All Forum Posts by: Dustin Lauer

Carlos you could do a blanket loan or single asset loans / combination of both and/or sell some them.  Plenty of options available.  Investing in MO and AK has worked out well for a lot of folks over the last few years.  Best of luck to you! 

I haven't had any single families cash flow well enough for 75% LTV recently. Pricing is much better > 1.1 DSCR, which is barely any positive cash flow. Often closing at 65% or less these days. Recent loans: 60% LTV at 7.5% with 3 year PPP (1.1 DSCR), 50% LTV at 7.625% with 3 year PPP (1.1 DSCR), 65% LTV at 8.125% with 3 year PPP (1.0 DSCR), 60% LTV at 8.625% interest only for 10 years with 3 year PPP (0.8 DSCR), and 65% LTV at 8.250% interest only for 10 years with 3 year PPP at 1.0 DSCR

@Keegan Fraker

We often see it’s cheaper to buy and rehab but the finished value is often lower and the cost of ownership thereafter including insurance can be much more for rehabbed older properties.

Building new probably will get most investors a greater finished value, higher rents. lower capex, and lower insurance costs.

Many factors here though to evaluate in your location.

ADUs are a great way to do both (Rehabbed SFR plus brand new ADU).

Good luck!

@Brian Jasinski

SDIRAs can also finance your deals and other investors deals, and at many firms can be used to invest as debt or an LP. NuView in Lake Mary, FL is a great resource.

@Ryan MacLellan

Great plan! Interested to learn what options you find for financing this if not doing it all cash. I am looking into these often lately.

@Jimmy Bell

👋🏽

interested let's talk

Hi Jeff. Currently DSCR rates are often pricing lower than Conventional rates on rental properties. Investors are still getting rates in the upper 7s and low 8s. The trade off is definitely prepayment penalties, and higher down-payments (if purchasing).

I have a private lending company licensed in Puerto Rico.  We see some great opportunities there and generally work with very experienced clients on the Island.  

Hi Trisha. I'm sure many investors here will have good advice for you. Hopefully the comments roll in on this thread for you. We offer internships at my company. They are paid but can be challenging and time consuming as we invest a lot of time with our interns and expect regular results. If you want to get started in the biz theres no place better than here on BP in my opinion. Networking here and with your local REIAs is a key first step. If I were starting out, I'd call every bandit sign that you see out on street corners in the largest market near you. Create a spreadsheet of all of the wholesalers in that market. Full Name Cell Phones (#s are the sign may not be cell phones so ask for those also) all social media accounts and emails of course. You can also find wholesalers here on bigger pockets, on facebook groups (excellent resource also), on other social media (tiktok, instagram etc) and all over in craigslist in most metros. Wholesalers are often the ones selling "cash only" / "hard money only." Create a separate free email like a gmail and use that get on all of their email lists for deals so you can see the action nearby you (and/or not local to you); and learn how they are marketing their deals. The separate email is key as you'll get 1000s of emails quickly. Local is a great place to start though if you are in a decent sized metro. Being under 18 it could be a challenge to take title to properties and obtain financing, but at the very least building up a valuable network and getting involved in some transactions would be great. Getting your real estate license right away is also a great starting place to get access to MLS. In some states you can take the real estate course before you are 18, but I am pretty sure in almost all states you will need to 18 to sit for the test to get your license. The classes are cheap $300-$500 and worth it. Yes also to answer you question getting some income and saving to invest early is the move. When you are ready to take the leap into your first deal, house hacking is great and there are many posts here and information about this from others who have done it. I got my first house around 21 years old with my brother and had college roommates living with us to help pay for it. Several years later we sold that one for almost 4x our purchase price. Best of luck to you and glad to see so many people getting started young.