All Forum Posts by: Greg Larson

Hey BP, I'm looking to acquire as many multifamily properties as possible within a short period of time.

Questions for you.

Let's say you started with a house hack

After closing on the house hack, what would you start doing immediately so you can acquire your next non-house hack multifamily asap?

And, if I bought a cash flowing multifamily this month (house hack), would a lender allow me to acquire another one (non-owner occupied) next month? Or how does that work?

Thanks in advance for your advice!

@Troy Peterson congrats on the deal!

What was the sellers motivation for seller financing?

Quote from @Jp Kilduff:

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@Jp Kilduff have the REVA Global VA's done cold calling for you? I'm very curious what others have experienced as far total VA calls per day or per week, VA call to appointment rates, appointment to close rates, etc. with VA cold calling for investors.

Hey BP, I'm looking into running an email marketing campaign to high equity absentee owners,and hiring a VA cold caller to follow up and find sellers that are interested in seller financing or doing a financed deal off-market.

Has anyone had experience with a similar campaign in the past? I'm very curious about what type of marketing content you used, your calls to appointment rate, your appointment to close rates, etc.

Thanks in advance for any insight or tips!

Has anyone noticed better quality email address results with any particular skiptracing services compared to the others?

@Steve Vaughan thank you. Did you create the worksheet? I'm very curious to see what that looks like and put myself in the sellers shoes for a moment.

Thanks for the responses everyone!  

So, to be clear, the monthly cash flow the seller would get is coming from appreciation that occurred while they held the property?  Or the monthly crash flow is coming from the interest rate agreed upon by buyer & seller?  

Or both?

Hey BP,

What types of sellers do you believe are most apt to do seller financing?

I'm trying to put myself in situations where SF would be a win-win for both parties.

Thanks in advance for your advice!

Quote from @Alecia Loveless:

@Gregory Larson Hi. If you have enough money for the down payment you don’t necessarily have to wait too long for the second or third deal. Especially if there are tenants in place as 75% of the leased tenants’ rental income will go toward your qualifying income as you apply for the mortgage.

I only make a little more than half your salary but had down payment money due to the sale of my bed and breakfast and an excellent credit score and was able to close on 5 MF deals in the last 12 months.

My insurance company got more confused when I had two closings in two weeks than anything else.

However there’s also nothing wrong with creative financing, working with a hard money lender or a partner or a private lender if you have your full plan in place of how you plan to refi, or divide up the partnership in an official legally drawn up agreement, etc.

That is awesome to know!  I wanted to get 1 per year originally, but now I'll be aiming for 5 this year like you.

Do you have any tips in which types of sellers are most apt to do seller financing? 

I'm looking to put myself in situations where SF would be a win-win.

Quote from @Derrick Anderson:

Hello,  I am a Private Money Broker that provides funding for real estate transactions that do not qualify for conventional lending.  So if you are interested I can assist you in avoiding missing out on deals and help avoid the bank regulations with private money.  So if you're interested in non-owner occupied investment funding I can help.  Do you currently have a deal under contract?

Thank you!  I don't have one under contract yet, just thinking ahead so I know what play(s) I can run as I dive into this new market