
10 October 2024 | 13 replies
As of now, my general plan is to find a local realtor online who is experienced with real estate investing (and has investment properties of their own) to help me find a good local deal (goal is 20-25% return on ARV), get a hard money loan, aiming to rehab/repair/extend the property with my father (both have construction experience) within 4-5 months, and as for the loan exit strategy either sell or rent (depending on the deal).

13 October 2024 | 11 replies
I can't seem to find them online.
11 October 2024 | 2 replies
You wont find anything online about us (yet!)

15 October 2024 | 14 replies
While DSCR loans focus more on the property's cash flow than your personal income, most lenders will still require a personal guarantor to reduce their risk.Keep in mind that DSCR loans typically come with higher interest rates than conventional loans, which is the trade-off for the easier qualification process.

16 October 2024 | 10 replies
However, I’m still mindful that this is our first deal, and I want to be prepared for potential surprises.Here’s what we plan to check during the walk-through:- Overall condition of the HVAC system (I’ll test it myself with HVAC multimeter)- Electrical issues (I'll assess as well)- Plumbing, which my brother, a journeyman plumber, can help with if needed- Any significant structural concerns, mold, foundation issues, etc.

13 October 2024 | 12 replies
Bear in mind that Tankless units must be drained and de-scaled each year (by a licensed Plumber), or you will void the warranty.When I was building a lot, most people in the SD beach area wanted the tankless (generally only because they were cool and groovy).

13 October 2024 | 7 replies
@Misti DelMar keep in mind that you are doing an FHA and you have to move to the house and live there for some time before being able to refinance.

12 October 2024 | 8 replies
I also run a local meetup that I recommend you attend to meet like-minded people:Good luck and welcome to the community.

14 October 2024 | 15 replies
They're in a Cclass neighborhood, and with my personal experience, I'm seeing cash flow between 8-12%, with strong growth potentialDo you mind sharing which area ?

17 October 2024 | 23 replies
I did go online and read about DSCR ground up loans, so I know they are out there.