All Forum Posts by: Dassi Lazar

@Ben Feder

I misread your question🙈 I invest in SFR doing the BRRRR method and flips. I'm not exclusive. This past year I did a lot of rentals... Looking to pick up some flips now so I can continue getting more rentals. I wasn't able to pull out all my money on the rentals.

@Ben Feder

I look at my SFR as a multi. If you have a multi you don't have the option of separate LLCs per unit. Yes, by having separate LLCs you have less liability but it also costs at least $300 a year per LLC. It adds up quickly do reduce liability.

With that being said one of the beauties of SFR is that you can take the best of both worlds. I limit my LLCs to 10 property per LLC.

Disclaimer: I am not a lawyer, for any legal advise speak to your lawyer.

@Tyson R. I refi with Finance of America less than 6 months. No seasoning required.

@Shane Craig

Great question!

A few things I do...

1. I'm a replace rather than fix it (most cases). HVAC is old... I'm putting a new one not spending the couple hundred dollars repairing it when it's gonna break down soon. Roof is on the last leg I'm going to replace. Don't want the roof caving in and breaking tenants stuff and having to pay for that also.

2. Houses get painted the same color.

3. Respond to tenants quickly so they stay longer. I always ask tenants why the left and majority is because their landlord didn't take care of things efficiently. Much cheaper to do a repair than deal with turnover.

4. Master lock key system.

@Joel S. Refid all hard money out. Best feeling!

@Joel S.

All of them with majority of hard money - whatever hard money didn't cover I have a $100k HELOC and some friends that invested money for nice returns.

When I refied many appraisals came in lower than expected so I still gotta pay my HELOC back and friends but cash flow is great and assuming I don't buy anymore properties I'll be able to pay everyone back in 1-2 years.

@Kevin D.

- I look for what is being developed around it. One area I invested in recently built a beautiful Starbucks - I read somewhere Starbucks does a lot of research for up and coming areas so that made me feel confident that the area is moving up.

- I look at what other distressed and renovated houses sold for.

- Figure out what properties are renting for so I have a realistic number when crunching my numbers.

- Any information I can get my hands on.

My properties are in the same type of market, so repeat is much easier. I can make decisions very easy now on what type of deal I'm looking for.

@Sam Gentile put that money away for a rainy day on this property. Biggest factor to consider when paying down the Lon faster is what your interest rate is and if you can make more reinvesting it.

@Edwin Campos

1. Made the decision that I wanted rentals

2. Decided on the area

3. Studied the market (I’m a realtor so I had the basic idea)

4. Put AGGRESSIVE offers in - didn’t want

5. Repeat

My advise once you make the decision you want to do it, just do it! Don’t spend too much time dwelling on anything. In the beginning don’t nickel and dime and loose a deal off of a little bit of money.

@Chris Levarek I like your ideas! Seems like networking is 🔑