Originally posted by @David Nacco:

@Tyler Winchell Depending on what you intend to use the money for another option is a home equity line of credit on the property. You should look into both and see which would be better for your situation

Yeh so mainly so I can use that 50k or whatever it is and go buy another one for like 40k and do same thing

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So let's say you bought a duplex for 40k and put 10k into it and now worth 80k. Of your own money, what loans allow you to get that 50k back in cash and have a mortgage on it?

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Originally posted by @Claudio Valdivia:

@Tyler Winchell For a quick reference you can use rentometer.com. I would suggest developing a relationship with a local real estate agent or property manager as they can easily pull rent comps for you from the local MLS.

Gotcha I'm just researching first bc I'm stationed in hawaii and want to start when I get out but I dont wanna get real estate that only goimg to rent for 400 or 5 and only make like 150-200 a door.

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Originally posted by @Sean McDonnell:

Rent is dictated by your local market, not the value of the property. Rentometer.com is a good resource to get a general idea of what a property will rent for.

Gotcha, bc when I googled it said most landlords do 1% of the value

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If you buy a duplex for let's say 60k and after fix up it's worth 100k do you charge 1% of its value so 1k a month?

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So avg for it which is like 2 bed 1 bath, is like 400-500 a month, or if I buy a duplex for like 45k I've been seeing current rent they've done is like 350 a pop, if you fix it up and make it look alot better how much more can you charge? I want to get into this investing buisness but I feel like only making 200 per door is not realy worth it. I would like to get a duplex that could rent for 700 each is that possible if I update it nice? To charge a extra 400 bucks?

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All Forum Posts by: Tyler Winchell

Tyler Winchell has started 19 posts and replied 39 times.

Post: Financing for rentals question

Post: How to find home forecast 2020

Post: How to find home forecast 2020

Post: If you own a home can you refinance?

Post: If you own a home can you refinance?

Post: How to decide how much to charge in rent

Post: How to decide how much to charge in rent

Post: How to decide how much to charge in rent

Post: Should you invest in apartment complex?