McElhannon: I'm curious on peoples go to approach to secure financing for an investment property - use a broker? 

As you know, this part of CA is nothing like what most people associate CA with.

Copenhagen is too expensive.I'm trying to assemble a team of the following:- Carpenter- Someone who knows the legal side and. is handy with tools + can talk to people. - Me, I know the financials.

🇺🇸Looking forward to connecting with like-minded people—feel free to say hi!

Although I know most sec 8 landlords use it because of the perception of guaranteed rents.As a small home builder I really dont know how they are going to lower the cost of new construction housing unless the govmit subsidizes it somehow.. basically the price of home components are very sticky they only go up. with the xception of lumber that will go  up and down through out the year..

This is a great place to learn and to connect with people so take advantage of all the great resources.

We lend up to 75% of the ARV but most people are buying and rehabbing well below that from the investors I have been working with.

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

That cycle of sourcing, assigning, and reinvesting has been a game changer for me too, and I completely agree—it’s the real estate cheat code most people overlook.Being able to create revenue while also creating opportunities for long-term wealth is the best part of this business, and it’s exactly how I plan to keep growing my portfolio.

What do people think about hot tubs in your STR ?