All Forum Posts by: Alex Gunnerson

Classic house hack on the small multi-family, the best way to get started IMO! Cheers to you and your first deal. Crush it in 2023.

@Maria Cox thats a solid spread, good work!

@Samantha Cruz welcome! You are in the right spot to learn and build relationships. I am constantly looking to scratch my itch of talking real estate with people. If you ever want to chat, or have any questions feel free to reach out!

$650/month cashflow on a SFH? Killin it @Joseph Crunkilton

The place really looks nice and it looks like the profit wasn’t bad either. Great work!

 Hi @Evan Alexakos,

Now would be a great time to learn everything you can about creative financing. This video is a great place to start. SubTo / Seller Financing will get you past the roadblock of having to qualify with a lender, and can also lead to a lower interest rate.

You’re welcome! That’s going to depend on you and your goals. Personally, I’m in cashflow accrual mode. I want everything I buy the cashflow on day one if possible. Eventually that may change, but the extra cash flow now would give me freedom to invest with different strategies down the road. 

Whatever you decide, good luck! Feel free to message me if you have any questions.

Hi @Genevieve Vienneau,

Whether or not you should use vendor financing is going to determine on the terms you land on. The interest rate is one of those terms and is negotiable. I don't believe a standard interest rate exists in this scenario, but I wouldn't be too concerned with that. If I was in this scenario I would be looking at:

1. Purchase Price

2. Down Payment

3. Interest

Find out what is most important for the seller. Do they want a high purchase price? If so, you might be able to come to that IF the down payment is lower and/or the interest rate works for you. Are they wanting a higher interest rate? Great, let's see if we can make this deal work by coming down on purchase price / down payment.

I right there with you. I’ve used chatgpt for various things like this already. I typically find that the initial response from the bot is a little lengthy and too formal. I tell it to try again, but make it less formal, more concise and just like that is almost perfect.

Pretty awesome technology. Wishing I had these bots around when I was in school to write my essays for me.

Zillow is great, and for your market, listing on Zillow might make sense. With that being said, people treat zestimates like they are Gospel. If the rent zestimate in your area is lower than what you could actually get, I would try something else.

Really cool that you are listing your first property. It’s a really great feeling when that cashflow starts coming in.