Thanks. because existing is super messy and lower returns for general contractors and HIC, I'd recommend looking at new construction too. start to finish 120 days right now on 1-3 family is what our market is going for high volume spec homes that have been built before. 

It sounds like you’ve already made great strides with your four long-term rentals and that you’re committed to learning and expanding your portfolio, even from afar.

If the existing mortgages were at current interest rates, the P&I would be about 30% higher and the pro forma cash flow would no be much more than break-even.

In my experience like other things you get what you pay for. if you go with the companies that are charging super cheap rates - 5%, $100/month or something like that they don't have enough income to sustain a supportive team to actually help you manage your home. 10% is the going rate it seems in the city and that is where the better companies tend to exist. 

I've committed myself to being a full-time real estate investor, private money broker and real estate consultant!

Be prepared to explain why the extension is necessary and demonstrate your commitment to closing the deal.

Or maybe once you know what's allowed reach out to existing businesses to see if they want to expand. 

Thanks for sharing Collin, I especially appreciate the honesty and transparency on the time commitment and that it is 'not' a passive income play considering the amount of effort you put into this portfolio. 

I think it’s disingenuous for a guru to claim they created a new method that is “revolutionizing” real estate lending, when it’s actually just rebranding something that exists and charging more for it.

Chasing keys is a pain and we're trying to find an all in one solution-if it exists.