All Forum Posts by: David Lund

Get on wholesalers lists or learn how to wholesale… basically. You don’t have to be a wholesaler but you do need the same skill to get off market you just can be your own end buyer.

@Nate Sanow is wholesaling something you do with an agent or alone?

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Quote from @Robin Simon:

Quote from @David Lund:

I am having trouble finding any properties that cash flow after considering mortgage, insurance, cap ex, vacancy rate, etc. Have you had any luck in your areas? It's starting to become a pretty big concern as a new investor wanting to get into the market.

Any advice or insight is appreciated!

Price drops of purchases are lagging right now - the best thing to do IMO to deal with this is to not be afraid to make a lot of "lowball" offers - chances are one out of X will be accepted, just only offer on properties what would cash flow for you

Hey Robin! That’s what I was thinking as well.

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Quote from @James NA:

Quote from @David Lund:

Any advice or insight is appreciated!

Please don’t be fooled…

YOU ARE CORRECT…
There are too many people WAY…overspending on “ investment” properties….therefore… with mortgage debt too high… there …IS … no cash flow..

To be perfectly honest and a little mean…… I am tracking the manes of the mentors and gurus in my town that aren’t raising hell about over spending…

When / if the next crash happens, they will be all over the REIA circuit selling foreclosure and short sale courses…

And I will be there too… asking open ended questions that lead to no other answer that… THE REIAs and the GURUS were a part of the reason that so many young naive investors went BK.

and… yes… if the crash happens… I am locked and loaded.
experience in Short Sales.. ( worked …IN… Bank of America’s short sale department… so I KNOW the process from their side of the transaction)
killer cash
Killer credit
killer Instinct

Great insight. Thank you!

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Quote from @Nate Sanow:

Deals aren’t found, they are made.

They can be created via off-market strategies and a willingness to buy distressed...

Great advice and gives me a new perspective to think about! Do you have any suggestions for off-market strategies that I can research? @Nate Sanow

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Quote from @Eliott Elias:

Look into cash flowing in different ways, like airbnb, rent by the room. Or cheaper markets with great rental rates, Killeen Texas is a good cash flow market

Thank you Eliott!!

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Any advice or insight is appreciated!

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Quote from @Chris Mason:

Quote from @David Lund:

Quote from @Scott Mac:

Hi David,

Ouch, that makes sense though, it's like hitting the lotto.

National fellowship stipends are only a one year job (maybe 2) am I right?

A 30 year Government backed loan on a 1 year job seems like a shaky loan to me.

So what is your dissertation for this stipend--or is it just teaching?

Or are you inventing Flubber? https://www.youtube.com/watch?v=JL1HSJLvqVs

Good Luck!

My fellowship is 4 years and I’m currently on year 2. My dissertation is over lunar plasma surface charging for future Artemis missions!

There is an "all other income" bucket in Agency loans. If something falls into it, they will only "count" it if you can document that there's three years left. That's why single parents getting child support often can't "count" that child support, for mortgage purposes, after the kid's 15th birthday....

Very good insight!

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Success comes from learning from failures

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Scottsdale, Arizona

Quote from @Dave Skow:

@David Lund- you are welcome - fyi - within the conventional loan idea - there are 2 angles that can be used ..one is called the FANNIE MAE ( fnma ) and the other is callled the FEDDIE MAC ( FHLMC ) approach .....they can vary slightly so make sure to ask the lender to check out both avenues - good luck

Great advice!

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Hey Ryan! I’m new to real estate but I’m pretty good at setting and achieving my goals regardless. Every Sunday I make a list of weekly goals and assign a day of the week to achieve each one by. Also I find it very helpful to write them down and put it somewhere I see daily so I’m constantly reminded of them. Hold yourself accountable by telling someone close to you what you’re going to achieve. My gf and I bet $100 every week and if we don’t achieve the goals we set we owe the other $100!

Constantly keep educating yourself about anything and everything related to your goal—this will help motivate you to achieve them and drive you to each them faster.

Find what’s best for you but those are some quick suggestions off the top of my head!

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All Forum Posts by: David Lund

David Lund has started 15 posts and replied 122 times.

Post: Monthly cash flow dead?

Post: Monthly cash flow dead?

Post: Monthly cash flow dead?

Post: Monthly cash flow dead?

Post: Monthly cash flow dead?

Post: Monthly cash flow dead?

Post: Desolately Need Help; My income doesn’t count towards FHA loan

Post: What is the Best Advice?

Post: Desolately Need Help; My income doesn’t count towards FHA loan

Post: Goal Settings - Achieving Metrics!