All Forum Posts by: Joe S.

The grass seems to always be greener somewhere else. The guy that mentioned San Antonio lives in Austin.. go figure. 
Abraham Lincoln said, “ most people are as happy as they make up their mind to be.” 

The low entrance bar was what got me into the SF space. I basically just kept adding one house after another. You mentioned about go talk to my banker. I bought most of my houses through non traditional means. I just recently got to a place that my LLC could get its own loans, but I'm not sure if Covid 19 changed that.

I would love to talk with you off line about your investment model.

Awesome advice and thanks!

What Model did you use personally to scale up! ;) 

@Joe Splitrock my wife asked me the same question many times. :)

So I’m no novice. I have been investing in Single family homes for years. As being self employed most of my life I had to get creative some times and hustle. I’m currently getting a decent income from my SF portfolio that pays the bills and feeds my family. I have looked into getting into MF, before but felt that the financing requirements far exceeded my situations. (When I say MF I’m not talking about 2-4,units. When some people talk multiple family they mean 2-4.)

Not trying to be negative, but a lot of the folks that preach MF have NOT done it themselves and nobody calls them out on it. One guy was talking big game, but he only did one duplex.

I’m trying to find a workable model to scale up, but haven’t seen the light yet. 

I’m ears for a workable model from someone that has walked the walk. Plz advise;)

I think it is more than ones goals. Most people can not meet the financial requirements for a multi family, but they can on a Single family.

@Greg H.my last closing the title company change an item the day of  ,but where a lender is involved I can see your point.

Ask for a repair allowance that is more than the trouble of getting it fixed. It sounds like there are realtors involved so they should be able to sell the need for the seller to be workable. A title company can modify a HUD at will.

@David White how do you plan on financing your purchase and money for the down payment etc?

I personally think that is the real hurdle that keeps most investors in  Single family homes. 

If they did a good job and they only want reimbursement for the material you got a good thing going. They may even stay multiple years because of it.