All Forum Posts by: Brendan Chase

@Yanik Parsch thanks.  I actually subscribed to RentRedi and instantly regretted it. I have since cancelled and joined baselane. RentRedi seems created by a tech entrepreneur rather than a real estate investor. One of the biggest hitches for me was that RentRedi needed me to upload a selfie and a photo of my license in order to collect rents. I have issues with that surrounding my privacy, and can imagine tenants having the same reaction. Anyway, I'm happy so far with baselane, but am still onramping. 

Any feedback on different apps that people have used?  I'm leaning toward RentRedi, but this seems like one of those things where I'll essentially be trapped with their interface for life, as all my tenants will be using it as well. Any better ones?

@Patrick Sullivan I'd like to connect if possible to discuss my options. Are you a lending officer? Broker?

Hiya

so many options for real estate coaching - looking for some feedback on other’s experiences. 
What Im looking for: Portfolio analysis on how to optimize.  I’ve managed to buy 11 units total and feel really proud about where I’m at, but feel like I could be a little further along. Should I sell and reinvest?  Should I just sit and be patient?  Should I further leverage and scale?  

My goal is to either purchase a personal home free and clear, or have my rentals fully pay the mortgage. I could maybe do that now, but all my equity is trapped in my buildings. 

Looking for a coach who can look at my numbers et al and help offer alternate ways forward. 

I’m around 40%ltv on my 7 unit portfolio at this point. (Four properties). I finally finished renovating the last unit and am currently at full capacity with all units having been renovated within the last three years. With the last unit finished, I’ll be cash flowing around $3k/mnth. I feel like I’m in a good place, but I have over $900k locked up in equity.

My loans are locked for another 3-4 years at 4%, so I’m not interested in a refi. I have about $60k in bad debt used to finish all the renovations. I recently asked my banker for a 100k loc and he seems very reluctant to do this for me. (My plan is to consolidate that debt and pay off loc within 18 months, then potentially use it as down payment on another building)

I’m feeling a little stuck and looking for some advice. I feel like I’m ready to take the next step, but also feel burdened by this bad debt and hamstrung with accessing my equity.

My general thinking is that higher interest rates will make buying a home that much more expensive. Are people likely to rent instead of buying with high rates? Will that intern force more people into the rental market, causing higher demand?

I recently purchased the last two duplexes on a short dead end drive. There is one more at the start of the drive that needs some rehabbing. I got a good deal on the two I purchased as a package, and am in process of rehabbing them before a refinance at the beginning of the year.

I have texted back and forth with the owner of the first duplex and the number he has given me is a bit of an over reach. It is not something I would otherwise ever consider if it weren’t next to the others I own.

My question is whether it makes sense to pay that premium in order to control all the duplexes and have the ability create my own feel for the drive, while not needing to nudge him about keeping his place tidy etc, or worry about splitting road repair costs. (It is a private little road with public sewer and water)

@Bill Brandt. Dude, I like your thought process….

@Cody Maheu I’m in midcoast maine and would love to be a part of this. Please include me on the list. Thanks!

I’m looking for the one BoggerPockets episode to send to my best friend to get him hooked on real estate. (And, really, listening to more episodes)

He is marginally interested in investing, but always has an excuse why now is not the right time.

My epiphany episode was with Annie Duke. Just super profound for me. And her analogy of the car ride short cut tied everything together. But, that was many episodes in for me.

Best one to hook someone?