All Forum Posts by: Andrew Garcia

Hi @Luke Devine, Aaron gave some great resources.

In addition, you can subscribe to some newsletters that are helpful.

I subscribe to a local newsletter that lets me know what is happening in my local market as well as a national market update with rates, housing news, and macroeconomic news.

Hope this helps! Let me know if I can be of any assistance.

Hi @John Christadore, congratulations on your family and for jumping back into real estate!

I am rooting for you!

Let me know if I can ever be of assistance. 

Hi @Mike Blanco, you can run the calculator as normal with no loan information. Then, once you are done with that, subtract the monthly mortgage expense.

If you need to learn how much equity you will pay down, you can input your loan information into an amortization calculator. If you pay additional principal every month, it is more nuanced.

Hope this helps! Please let me know if you have any questions.

Hi @Crystal Wilson, congratulations!

There are a lot of different options that you have.

You can do some fix and flips to build up capital in order to get into multifamily.

Depending on how much cash you have right now, you could jump into apartments now.

Denver is a higher-priced market so you might need to build up some capital first.

Hope this helps! Let me know if I can be of any assistance.

Hi @Asa Dewitz, it sounds like it could be a good deal.

Since it is a small town with limited comps, your numbers could be off. However, a good agent should be able to help you.

The only thing that I would be wary of is that in 5 years, rates could be higher than they are now. Rates are still historically low and inflation is at a 41-year high. This might be the lowest rate environment that we see this decade.

There also could be an occupancy issue since it is a small town. Check with your agent.

Hope this helps! Let me know if I can be of any assistance.

Hi @David B., it depends on the scenario for each.

An institutional investor that is buying A-class stabilized properties is going to get a lower rate in commercial than in single-family.

However, someone buying a C-class rehab project with no tenants will get a higher rate.

Obviously, these are extremes but hopefully, it illustrates the point.

1-4 unit residential lending is based on the borrower profile, whereas commercial is more based on the deal.

Hope this helps! Let me know if I can be of any assistance.

Hi @Brittany Trevino, what are your goals?

Are you looking for someone to fund the down payment or are you looking for someone that can finance 80-90% of the deal?

Answering these will allow myself and everyone else to answer your question better.

Hi @Mike Kundla, 

Any strategy can work if executed properly. 

BRRRRing is one of the more rewarding strategies but they are also higher risk and require more work. 

STR is also good but comes with more uncertainty. Both uncertainty in regulation and uncertainty in income.

Whatever you end up choosing, make sure that you have a great team behind you.

Hope this helps! Let me know if I can be of any assistance.

Hi @Zac Vaughan, I am sorry that you went through that.

This could have been avoided if you were working with a solid lender from the get-go.

If the property is still under contract, there might be a way to salvage the deal.

Again, I am sorry that you had to deal with that.

@Kayla Caruso,

Is there a reason that you would not be able to rent out a room?

Those comps are wildly different. I would ask your real estate agent to give you an estimated rent for the property.

Since the FSBO is asking higher than your purchase price, check with your lender to see if you would qualify for it.