All Forum Posts by: Jordan Woolf

@Fernando Enrile we are buying houses and then owner financing them to people at a higher interest rate, higher price, and down payment.

@James Hamling you forgot to mention all the tech debt that comes from outsourcing across seas… I have seen multiple companies outsource their systems only to pay multiples to have those same systems redone. Just like anything else you pay for what you get …

@Michael Campbell I currently have a construction loan where I used a bridge loan from a private lender for the dp on a flip. I could probably roll the property into a longer term loan afterwards but with current interest rates it wouldn’t cash flow.

Try a local portfolio lender and finding a deal with a little built in equity. Hope this helps.

@Christina Merlo networking is definitely the best approach. Your local REIA is going to be the best place to do that.

You would be surprised at how many people have money to invest. I was casually talked with my agent about a deal I had lined up but wasn’t sure how I was going to finance it and she said she lend me 100% of the funds.

We closed on 4 houses last week and plan on buying 25 more in the next year.

My partner was talking with one of his clients and mentioned we are finding a lot of really good deals and are trying to get our funding in place. His client just happened to sell a software company and doesn’t want to put it in the stock market…

@Blake Carlile I just borrowed from a private lender. I signed the note and mortgage at closing. I do not believe the lender signed anything.

@Alicia Marks we currently have 5 properties under contract this month. 1 came from a wholesaler 3 came from cold calling and 1 from a seller reaching out to us.

Hi @Luke Ache, welcome to the area! My wife and I have done 2 live-in-flips in the area and we are about to sell the last of the two. As long as you buy at a decent price and are somewhat handy it can be a good strategy.

One thing I am noticing is local investors looking for deals outside of Huntsville. There is less competition and deals are easier to find.

Feel free to send me a DM sometime to chat about investing and the market.

Can anyone recommend an agent in the Montgomery area that is experienced with luxury real estate?

I spoke with a long time agent/investor that has been buying houses and then turning around and doing a rent to own to a buyer tennant.

I know this strategy is not new but what I found interesting was that he was collecting 20% down payment from the buyer and charging 10% interest.

It sounded like he would find the buyer tenant first and then let them pick the house that they wanted on the market. From there, he would purchase the house using a conventional 20% down mortgage and get his 20% back from the buyer tennant plus the difference in the monthly payments.

I did not go too in-depth about how the deal was structured with him so I am curious if anyone else has any experience with a similar strategy?

@Chris Stonestreet try setting up an LLC and have the note transferred to your LLC.