All Forum Posts by: Joseph Bui

It’s all about have trusted contacts on site that you fully believe have your best interest in mind. I live in the Seattle area but have an 8 door portfolio across Memphis and Detroit. Having trusted resources is the key. I have contacts in many markets, Let me know if you need me to share any resources. 

Hi Neha, I’m an investor with an 8 door portfolio across Memphis and Detroit. I’m also a licensed broker that specializes in helping investors finance their rental peoples and would love to help you with financing options. Let me know if you have any questions. 

Hi, I’m not an agent but I’m an investor and mortgage broker. I have 8 properties across the Midwest, all cash flow positive. Happy to connect you to any resources you need. I’ve talked with a lot of agents across many markets and point you to a few of my favorites. Also, let me know if you have questions around financing. Happy to help you run numbers. 

Hi Guilherme, I’m an investor with an 8 door portfolio in the Midwest and I’ve helped clients finance their rental properties in Florida. Happy to connect and share any resources in the area. Let me know if have any questions around financing your investment. 

Hi Alexander, I’ve dabbled in Indy and KC and have close friends that invest in both markets. I, personally, have an 8 door portfolio in Memphis and Detroit but looking to expand there. Happy to share resources or help answer any questions around financing. 

There are few ways you can go about it. DSCR, another cash out refi, etc. Happy to chat through the pros and cons of the different scenarios.

For me it all comes down to numbers. If you can make enough money each month locally, then buy local. If you need to go out of state, for those in high cost of living areas, then factor in fixes, property management, etc. If those numbers work better than local, buy out of state. Either way, as long as the numbers work, its better than doing nothing at all. Let me know if you have any questions around financing. Happy to help answer any questions or run numbers for you on any property.

Generally VA loans aren't allowed to be used for investment properties. However, there are definitely other options and some that don't require income verification. Let me know if you need me to share a resources. Happy to help answer any questions as well.

As a broker, I have access to reviews through the brokers in my brokerage. So I can get an idea of who I can trust. That being said, hard money is not nearly as popular as other products so it’s not as simple as finding some consumer report. Happy to share reviews I’m seeing if your are interested. 

For a rental property, DSCR is the perfect loan product for your situation. Most investors I work with use this product and right now the rates are very good compared to conventional. You won't need to worry about your income, the asset just needs to produce enough to cover the debt monthly. Let me know if you need more info, will be happy to help answer any questions.