All Forum Posts by: Andrew Rivera

Hey Don,  wow what a deal. I would love to know more about it!

Do you remember the terms of the financing?  Such as what were the rate and structure on the first position loan you provided as well as the second lien loan? 

Thanks for the in depth run down! I'll have to look into IDI, this is the first time iv'e heard of it.

Do / have you expirimented with meta ads targeting the lists from IDI?  I've been educating myself on meta ads recently regarding the use of lists as seed audiences since meta cross references them with existing accounts and targets them.

Also, do you have specific venders that you use for boots on the ground operation such as site visits / photagraphy?

Awesome model!  What type of lists do you text and where do you get them? 

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.

I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.

I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept). Am I better of just running my own rental comps instead of using the HUD User site? And if so, what are the benefits of section 8 if the only guarantee is the direct deposit and yearly inspection?

I'm looking to dive in and learn so I've been just trying to practice underwriting lots of deal as best as I can to calculate the cash on cash returns and DSCR ratios.

Thank you to all who answer!

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.

I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.

I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept). Am I better of just running my own rental comps instead of using the HUD User site? And if so, what are the benefits of section 8 if the only guarantee is the direct deposit and yearly inspection?

I'm looking to dive in and learn so I've been just trying to practice underwriting lots of deal as best as I can to calculate the cash on cash returns and DSCR ratios.

Thank you to all who answer!

Hey Guys, my name is Andrew. I’m a licensed real estate agent in North Carolina as well as a contractor here in the triangle. I’m looking to start out and connect with others that are in my market as well as the surrounding smaller cities such as Sanford and rocky mount.

I’m looking to finally get some doors of my own as well as maybe do a couple flips.

If you’d like to connect let me know!