All Forum Posts by: Joseph M'Mwirichia

@Rick Oaks hey Rich, call Shelby at Loftin Plumbing. Tell them Joseph Doubel M referred them to you. Great outfit.

@Shawn Dulan We are in a bit of a similar situation and I now realize the HML may not be the critical factor, regardless of cost. Lining up the bank refinance for the exit is getting tricky, with % dropping from the 80% we all want and seasoning/stability/reserve requirements increasing. I would consider starting from that end and working backwards into your preferred deal.

Totally agree with all of this! Source--motivations---always follow the money they say.

How much are you hedging, 10% ? Or greater?

ACs run 9/12 months here. You should be  good at once every 6 months. Also, educate your renters on the value of simply changing out the filter every 3 months or so, a $10ish dollar expense. 

They laid off a third of their staff, and now think it's go time again. When the bigs go, do you follow?

Open door Bloomberg article 

@Josiah Patrick Zebarth Freedom, fun and discovery....and going after Level 1 financial freedom by owning 50 doors in the next 18-24 months

Looks like a great opportunity Matt!

@Rashad K. Fantastic job! I am curious was it a strategic move to only refinance at 60% of the appraised value and not pull out 75-80%? I am asking because this is exactly what my investment strategy is going to be(MF-BRRRR) and I'm analyzing deals with the higher refinance % in mind. Your result is very inspiring indeed.

Congrats Damien and good luck! 

James, if you come across small multifamily in 103-105 zips let me know.

@Amanuel Yohannes you get to say. $100/door for multifamily, $200/door single family residence seem to be the consensus minimums.