All Forum Posts by: Julien Jeannot

@Dawson Quimby

Great questions. All best answered by a lender. Call a few to find one that specialized in the strategy you are looking to execute.

@Jeff Hines

I'd house hack a duplex to a fourplex. That's how I started and was a phenomenal foundation for the rest of my portfolio.

@Marie Herard

-DSCR loans

-Owner finance

-Increase income

@Jake Andronico

At the end of the day is depends on your goals. Paint the dream, assess your current situation, and plot plan between the two.

Play our the year over year rent increases, fix debt loans, and appreciation.

@Nolan Mahoney

The short answer, its all negotiable.

Couple things to think about:

- How much down does the seller need?

- How much monthly payment does the seller want? Can they be adjusted to ensure cash flow?

- Can you delay the start of the first payment? Line it up so the property is fully rented post repairs.

- Length of the loan, 20, 30, 50yrs?

@Denis Vaughan

Congrats! The first one is the most important. Keep at it.

1. No right or wrong way to buy. If you are comfortable parking a lot of cash into a property and do not have any other investment lined up, then so be it. I would recommend having a plan lined up to pull cash out when needed. Refi or HELOC.

2. Condos can be good investments. Figures out my condos have had the most appreciation over the last 8 years. Personally, I can't wait to 1031x into a multi. I'm looking to regain control over what the HOA does and part of the HOA fees goes toward capital reserves which you do not get back if unspent when selling.

3. Not that I know of. A solid RE broker specializing in investments will can handle or coach you through most of it. Setting up LLCs is attorney territory.

4. Always pros and cons. Here is a few: trading your time to have an expert run the property who keeps on top of all the local law changes. However, no one will ever care as much as you do about your properties. Generally folks can handle 5-8 on their own with processes in place. However, if you have a demanding and successful career, you have to weight your time's ROI.

5. Yes it does. Best to connect with a broker lender for those details. If you connect with a RE Broker specializing in investments, they will have the right lenders for your needs & strategy.

@Jeff Olsen

Welcome Jeff! Always great to see another local like minded investors.

@Eric Benz

Stick to your criteria for two reason.

1. The criteria is there for a reason, to ensure a successful tenancy and reduce your risk.

2. Fair housing: you must treat all applicants and tenants the same or it could be seen as discrimination.

One thing you could do is ask for a co-signer if the tenant does not meet your criteria.

Keep in mind, a bad tenant is always more expensive in the long run then a vacant property. This can be amplified depend on local laws and cost to evict.

@Christopher Macias

As much as can.