All Forum Posts by: Grant Thompson

We use them on our investment properties and they have been great so far. Good coverage, competitive rates, and good customer service.

Kari,

The two methods I have used,

1. Census data, but it is not always reliable and current.

2. Talk to a property manager, they are the most plugged into the local market and can give better estimates on average vacancy rates.

Happy New Year Arnie!

Lesson learned from 2021: The most important aspect of an investment is a margin of safety.

2022 Goals: $1 million + in net new assets, $2 million + in real estate acquired

How about you?

Joshua,

Usually you are required to live there for a given period of time. You could call a few lenders and they will be able to tell you if this would work.

Hello Megan,

My recommendation is to use whatever address you want to receive mail at.

Hello Ben,

Welcome to the BP community! Market timing and macro forecasting (economic trends, interest rates, etc) are very difficult to predict. From the sounds of it you are looking to acquire high quality real estate with conservative or no leverage with a long time horizon. In my experience this is a winning formula regardless of the macro environment. Feel free to reach out to me if you have any questions / want to chat!

In my experience, the rate is somewhere between 8-12% depending on loan size and duration. I don't know of any hard money lenders that are looking at ROIs, but they typically want to know that the ARV is high enough to refinance out of the bridge/rehab loan after the work is complete.
 

Frankie,

In my experience, this is the landlord's responsibility to cover unfortunately.

Zachary,

This is possible, Hard Money lenders will finance up to 90% of the purchase price and 100% of the rehab costs, but typically require some experience.

Hey John,

Welcome to BP! The best advice I can give is to learn as much as you can and get started as soon as possible.