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All Forum Posts by: John Key

John Key has started 1 posts and replied 38 times.

Quote from @Albert Bui:
Quote from @John Key:

I would ask, how do you search for deals? Its an important aspect, plus, since you are going with an FHA, it will be harder to find something that makes sense number wise, try to aim for deals with at least 2 - 4 units which usually provide an even better return once you leave from the property (if your goal is to live just 1 year in it)

 @Matthew Kwan @Carlos Valencia 

Just remember 3-4 unit FHA properties will require you to meet the FHA Self Sufficiency rule and that can be tough as nails or impossible in expensive west and east coast markets but luckily, conventional financing (fannie) came out with 95% LTV or 5% down up to 4 units with no restrictions as of 11/18/23.

So you have an exit, prior if you blindly went into FHA 3-4 unit you'd get a rude awakening midway through your escrow or loan underwrite.


 exactly, this is a great option I forgot to mention

Quote from @Toby Hanson:
Quote from @John Key:

great points!


 Thanks, John. Have you done lease options yourself?


 a lot of my clients do, I am looking to do more of LTRs first

Post: New to real estate

John KeyPosted
  • Posts 39
  • Votes 18

thats great man, love that mom & son collaboration, feel free to reach out and connect!

congrats man! hmu for some recommendations! 

Post: Anyone in Alfred, NY?

John KeyPosted
  • Posts 39
  • Votes 18

ill be there in a month, maybe I can reach out then for some networking 

I would ask, how do you search for deals? Its an important aspect, plus, since you are going with an FHA, it will be harder to find something that makes sense number wise, try to aim for deals with at least 2 - 4 units which usually provide an even better return once you leave from the property (if your goal is to live just 1 year in it)

I can't talk about the masterclass because I did not go through it, but I did 1on1 mentorship. Richard's mentorship goes beyond just teaching investment strategies, it provides comprehensive guidance on building a portfolio and scaling your RE. His expertise, industry insights, and personalized support have been great in my growth.

One of the most significant positive results I've achieved from the mentorship is the ability to identify investment opportunities and make informed decisions. Richard's teachings on market analysis, property evaluation, and risk assessment have given me a competitive advantage in the real estate market and I am very grateful for that.

Post: New to the game

John KeyPosted
  • Posts 39
  • Votes 18
Quote from @Scott Scoville:
Quote from @John Key:
Quote from @Jasmin Silva:
Quote from @John Key:

welcome bro! California is such a tough market bro, I would suggest investing out of state!


 What makes it a bad market? just curious


 not a landlord friendly state, high taxes, high property prices, saturated market.


That's an over simplification. You can succeed in any market with the right strategy. I just had an investor client force appreciate a 6 unit property by half a million dollars in 6 months. Plenty of opportunity in most markets. Just have to think creatively. 


 yeah, i dont disagree, but i prefer investing on state which will benefit me and make the process for me easier.

whats good robert, I am a property manager and investor, if you have any questions just shoot me a message! welcome!

well said, I enjoyed reading this!