All Forum Posts by: Oliver Trojahn

I would use the HELOC since it has better terms.

Its sounds like you're referring to loaning money to yourself through your 401k which is also an option.  That money is on a 5 year amortization so your payments will be high each month.

When you leave employer you can roll over your 401k to a Solo 401k with checkbook control.  And invest in real estate.  I just completed my rollover.

30 year mortgage every-time. 

In rental real estate there is no point to have a 15 year note.  That would increase risk.  

15 year note also diminishes two of the best things in real estate.  Cash Flow and Tax Advantages.  You actually want debt on every property, if it gets to low that is problem and hurts your return on equity.

Go with a 30.  Thank me later.  Cash is king.  That is how you eat in bad times.

I would say it depends on how much cash you have.

Buying an investment property with conventional financing you will need 20% down.  

If you buy a personal residence first (house hacking) you can get in for as little as 3.5% down.  Rent it to a roomate and then eventually rent out completely.

If you have the capital do both. House hack and buy a SFR Investment Property with 20% down. I actually bought my rental houses with a partner to start. That is another good idea. I only needed 10% down that route and then I also started house hacking. I ended up 5 years later with 10 high end houses and retired from the work force.

Now I invest full time:)

I just ask my loan officer who is typically a VP.  In fact, i just asked one of my banks two minutes ago and they have some land for sale.  I may go take a look at that.  Thanks for reminding me to ask.

I ask my small local banks all the time if they have foreclosures for sale.  They typical say no but sometimes they say yes.  They would be tickled pink if I could take over a property they are foreclosing on.

Small banks only.

Hey all I am setting up a Solo 401k within the month. I have been speaking with IRA Financial Group and they seem to know their stuff. However, I cannot find anyone using them on Bigger Pockets. Has anyone had experience with them?

Can someone recommend a Solo 401k Provider?

You want a conventional (freddy/fannie) loan if you can get one. You could buy a place and live in it and only put 3.5% down on an FHA. You want as many freddy fannie loans as you can get your hands on.

You will need 20-25% down for an investment property through freddy fannie

You want a conventional (freddy/fannie) loan if you can get one. You could buy a place and live in it and only put 3.5% down on an FHA. You want as many freddy fannie loans as you can get your hands on.

You will need 20-25% down for an investment property through freddy fannie

I have determined that this particular strip center should trade at a minimum 9 cap.  I want to buy at a 10 cap.  Deal is dead until further notice.

I also don't care what the market trades at in two years.  I keep real estate long term and don't typically sell.

Thanks for the input.