All Forum Posts by: Amber Stevens

Does anyone just go through the MLS and make offers to sellers that are far below their asking as a strategy to get more properties? I'm seeing many investors in my area paying nearly retail for their deals...in fact, I just did a deal that was nearly retail, because I didn't have any other avenue at that moment. Just wondering how irritated people get with you if this is your strategy, and mainly, if it works!

I'm in!  I'm in Newman...Stanislaus County

I actually just talked to my portfolio lender this week.  I found that I would have to put 30% down instead of 20% that I was used to .  Is that typical for a portfolio lender ?

 Is the 10 property thing new?  My lender told me 4 was my max.  Thanks!

We have purchased in multiple states for a few reasons. One in GA is because it was our home for 7 years before we moved. Now that we are in CA, it is a rental. We also have a home in my husband's hometown in central IL. It is an older property w great cash flow and we have family and friends that help us manage it. And now we have one investment here in CA. 

Hello,

So far we have 4 sfr in 3 different states. I'm looking at an 8 unit apartment complex. Is it considered commercial financing?  And is that typically 30% down?  I already have 4 conventional loans, so I'm not even sure I could get financing?

Thanks!

There is a house on my block that has been vacant for about 2 years.  It was previously on the market and I thought it had sold but looked it up and it's still listed in Preforclosure.  I found the name and # of the owners.  How would I go about trying to purchase this house?  I don't want to wait until it goes to auction.  And here's the other twist...I already have a max of 4 conventional loans...how would I find private financing?

following this post eagerly!

I actually just spoke to my lender about this exact scenario today. She told me that since it was now investment property, I needed to have 25% equity. 

 I have been eyeing a few and need to do this.  Thanks for the reminder.