All Forum Posts by: Zach Lemaster

@David Sandvig

Very good explanation.  Thanks for sharing.

Do you mind expanding on how a flip would be the lowest barrier to entry financially? We flip professionally across the country and often find that fix and flips that are distressed need to be purchased with all cash upfront, or using hard money which is extremely expensive & still requires money down. A LTR or even STR could be purchased with 20% down using a conventional loan requiring very little out of pocket. A STR that is also used as a 2nd home could be purchased with as little at 10% down via conventional loan. I just want to get more insight in your thought process here.

happy to help, reach out any time!

@Lindsey Johnson

N Michigan is a great area for cash flow. I'm sure you could be successful with a STR in the right spot, but that is more of a unique niche. I think a LTR that has potential for STR use is a really well versed investment. Maybe start looking in the area you know right around the college? Fix & Flip is a full time job, with high risk. Not to discourage you from that, but I would say get an easy win in with a rental to become comfortable with the area, and then maybe take that leap when you are ready. This would be my advice.

happy to help!

I know a couple developers I can reach out to for you to see if they have any interest.  If they do, I will make the intro to you.

@Lindsey Johnson

Which markets are you considering? I think that will determine the strategy that is right in each market. Generally LTR is the path of least resistance in many markets, then STR, lastly would be F/F.

@Greg Larson It all depends how the note is set up along with the will.  You may or may not be required to.  Highly recommend speaking with an attorney.

@Cameron G.

Can't you finish law school and invest at the same time?  I know this sounds like a big decision.  I spent 8 years of college to be an Optometrist, and then ended up becoming a full time investor later in life leaving healthcare.  I'm glad I finished my degree though, especially to give me perspective.

@Brett Vanorsdel

Welcome!  Are you looking to connect with someone about developing the land?

@Cassie D Wright

Have you been in touch with Aloha to explore their loan options?  I highly recommend them as they are an outstanding lending team we have used on many similar projects.  @Kevin Hill