All Forum Posts by: Calvin Ozanick

Our company here in Rock County, Wisconsin works with investors from all around the globe. I would be happy to help you too if you would consider other markets. You are going to want to find a company (most likely property management) who has a team and many relationships in place. For example, we are also real estate agents. We are also connected with banks, insurance companies and bring the maintenance in house. This allows for you to complete your duties and trust that your manager and team are handling things on their end. 

It would be located in the webinar library. However, if you are not a pro member, you will not be able to access the library. 

Your best bet is going to be sending out mailers. This will allow for you to get your name and proposal in front of as many property owners as possible. You need to be direct and formal, you cannot beat around the bush when asking someone to essentially loan you a significant amount of money on the deal. 

That is awesome! What kinds of properties are you buying? How are you funding your deals? I would love to hear more about your story so far. 

I think you should begin working with some commercial lenders who would be able to help you put everything under one roof. This would limit the areas where banks are able to trip up on. Another potential option would be to salary yourself as opposed to creating rent income. By making yourself a W2 of the holding company, you can report a salary for banks to use as true income. 

Would either of you be willing to explain cost segregation and benefits of using it as an agent?

I am a fan of the original handwritten yellow letters. It takes more time for sure, but adding the personal touch is sure to be more successful and has essentially doubled the amount of responses I was getting previously.

As mentioned above. The most units you could house-hack would be 4 units. However, you could purchase the property in a conventional loan and then live in 1 of those 6 units. That would still be a house hack, but your entry costs would be significantly higher than previously. 

What BP podcasts have you found that give the best information about syndicating from early on?

You are really going to struggle with no prior relationships as well as the no income portion. Your best bet is going to be showing some form of income. Otherwise, you will want to rent out the 1m house to build up cash to purchase another property.