All Forum Posts by: Joseph Stern

@David Yandel Love to hear it David, we don’t have to overcomplicate it a lot of the information is already out there. Glad to hear the post was helpful!

@Matt Smith hey Matt you have a few options. You can get a bank statement loan with higher interest, owner finance, sub 2, or use a line of credit.

@Angelo Proto Hey Angelo, I'm a broker in Tampa and have helped many clients purchase STR's from out of state and I own several myself. Would love to connect!

@Lara Di Girolamo Hey Lara, I’m a broker and investor in Pinellas. I would love to connect.

Hey Matt, when it comes to HELOC's the monthly interest will start to eat up profits after a while. So my recommendation is you want to use a HELOC for situations when you can pay the balance back quickly. For example, if you are evaluating a flip that you know you can turn around in 3-4 months or a BRRRR (value add and refinance) and you run the numbers and even with the HELOC interest you will still make a good profit, in my opinion this is the best use of that line of credit. When you get tied up in a project that you used a HELOC for that ends up taking 9-12 months, and you can't pay it back, that is when the interest will really start adding up and ruin the project. There are many ways to use this based on your own financial situation but from the sounds of it, using this 140k HELOC on BRRRR's repeatedly can be a great way to grow your portfolio and can keep recycling the money. The cash flow can help you quit your W2 or if you start flipping and wholesaling enough to replace that salary, that is a great option as well.

I have played around with both Reanomy and Costar as well as pulling lists from the MLS then trying to skip trace them. I like to run email campaigns, and for years I have struggled with getting the best contact data. Are there any recommendations out there for which platform or skip trace provider has the best data? Maybe Crexi or a specific skip trace tool? With accurate emails or phone numbers I can be 10xing my contracts a month, any suggestions are appreciated!

Check out Felix Montanez for help with the deed transfer. His company is rocket title services, he is the attorney there. 

Hey Chad, I have a few hard money lenders. They are not attorneys though, if you're interested reach out. 

Find as many distressed deals as possible, once you have them under contract choose what exit strategy makes most sense. You could flip it, buy and renovate, or wholesale, but don't wait. There are plenty of distressed deals out there that could be earning you income today. 

@Carlos Carrion

@Greg Forrester

I own a brokerage in Tampa and we primarily do off market wholesaling, I would love to connect with you guys. I've wholesaled dozens of deals in Tampa and invest myself.