Shane Montgomery
[Calc Review] Help me analyze this deal
11 July 2018 | 3 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.
Andy Cav
On the road to success 👍
15 July 2018 | 1 reply
I do appreciate sound and sage advice, and hope to learn from the great people on this platform.If you would like to reach out, please feel free to reach out directly.
Robert Siverd
Refinancing two properties to get another one-bad idea?
11 July 2018 | 7 replies
Principal balance at the end of year 5 would be $189,258 which you would then have to refi, keep in mind you'll incur closing costs again at that time and rates will likely be higher than they are now.I just did a cash out refi on one of my buildings and am doing a bunch of direct mail to find another one.
Cory Ballantyne
Advice for a Newbie with only $5,000
13 September 2018 | 21 replies
(I should note that I live in Japan so buying a house and living in it is not an option for me.)Sincerely,Cory Ballantyne you're gunna hate me for this, but I wouldn't consider buying in America, from japan, for your first deal, unless you had in the range of $75-$100k. when you invest locally, you can get low down payments and house hack, you can drive to see properties, you can go to investor meetups and pick peoples brains, and you have the luxury, if something goes wrong, of seeing what went wrong and even going in and picking up tools yourself to save on labor if absolutely necessary. from japan, you will need to fly to see any property you hope to buy, probably have trouble meeting up and networking, and everything will have to happen with boots on the ground financed out of your pocket.
Christy Wright
Longer Term Commercial Loans
30 July 2018 | 14 replies
I have a great relationship with a direct freddie/fannie lender, I would be happy to put you i touch with (PM me).
Mike Williams
[Calc Review] Help me analyze this BRRRR deal
18 July 2018 | 7 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.This is my 1st BRRRR deal, and I'm trying to figure out if I'm analyzing this correctly.
Steve Dunford
What to do when sellers respond back to direct mailer
14 October 2018 | 21 replies
Hello everyone,I recently sent out a few direct mail letters to a specific neighborhood I would like to invest in.
Solomon Oh
Notice of Sale (Auction) vs Notice of Sale (Lis Pendens)
16 July 2018 | 11 replies
Otherwise, if you're marketing directly to a homeowner, just be really careful.
Julian Hicks
Is a MLO on an out of state property a bad idea?
12 July 2018 | 4 replies
So do your due diligence and make sure that the strategy you know works in California will work in other states as well.If you don't know the area, here's what you'll need:A local real estate agentA loan officer licensed to originate loans in that stateA local property manager (they should have repairmen, contractors, etc. contacts for you)It works best when you have local "boots on the ground" so to speak, meaning friends or family members who can keep an eye on the property for you... which your property manager can do for you, but for a fee.I would recommend reading BiggerPocket's book on long distance real estate investing for a ton of other tips as well: https://www.biggerpockets.com/store/long-distance-real-estate-investing-ultimateIf you have any questions about the Phoenix Metro Area market when you're considering which area to invest in, feel free to reach out and I'll try to get your questions answered or point you in the right direction!
Joanne Tsai
What do I do with this tenant in Oakland CA ? Lawsuit alert!
19 July 2018 | 17 replies
If she decides against moving in then she is breaking the lease and not entitled to any refunds (confirm with your local laws)You can get a quote for the blinds plus labor and have her pay for that up front before doing any of this.