All Forum Posts by: Esther Tama

 I can totally relate! I am 4 10, only weigh 85 lbs, looks younger than my age partially due to my petiteness. People always underestimate me, but I love how ppl react when they find out how fierce I can be lol.  

Mainly being taken advantage of for being a new female investor. I’ve already acquired my first deal off market, which was nerve racking! But I stuck to my guns and was firm in my negotiating. But mainly contractors, they see a girl who they assume doesn’t know anything and inflate their bids. That’s the most frustrating part so far I would say! Finding a team you can trust is not an easy feat. 

Looking for a quality realtor and licensed contractor near the Muncie, IN area. I have a house I would like to flip. If you are a realtor that has a go to general contractor that you can recommend please contact me so we can get this project moving and you get the listing.

Real estate friend of mine said his local credit union is offering him a portfolio loan in the mid 3s on his residential property on 30-year fixed loan terms (not just 30-year amortization, loan term of 30-year fixed).  Sounds almost too good to be true to me.  He, his lender, and the properties are all in the same state (Indiana).

I’m wondering if there are any lenders who can do that for me.  I’m in Kentucky and properties are in Tennessee.  5 single family rentals currently on 30-year fixed conventional loans.  I’d be interested in hearing if anyone else is familiar with this.  I’d always thought portfolio loans were either for commercial property or if for residential, had “worse” terms (shorter loan term, higher rate, etc.)

Reading your post almost a year later and I'm in the same predicament. Wondering if you found a good mortgage broker, or a loan type that works best. I'm an OOS investor investing in buy and hold in Indiana and looking for a portfolio lender or DSCR.

 If you are buying in cash you really only need to talk to an investor focused agent or broker in the area you want to purchase in.  They will be set up with contractors, property managers, lenders, inspectors, insurance brokers, etc... If they are not, than they are not really investor focused and you should move on. 

They will also be able to guide you on what lender to use to maximize what you can pull out of the property after you rehab it. We have lenders locally that will do 80% LTV, we also know what appraisers are looking for (to an extent).

You should grow but, you should grow slow.  Don't jump all in with one company and make 4 purchases at once.  Let them do exactly what they said they were going to do on 1 purchase, then give them more business.  If you get into rehabs, I prefer a PM company that can do the rehab in house.  As long as they are reputable and know what they are doing they can help you mitigate risk.  Getting into bed with the wrong contractor and being an out of state investor is a nightmare you do not want to experience.