All Forum Posts by: Clint Jusino

Hey Hey!
My wife Karolyn and I started Real Estate journey in April 2021 with bigger pockets, and we have since closed on 75 doors, Multifamily and Single Family.  Thank you Bigger Pockets for helping us get started in our real estate journey. 

My wife has experience with Fund of Funds syndication on a 400 unit in Arizona.

We are partners on two hotel developments in Puerto Rico.
We have built a team of 6 , we wholesale cash , subject to and seller finance deals in the sunbelt states.
Last year we closed 500k in assignments.

Karolyn and her partner throw a monthly meet up in Dallas TX if anyone is in the area send me a msg!

Our goals for 2024
1. Help 50 people get started in Real Estate with their first deal.
2. Gross Three million in assignments for our team.
3. Buy a small hotel <20 doors, in TX, AZ, CA.
4. Buy 3-4 more single family
5. Partner on 500 unit multifamily with our mentors.

If we can help in any way please reach out !

It may still be worth considering investing in properties with lower returns in the current market, as building equity, taking advantage of tax benefits, and potentially refinancing later could offset the lower cash on cash return. Additionally, purchasing at a lower price due to high interest rates could also be a strategic move in the long run. It ultimately depends on your individual investment goals and risk tolerance.

Hello

I currently own 2 properties. One is currently rented in Greenwich CT, the other I just purchased in Norwalk CT and in the middle of renovations before I rent it out.

I would like to purchase a 3rd home by the end of 2024. How do I go about getting approved when I am already maxed out on getting another mortgage..? 

good morning folks , anyone has experience with section 8? alot of myths going around , just wanna get your guys perspectives. i plan on doing section 8 in jax FL just doing my research if the demand is there. 

thanks , allen

Would anyone like to be added to a multifamily real estate group chat within the DFW area? I have not seen one made yet but interested to connect with more multifamily investors within the area.

I am overwhelmed by the number of different formulas that are out there for rental property investing and I don't want to overpack for lack of better words my investing formula arsenal so I would like to know what ones are the best to use and why

The ones I currently use include: COC, NOI (and NIAF), Cap rate, ROR, ROI, and IRR=

But I also have heard of NPV, 

I am also not including any "rule formulas" aka 1% and 50% as those are simply guidelines to follow and not complicated formulas

Let me know if I am missing any or don't even need to use some of the ones I am using

Thank you,

Peyton LaBarbera

I found a property that I am really considering purchasing. It would be a 500k purchase, 100k rehab and 700k ARV. I would then turn it into a rental.
1- First off, I am having a hard time wrapping my head around the fact that refinancing out of the loan amount would make my mortgage higher. What is the point of refinancing out to a higher amount for a higher mortgage if original purchase price has a lower mortgage? (plus higher property taxes due to the new assessed amount)

2- I don't have cash for the rehab yet, so any advice on going about sourcing the 100k? or should I ask for a 600k loan and lay out my plan to my mortgage  broker?

@Sara Habtom

J Scott's book pair about flipping and estimating flips was pretty comprehensive and no upselling.

Amanda Han's two books on tax strategies were also pretty good starters.  Honestly, never read the first I believe as from the ToC it was too basic for me.  The second book didn't have much, and there was one glaring error that's already been talked about too much --- sorry, forgot what it was now.

Good luck.

No, that's what I thought.... I meant you need to take care of that issue. There should not be that much water coming in from outside. People need to learn how to wipe their feet...... :-)