All Forum Posts by: Alon A.

Hi guys

I see a lot of videos of people doing mid term, but i have hard time to understand something . they said the x4 their monthly rent.

When Im looking on furnish finder , i see the rents jumping by $500 not more.

example: From $2000 to $2500-2600.

So how it make sense to doing x3 and x4. because then it will be $6000-8000 per month... can you elaborate and explain me ?

Hey guys 

I want to build my portfolio , get as much property possible that I’ll sell them in 7-10 years or keep them, depends on the future & the equity.

I don’t want only equity, I want to build a really big rental empire with high cash flow, since I really like to do it.

I have 2 single in DFW and 1 single in Tampa Florida
each of them cash flow between 300-500 per month .

I have teams of contractors, lawyers, realtors, handyman, agents.... in both of this markets , my price point is between 200-350K purchase price for homes with 3bed /2bath and around 1500-3000sqft.

Question 1:
you think this both areas are good for mid term travel nurses, insurance.... ?  How many miles away from hospitals are you looking for ?
i didn’t do mid term rentals ever but I want to increase my cash flow . so I will appreciate any tips 

what I usually do is: I buy houses with Hard money loan and renovate it then I rent it
in this case I’ll need to furnish it as well and then start with mid term

I found out that I can do Subject to and seller finance and get already a remodeled property with 10% down payment , in that case I save the remodel work , but I’ll not have alot of equity and monthly expanses for rent will be super high

Question 2:
Regarding to purchase method, what you will recommended ? you buy already remodeled property ? or you buy distress , renovate them and get also equity along the way

hey guys

Im interested to do subject to in some deals for houses sitting long time in market, should i contact agent or seller directly in those deals? in all videos in youtube its talking on contacting seller directly, but if house listen on MLS they have contract with seller no ?

im using propstream to see details of seller and deal that listed in MLS.

 What if I do hard money loan on house and then I decide that I want to keep it instead of rent it or selling it ,  so I will re finance for 30 years and then I can keep it .. 

 I’m a remodeler in my profession. 
I want to build there a house for my use. 

I know already type of finishes , I know the what I want 

Maybe I’ll build even a pool , back yard project , siding projects , I want to take house and make it super modern and enjoy from it 

What is FHA 203K ?
How it’s different , and how the remodeling and loan cost work 

let’s say house is 500K 

Remodel 120K

How much down payment I put and how the draw of remodel works , I never used this loan but it’s sounds great 

Hey guys, i would like to buy a house in Austin, I want to buy house that need a full remodeling and invest at least 100-120K on remodeling the house.

I can get Hard money loan & then get FHA when i re finance , what you would do in my position ?

I mean i prefer not to go hard money loan , but they will cover me 75% from ARV on rental . and i can take part of money to use it for the remodel.

I prefer to go with FHA from the beginning but i cant take advance on equity like i do with HML.

Hey guys

I wanted to check out with you if you had any luck to Re fi cash out in the last year ?

They giving me 75% in DFW area , so instead im doing a regular 30 years re finance (no cashout) with 75% and thats how im not putting any cash at close.

It is very hard for me to do cash out, every time i want to do , rates are high and i dont have enough to cover it...

-for example

-property purchase price 270K with 71K expanses 

ARV before remodel 426K, ARV after remodel 460K.

PAY off hard money lender is 328K

I dont have enough for cash out ?

 So just to make sure , you will leave the money in the walls ? You not going to take the 30K out of the property ? 

 On the other hand i can take 30-35K and make more deals. so im confused what i should do.

And i need money also