All Forum Posts by: Zach Riggs

@Nigel Guisinger I’m also an investor in Spfld. I use legacy bank and trust for my investment properties. Brett Magers is my contact there. They’re very investor friendly. I’ve got about 90% of my portfolio with them. Also use OakStar Bank Charles Hatchel.

@David Pere I use Brett Magers at Legacy Bank. I have 90% of my portfolio with them. I can introduce you to him.

@Paul Oscar personally I would do a cash out refi instead of HELOC. Longer fixed rate versus floating rate.

@Daman Gandhi

I’m in Missouri with 75 doors and received 100%.

Been thinking about selling off 60% of my portfolio and paying off the other 40% then starting over. My reasoning is exposure. I know there are tax consequences to selling off the portfolio but the market being as hot as it is I think in the end I’ll still come out ahead. I have a home buying business and have 40-70 opportunities per year to buy and hold so building it back up will be relatively easy then repeat selling and paying off. I’m looking for feedback pros and cons to make sure I’m not missing information that can help with deciding. Thanks!

@Kerry Baird great feedback Kerry! Where and what are you investing in now?

To prepare for a softening in market I've been flipping and wholesaling more of the properties I would generally hold to save cash and raise reserves. I've also been saving the rental cash flow since day 1 for reserves and living off my real estate sales business income. I've been BRRRR since 2012 and have always refinanced out only what I have in thinking that the extra cushion will help when banks tighten during downturn and prices drop. I've also, been getting the portfolio lenders to lower my rates on anything over 5% since rates have dropped which will raise cash flow that I'm also saving. Wife those of you that invested through the recession what else should I be thinking about?

@Jay Hinrichs just seeing this Jay! This particular bank is my 1st pic when I’m needing financing options. Smaller, local and all about relationships and common since qualifications.

@Vinny Incognoli You can easily title it in your llc but not sure on the actual note. That would probably be a question for your mortgage company.

I'm currently in the process of acquiring 5 properties to flip and or wholesale, 4 plex, finishing up a 12 BRRR, selling 2 I just finished and possibility 1031 into a 116 unit. That said, how do you guys stay organized day to day with projects, numbers, follow up, lender relations etc?? What are your top 3 ways of staying organized and efficient?