All Forum Posts by: Kayvon E.

@Bob Okenwa @Katherine Blazer @Andrew Postell Thank you so much, all three of you. Greatly appreciate your time.

@Andrew Postell Yeah, see I definitely was hoping to take advantage of the low down payment... that was the idea behind the FHA loan. Wasn't planning on a cash out refi, not even planning a rehab. Just trying to be competitive on-market while using my FHA. Anyway, you all three bring up good points, and probably the most important of all is to have this convo with my lender. Was just trying to get some investor insights here.

Thanks all!

Can one buy a property on market with cash then get an FHA loan after closing? Trying to be competitive in this market, and I know my FHA offers are going to be ignored. Any insight here? Thanks in advance!

@Stone Saathoff Btw... are you wholesaling multifamilies? If so, would love to be on your list.

@Stone Saathoff Okay, great. Found him on google. I'll give him a ring and tell him you sent me. Thanks, Stone!

@Betty Cruz Okay, wonderful! I'll connect with her. Thank you!

Hey all! Looking for an investor-friendly, highly recommended broker in San Antonio.

Also, please say hello if you're in the SA market. I'll be there in December and January looking for multi-fams and building a team. Would love to make some connections.

Sounds good. I’m headed to work, but I can drive by this afternoon if you’d like and give you my input. My office is in NoHo, so I have a firm grasp on what’s going on. 

You can also request an Estoppel Certificate. Basically a form that the current tenant fills out to verify that their understanding of the lease aligns with the lease the owner provides you. Sometimes owners change leases without notifying tenants... for whatever reason... possibly to make the property more desirable to buyers, etc. 

You could also request the Utility bills to see what you’re getting yourself into (if you’re going to be paying for any of them). 

Also a trick I learned from the BP podcast... get some alone time with the tenant and ask them to dish on the property. Are they happy? What are it’s quirks? How are the neighbors? What’s broken?

Hi Sammie,

Looks pretty decent. Obviously I’d shop around a bit more. That may be the only way to get a real answer, unless there’s a lender here who can beat it. 

Are you buying any more in North Hollywood? I’m an investor and live in Valley Village (3 minutes from Noho). Let me know if you need any help from a local. I could also be a boots on the ground if you need. 

@Rick Reeder All great to hear. Fascinating too. Yes, I’ll keep you in mind. My ex gf who I’m still great friends with JUST bought a house in Austin. Missed you by about a month. I’ll let you know if I hear of anyone else.