All Forum Posts by: Justin Polston
Justin Polston has started 18 posts and replied 265 times.
Post: Using Rental Income to Offset DTI Ratio

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
@Tyler Krathwohl talk to Tract Armstrong @ (7 six 5) 34 six -double zero double 5
Post: BRRRR method in Indy Area

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
@Aaron Coffer most strategic way would be seller financing and having option to refi that note in 12 months.
We have brrrr worthy homes in our inventory, as well as a secondary company that will sell on payments to you to help you make the acquisition. Sort of a way to get into a home with longer term hard money (not even that hard).
Post: Using Rental Income to Offset DTI Ratio

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
@Tyler Krathwohl do you have a "normal" job that satisfies the 2 years of tax returns? Have had several local lenders allow rental income on primary residence to offset dti to purchase their next home without selling their primary.
You'll find someone quickly that can help. You might try a brokerage and not a bank.
Post: Deal finding strategies

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
@Shannon Richardson I second Ivan for sure!
Post: Buying non performing firsts

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
@Logan Hassinger can you pm me the details?
Post: LOOKING FOR CASH BUYERS IN INDIANAPOLIS AREA AND ANDERSON, INDIAN

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
@Amie Lieurance keep me in mind for Shelbyville, Gwood, Gfield, Franklin!
Post: Buying non performing firsts

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
Looking for non performing firsts around central Indiana.
Post: Central Indiana Rental Statistics - December 2019

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
Nice!
Post: Should I invest now as a college student or wait?

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
When you start out young, go the safe and boring route. Buy on contract, use hard or soft money, just dont use your own. Keep cash set back for repairs and upgrades. Use only what you have to to acquire. Keep that cash though - you havent lived through bad economic times and been thrown out to the wolves. Have the mindset that cashflow isn't key, but paying off contracts and refinancing is, and within that mindset, understand that "the tenant is paying for this house for me." Then you'll wake up one day and be 32 years old with some homes you bought 10 years ago now owned free and clear. You'll have staggered deals over the years and more will get paid off each year. Then use all the extra cash to plow into the other mortgages or buying houses with your own cash.
Worked for me. As long as i wasn't overpaying I wasnt obsessed with cashflow because i was working.
Post: Should I invest now as a college student or wait?

- Property Manager
- Shelbyville, IN
- Posts 303
- Votes 161
@Hayden W Gibson check out my backstory - YOU CANNOT START EARLY ENOUGH.
SERIOUSLY.
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