All Forum Posts by: Danielle Wolter

@Jeremiah Russell Welcome to the forums! This is such a great place to make connections with other investors and members. There is so much knowledge in these forums, it's a great way to help you get started! Good luck!

@Adam Larkin Congrats on getting 19 properties in one year. That's awesome! I don't have much experience yet so can't add much insight, but I do plan on doing the same as you. Can you let me know what bank you're currently using that gives 80% LTV? I'm planning on calling a bunch of local banks in the next several weeks - if I run across something I think could help you I'll let you know.

@Adam Burke I would look at your loan amount. I think you may be hardpressed to find a lender that will loan 80%+ LTV on an investment property. I typically use 70-75% LTV in my calculations. Your closing costs also look a little low. Otherwise, on paper it looks ok, but that;s without knowledge of the area. If it's a rough area, you may want to factor more in for repairs and vacancy.

@Mark Hart Thanks for the recommendation! I'll definitely check them out. 

@Curt Davis Thanks so much!

I'm headed to Memphis in the next couple weeks and will be starting to set up meetings with potential property managers. I have a couple in mind, but would love to hear some recommendations or experiences from others as well. Note I am investing from OOS and I don't mind paying a little extra for a great manager. Please PM me if you're more comfortable. Thanks!

@Caleb Heimsoth LOL good to know! I would not have thought about that. 

@Matt Ward I can only speak to what I would do. If I had $1M of money to invest, I would invest in syndication. Likely, if I have that kind of money to invest, I am doing fairly well and looking to step back from day to day involvement. That is my own personal goal. But most new investors don't have $1M to invest. So they must start with SFH (or smaller multifamily), like I am doing right now. Personally, as I amass more properties and wealth over time, I would move away from SFH. I guess it depends on a persons goals.

I would make sure she knows that you want her involved in your future ventures and you appreciate all she's done. And while I know sometimes houses don't sell and realtors don't get a commission, If it was me, I would provide some monetary payment for her work. But that's just me.

@Dion Martorella Welcome to BP! There is a ton of great info and people on here that are so helpful. Good luck in your endeavors!