All Forum Posts by: Lane Kawaoka

That's a guru workshop or an MLM. Learn what you can but don't believe the hype. Anything can be learned on the Internet or via networking. Stay thirsty my friend.

I'm a newbie to MFH:

I see financing terms at 25 Amortization, 3/5/7 ARMs or resets, 30% down

For the engineers and statisticians out there, that graph of what I discribed would look like a "U".

U-quadratic distribution

I think the definition of a sellers market is when Days on market (DOM) is less than 60-90 days.

In Seattle I think you have a little skewed data where 80% of listings that are priced right go in a matter of a week or two and there is 20% of listings that are listed at sucker prices and the unmotivated sellers just camp out these listings (like that dude who cherry picks on offense at the local basketball game).

I really like this. I call this the PITA factor. Pain in the you know what.

@Charles Moore

IMHO, majority of BP user will flame me but I have a full time job and not looking for another one to look for needles in the haystack.

@Richard Warner @Taylor Horowitz

To me the real risk is not that a PM company is going to screw you (there are steps you can do to mitigate this) but the real risk is you lack of buffer in your Cashflow to weather a soft renal market or unlucky string of repairs or cap ex..

I spent about a year trying to pick apart this out of state thing and have pretty much figured it out after making a bunch of mistakes that I didn't realize till later.. The main thing is building the relationships and know who has he integrity out there and like anything you have to buy a few and go through process of buying selling and holding a while to learn the even flow of it.. But tactically it's no different than what I have learned in corporate America by setting expectations and keeping people accountable via email remotely.. Trust but verify to be corny.

Charles Bright Come on Bro, just do it!

Alex Chin Charles Moore In 2012-2013 I wasted a lot of time looking for rentals in King, Snohomish, and Pierce county and nothing cash flowed. If you want I can send you the spreadsheets where exported all the MFH (yes I went to multis because I was that desperate for cash flow) to excel and underwrote the expected cash flow. Back then I wasted a lot of time finding a cool exponential equation with rents and acquisitions for those counties but anyways now prices are even worse. Also during that time I hit up the auctions briefing meeting that a lot of brokers host and I was in a room with 30-40 with inexperienced Microsoft/tech who did not know what they were buying and would out bud each other. It was crazy. Today Silly money for Asian playboys are coming over buying anything. Not saying it's a bad deal for them or that the represent the majority but it's a sign that Seattle and California is a bit over heated. If your going to do a deal I NEEDS to be off market.

I personally have done this to purchase properties. You basically arbitraging the money. 3.25% on 80ltv is a typical Heloc on your primary residence. This beats 5% Fannie Mae loans, no lending fees, and no DNA samples needed for the loan. This works great for short term loans to yourself in lieu of hard money to make cash offers etc. just don't buy a boat with the money buy cash flowing rentals.