All Forum Posts by: Dominic Pizzi
Dominic Pizzi has started 44 posts and replied 207 times.
Post: Help With Next Choice for New Investment Property
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
Jameson,
I think using a DSCR lender in a desirable investment area would suit you better than a DTI lender. Reason being is that a DSCR lender does not take into account DTI when judging the property, only the property itself gets judged.
Send me a PM if you need additional info!
Post: New to the Cleveland market, need recommendations
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
The gentlemen at ReafCo are great to work with. If you need a lender as well my team and I can help you out! Send me a message!
Post: Fix & Flip Lenders in Rifle/Glenwood
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
Hey Travis, we might be able to assist here! Send me a PM!
Post: New to RE Investing - Need advice
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
Quote from @John Roberts:
Hi All,
My wife and I are relatively new to RE investing. We started with our first investment SFH property in Nov 2022. We now have 4 SFH's that we are rehabbing and will most likely rent when we get them ready. So far, we have purchased all of them with cash, so no loans (yet). We have put them all in my name so far.
My question is, does it matter whose name (my wife or mine) each property goes in? Should we put both of our names? Should we split them up between the two of us?
Thanks again for all of the great advice so far!
John
Hey John!
If the lender you use or the title company you use will allow you to close in an LLC, you should consider that! This way you can both be on it if you so choose and it is not in your personal names!
Hopefully this helps!
Post: Looking for DSCR lender that will allow us to have input on selection of appraiser
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
Hey Buddy,
Send me a PM!
We deal with investors in all of those areas on a regular basis! If you need help with private lending for your investment property, please reach out!
Post: Best Site to find a Renter?
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
Hey Nathan!
Would put listings on Trulia, realtor.com, and even Facebook Marketplace. If some local businesses allow, I would put up flyers in them to market that way too (ie gyms, barbershops, supermarket, etc).
Post: Newb: young buck that just moved to Columbus. Any advice on zip codes/strategies?
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
You should discuss with the gentlemen from ReafCo @Remington Lyman @Harrison Chow. The two of them have great knowledge of the area and actively invest there as well, so talking to them in an agent and investor space may be beneficial to your overall investment experience in Columbus!
Post: Investment property in Hobe Sound, FL under contract need funding
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
Hey Lance, send me a PM, would love to see how I can assist!
Post: What are your friends/colleagues telling you their biggest fears in the market are?
- Lender
- Freehold, NJ
- Posts 235
- Votes 85
Jacob,
Big one I hear all the time: interest rates, interest rates, interest rates. The argument makes sense that they don't want to jump in at a higher rate, however, if someone identifies a positive cash flowing property even at a rate in the mid 7s, then when they come down they can refinance themselves into a lower rate and create a greater cash flow for themselves and their properties.
On top of all of the other negativity that you mentioned, we have to switch people's thinking to not focus so much on the negative aspects of what is in the market, and instead look at the potential for opportunity!