All Forum Posts by: Anthony Michael

 For me I'm wondering just how high home prices can climb before affordability is gone. Are we looking at testing max home prices that can be attained and then staying at that level till inventory catches up ?

We've all seen the fear mongering that's being pushed by a lot of media outlets and influences. My question is are their thoughts justified in the current housing market. Due to Bigger Pockets being very diverse one would assume that someone's market is having a downturn of home sales right ? I'm in Fort Lauderdale and stuff is still flying off the shelve. Even where my fix and flip company is in Clearwater, it's the same story there. Is Florida the outlier where a housing market correction can't happen? How's your market doing where you operate ? This is purely speculative post no suggestion anything is or will happen in the market just looking for opinions and to see what others have to share! 

That's a lot of people applying! Good for you for holding your ground and pre-qualifying your tenants before they destroy your house again. 

Some lenders don't have a seasoning period required for a cash out refi. The only consideration refinancing so early is the LTV % hit you will take and the fact that you bought it cash!

I like using my Spark business card for funding my rehabs because it gives me 2% cashback on every purchase and then I wipe it out every month with rehab draws. FREE MONEY HACK!!!

I've funded a lot of clients deals in Baltimore and they run through contractors like underwear. If you find someone good make sure you take care of them and pay them well. Everyone nowadays wants the best work for the lowest price and that simply doesn't exist. 

I like using my Spark business card for funding my rehabs because it gives me 2% cashback on every purchase and then I wipe it out every month with rehab draws. FREE MONEY HACK!!!

Hey man I can help ! Please send me message on Bigger Pockets

Sean if you're ever in search of funding sources for your projects please keep us in mind. Also we lend a lot to good properties in that area with phenomenal add value potential. I have a very good buddy that's in those markets and surrounding areas that's crushing multi family and commercial units.  

Your biggest goal is to build out a reputable team in the states you're looking to invest in. First, find an investor friendly realtor that will be willing to source good leads for you to acquire. Second, find a lender that is willing to fund your deals and build a relationship with them. Lastly look up and source a recommended and investor friendly contractor who will be willing (paid for their time) to go walkthrough said properties and provide feedback on how to move forward.