All Forum Posts by: Dustan Marshall

i will keep the appliances for Tennant use if they are in working order when I purchase the property. Or I will provide them if it makes me stand out compared to other properties near me.

@ Duncan Taylor

Forgive me, but what is GRIT GRAT and GRUT

@Sharad M.

Thanks for the quick reply. Having a "self funding" RE business is the ultimate goal (as well as cash flow 5K/mo or 12 properties). But as I am just start out and spent all or most of my available savings I am trying to evaluate how to continue growing the business with out wait another year or to save for another down payment or even longer to pay cash.

I feel like I waited for years before I took the leap due to my "paralysis" and now that I have overcome that obstacle and completed my first deal I am excited and ready for another one and I have to put the breaks on due to lack of capital. So just seeing what others have/ are doing to fund their deals

It turns out the refinance will not provide enough are a margin to fund my second deal. So I am still looking for innovative/ creative ideas of how to fund my next deal.

So far:

1- partnership

2- hard money for purchase then refi with conventional loan

3- save up for 25% down again

4- ?!?!?!?!

I would like to avoid using my own money on future deals. It is no fun on my savings and using my own money restricts my ability to grow.

Anyone have any good info on how to find reputable hard Money lenders? And how does the process of borrowing from them work?

thanks for all the great responses everyone. I just have one rental and it is not in an LLC. Keep the ideas coming.

@ Nicole w.

Thanks for the quick response! nothing in particular that I am unsure of. Just wanting to see what others are doing so I can possibly replicate it in the future. Especially interested in the more over looked items. Like meals, that was a good idea. I would assume that the meals were tied to a property ( during rehab...etc)?

i am working on my taxes And this is the first year I will get to claim rental expenses. So I am just wondering what items you all are able to claim

"butler county yard sale". "Butler county's buy sell trade". "Homes for sale, rent, lease in Butler county". Be ready..... once you post you get flood of responses. I received nearly 50 responses within 24 hrs of posting on FB and postlets.

I would highly suggest having a plan with responses to ppls question. Do a search on here on how others do their showing and model your after what will work best for you. Also in you post be clear And descriptive.

I am considering looking into hard Money to finance a second deal. How do you find these types of lenders? How do you evaluate them?

Also how do you find property managers? How did you vet them?

so the house has been rented for a number of weeks now. Everything seems to be going great. No late calls or emergencies. I thought I had a plan to refinance the property to pull out the equity to repay myself from the rehab. But after talking with banks they either need 6 months of seasoning or want to charge 7% interest with low LTV. So I will be holding off for now