Farooq K.
Triplex as STR?
15 April 2024 | 5 replies
You would need to consult with a (local) lender to see what is available to you for that property, but I am assuming 20-30%.You would likely have 2 options with that property - 3 2 bedroom unit listings, or 1 6 bedroom listing.
Scott Melde
Rural, manufactured, rental loan
15 April 2024 | 4 replies
@Scott Melde You may want to check with local mobile home dealerships and real estate agents who specialize in this niche.
Rich Smallie
Accidental real estate investor
16 April 2024 | 3 replies
Do you invest locally in Missouri?
Darrell Overly
New Member Just Starting Out
16 April 2024 | 9 replies
Joining local meetups, online forums, and social media groups can offer valuable insights and opportunities.
Bonnie Low
Background checks for foreign students
15 April 2024 | 7 replies
@Bonnie Low if you have an international student they will have an SSN if they will be paid by the university or sometimes get an ITIN to open a bank account. locally you may be able to search by name in local databases but it isn't usually helpful.
Jesse Jones
What would you do?
16 April 2024 | 7 replies
Meet some others locally and see what they are doing.
Rick Via
Phil Grove Real Estate Guru
17 April 2024 | 34 replies
You will even get it in writing (he does all his training orally using slides and at least we didn't get a copy of any material, so you have to take notes and pictures to keep up).Invest those 20k, 30k or 50k into a property, whether it is rehabbing and fliping, BRRRR-ing, or hacking, and network with local (from Dallas, not Austin) REI, realtors, loaners, etc. which you can find here and in the REI meetups.
Jordan Blanton
Valuing Equity over Cash Flow
17 April 2024 | 21 replies
Plus, we use local banks so to get access to the equity is not hard if we need it.
Evan Smith
Seeking an uncommon debt structure: Commercial collateralized vs Residential on SFR
15 April 2024 | 0 replies
(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000 vs NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?
Ashton Coe
Just getting Started
16 April 2024 | 7 replies
Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.