All Forum Posts by: Dustin Lauer

I would learn from the Pros in this space.  Tons of resources here on BP.  Alex Quezada has a group that meets up in Orlando and they talk about creative / seller financing often.  I haven't been personally as I'm bad about getting out and networking!  Pace Morby has a ton of excellent content on seller financing and has more properties under management than almost anyone using that strategy.  Personally I am not sure how they negotiate all those deals, but best of luck to you as you hunt for deals in my hometown of Orlando!

if the rate is low and you think the area will continue to appreciate, then might as well keep it.  To me selling / refinancing only makes sense if you have something better to do with the cash out.  Best of luck !

I've got some great clients that are active in Huntsville.  Happy to make introductions.  I wouldn't say that know it well enough myself, but I have been lending there on rentals mostly for about 10 years now.  Spartan Invest has a Hunstville market report on their website that would be worth a read, and you could find where most of the larger landlords are buying on Datatree if you know their company names.  On Zillow available rentals from 2-3K it looks pretty much like the west markets north of 565 (Madison, AL) and south of town off of 231.   Hope that's helpful! 

Hi Kamran, When I am investing into a market that I do not know that well, I often check the heatmaps on trulia and run reports on rentfaxpro.  Mainly I am looking for crime rates but you can find a ton of data online.  Being a tech professional yourself it's probably worthwhile checking out as many reports as you can online.  I have a housecanary subscription as well to run comps and create internal valuations.  If you need any connections in the Memphis market I have some great ones I can connect you with.  

A lot of lenders our size have private placements that can be if operated corrected a great place for passive returns. You should know what questions to ask though.  Dave Stetch teaches a course on how to be your own private lender as well if you search around for that - it's run by some industry friends of mine and they're great.  Good luck.

@Jon Fletcher

State dependent and some lenders will discount this in their underwriting. A reasonable market commission is fine in most scenarios and is fully deserved and common practice. Good luck 🍀

@Kim Meredith Hampton

💯 ^ you need to showcase your team.

@Justin G.

I sign them every day. I want the Seller to call and verify it and strongly encourage this practice within our industry.

@Phillip Christie

Get another lender or work your network and BP to partner up with someone who has the resume that could make your financing benefit you. Good luck!!

@Ryan Kelly

Agreed. I would target higher price per unit. These are the ones that appreciate. The lower priced per unit buildings tend to never improve more than enough to cover issues. Physically seeing deals in person regularly and using BP to connect with direct owners would be very educational IMHO. I’d be happy to show you some properties on all ends of the spectrum.