All Forum Posts by: Frank Hinck

@Daniel Sosa

Pick a farm, a small area you’re the expert in. Get some experience trying to help family & friends buy/sell, tell everyone you know and all your family friends, church friends, high school friends - write down 200 people you know and call 10 of them per day for the 20 work days in a month, then start over the next month and text the same 10 per day, then the next month repeat back with calls. Age can be a good or bad thing, you can be hungry to give 110% for the clients you do have.

@Daniel Rivera

Welcome to BP! What town, what’s your budget, do you want to House Hack / live in 1 side?

Ps fill out your profile with a town, photo and short description about yourself & foals

@Joe Timko

Podio for most. Honestly excel or word for the majority of people works in the beginning.

@Nick Wall

Welcome to BP! Post in the local area forum of VA you're in. Also, fill out your profile with a town, a photo, and short Bio. Best of luck!

@Ekta Patel

Take the loan. Figure the cost in as part of your financial analysis. Don’t lock all your cash up in a deal. 6% for 6 months is not a lot especially of when you refinance it to 4% long term won’t be that much less anyway.

@Sanjoy V.

A commercial lender would want to see some history of success, and a BRRRR or House Hack are good examples of that. I get you could not be able to house hack (I have a family and my wife won't either), but you can BRRRR and once you have 2-3 with history of success and then being rented then a commercial lender will take a look at your history and decide your a good risk to add to their balance sheet. Maybe get in with an experienced REIer and they can show you the way.

@LaKia Williams

A lot of people invest the way you're thinking, going for Appreciation instead of drawing cash flow out. I would still make sure the property appraises for the amount you buy for + the renovation amount, and you wouldn't want the property to only break even - you would still want cash flow so you can put some $ away for repairs, vacancy, CapEx.

@Michael Akai

I’d just include a flat charge in their rent for their utilities.

@Gary Garcia

That 20% cap rate at market value seems uncommon. If you don’t take that let me know about it DM me.

@Jaren Woeppel

Lookup Dyches Boddiford I believe he has an online course coming up