All Forum Posts by: Aaron Zimmerman

I'd go to meetups and network with investors. You're doing the right thing by getting the properties. The investors should be the relatively easier part. Most investors are looking for good deals.

Depending on how much you need for a down payment plus reserves, this could definitely be enough to get started. I'd recommend connecting with local agents and lenders. See how much you can get preapproved for and proceed from there. 

Like others have said, focus on the operations of your first property, build reserves, and save for your next one. It's crucial not to over leverage yourself early and get yourself into a hole. Once you have your first property stabilized, start looking for the next one and focus on what you can still get using va entitlement 

Totally agree with#5. A lot of people think about just this years tax but it's important to think about lifetime tax. 

I would try to get more funds to have more reserves. You're basically trying to leverage yourself more which can be helpful but if it goes The wrong way, you could put yourself in a hole you don't need to put yourself in

Brandon - welcome and thank you for sharing your story. There's huge demand for this space as more people age and need these types of living environments. Is the strategy technically called residential assisted living? 

It is absolutely possible. You do need to increase the value of the property though to be able to refinance. Perhaps start with the owners unit and then move to the other units as they are renovated. 

As a fellow real estate cpa, I couldn't agree more! 

For $150 per month, I'm locking in that rate for 30 years. Getting fixed rate debt for 30 years is a huge plus and you don't need to refinance unless you want to. Whereas the arm, you may need to refinance. Better to have the choice than be forced.