All Forum Posts by: Kyle Momany

@Ariff McLaren 

As an agent, here are a few things I try to provide for my investors:

* Off Market Deals
* Deals already analyzed, with the data to back your numbers
* Creative Deals ( Seller Finance, SubTo)
* Value Add Deals

In the investment space, it's gonna take time to build trust with your investors. But, it's a compound effect where they keep coming back for more!

@Murray Reginald

If you're planning on BRRRR'ing the property you can always use hard money, then refinance. Just make sure you're being conservative with your numbers. Check out Kiavi. They are one of the most common hard money lenders.

Best of luck!

@Zain Jafri It sounds like you're on the right track with concerns!

A few things you can look into:

* Creative Financing - SubTo & Seller Financing. This can help with your monthly payments.

* Short-term/Mid-term Rental - Often provides more income than renting as an LTR.

I hope this helps!

@Kirby Baxter Congrats on getting started!

We'd need some more details on the property. This tells us it's hitting the 1% rule, which can be good. But, are there any HOA costs? Tax costs? Is $1300 average rent? Being used for college students, I'd budget more for repairs and higher occupancy. But on the other end, you might be able to rent it out by the bedroom for more.

Best of luck!

@Juan Mora Congrats on getting started!

It's hard to tell without getting more into the weeds of your analysis. For the first property, it looks like it's already under contract. But, it sounds like you're on the right track! I'd just confirm your rental rates, and analysis. You could also look at 10% down vacation home loans. 

Let me know if you have any questions. Jump on that next one!

@Tyler Suggs First off, Congrats on the (soon to be) marriage!

I'm not super familiar with your area, but here are a few things to consider:

* Short-term / Mid-term rentals - Would they cash flow better once you move out?

* Creative Financing - Try and find some seller financing or Subto opportunities! This can often be cheaper than current.

* Multifamily - Are there any opportunities for this?

Best of luck!

@Braden Nagy

I'd get connected with some local wholesalers, agents, and investors.

Find out where the opportunities are, and go from there.

Let me know if you've got any questions.

 Congrats on the starting success!

It's hard to say what will work without seeing your listing, location, etc. I'd recommend finding out where other investors in your area are getting bookings and focus on that.  For my rentals in Destin/PCB, 95% of bookings are on Airbnb. So, we spend 95% of our time optimizing our Airbnb listing.

A few things you can try is changing your title to something catchy such as " 2023 Remodel | Walk to Bourbon|". Obviously whatever it is, it has to be true. Guests love two things, convenience (location) & Cleanliness. 

I hope this helps!

@Friday Delorio

Congrats on the start of great success!

As a new investor, one of the top things you can do is find deals, and network with other investors. Bring good deals to investors, and let them partner with you on it, until you can start bringing your own capital.

Good luck!

@Account Closed has done a handful as well, including SFH & RV parks, if you're looking at the Tampa market.

Let me know if you have any questions. Best of luck!