All Forum Posts by: Yanina Panfilenka

I use Pellego (https://www.pellego.com/how/analyze) for rehabs and REI-lense (https://rei-lense.com/) for long-term and short-term rental analysis. No calculators, no spreadsheets, just a good tech with minimum work for you. 
Estimating rehab costs - is a must read.
Check Niko Lausiva from Take Two Construction. He's actively working with Seattle area investors.
If you need help finding a processing a deal - can help you as an agent and Co-Host - let me know.

Hi Marlon,

It's pretty typical situation. I also see short sales and the properties on the auctions bought overpriced 2 year ago and now below the water. Not dramatically but still.

It's hard to tell anything without knowing what do you have there. Usually, holding for the house for 5 years covers the market fluctuations. 
I'm a real estate agent and can check what options you have. Just send me a message with the address.

Hi Brandt! 
Your income from the long-term properties is considered as your personal income so it shouldn't be so impactful. Also, if you rent short-term, your income after the first year will be counted in. 
If you shield your properties into LLC your personal Dept to income ratio will improve but the lender can still ask for PNL of the LLC or declaration to check if it cashflow positive.

I would find a lender who is working with investors and would count all your streams of the income. 

Check what Keane would say. He's making several loan products on the project so it's cost effective and specializes in DADUs
https://crosscountrymortgage.com/The-Keane-Ng-Team/

Max, welcome!
Podcasts are great but some books will help to get clear view on what you'd like to do. Like Start with Strategy by Dave Meyer. Likely, the entrance barrier is not that high but the leaning curve is pretty steep. 
Real estate agent and property manager based of Seattle myself. Will be happy to connect:)

 Thank you, Simmy.
The point to take a DSCR is because of high DTI. Nobody told that they are checking the DTI at all or the fact that they will close only in an LLC. Is it a rule for every lender?

 It's a European company coming to the US market. They already partnership with Zillow so if you upload photos and tours using Giraffe360, your property will be ranking higher.
Anyways, they send the camera with a year contract for a specific amount of properties you want to take pictures and tours of. It much faster comparing to MAtterport, needs less positions to make a tour, and creates publishing worthy pictures automatically. Also, you still can improve how they look, blur anything on them, etc. I talked to rep, then searched a lot online curious on how it will work in very average not newly rehabbed places and saw a PM in mid-west posting the results. They were great. A bet those properties got rented right away! 
If I had a pipeline of properties, I would totally got it.
https://www.giraffe360.com/

Oh, by the way, if you have a steady amount of properties to take photos and tours you might benefit from having Giraffe360 camera and take pictures yourself. It does amazing job, it's a matter of turning all lights and placing the camera in different places around the room. Takes and auto-adjust the pictures.

 Yes, it's a matter of the services you're looking for. Should have local real estate photographers too.

 I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.
pros: 
no commissions in your transactions
easier qualification as real estate professional to offset high W2 of spouse
can get access to any house/ easy logistics
more control in the transaction
MLS access with all the information on tip of your fingers, you can move fast with the deal
license knowledge helps to make better decisions and gives broader understanding of the industry
can legally do property management for others, wholesale (many states now making outlaw to do it without license)

cons:
need to take an exam (it needs preparation and to be good not just barely pass you need to study)
fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))
self-management including taxes and fees
need to relicense + paid education