All Forum Posts by: Levi Blum

House hacking is a great way to get started in real estate, especially if you are handy, that will be a big help.

Buy a 4 plex and rent 3 units and use one for your self.

Adam,

I am a lender and for commercial real estate for the past 36 months, and you do not need to have a license.

@Christian 

@Christian Ehlers You are right, but it is not rocket science to do a flip, you just to do the math and not emotionally attached to the idea.

 @Adam Bartling how easy it is to find a lender that would fund a project in a rural area?

I represent 6 lenders and I do not charge any fees, and I could not find a lender that would work with rural areas, and I do get request for it.

STR, according to experts, they claim that since Covid where flying was restricted and no one was going on vacation, it has put a dent in the STR market, but now that even people from over seas can fly to the US, it should boost in STR market even more.

I would mot recommend fractional ownership, but I would recommend to do it for down payment, meaning if you borrow $20k for the down payment and pay back $28k 6 months later for example, that would  help new investor to get access to money to purchase, otherwise I would recommend to go solo, unless you need someone that has more experience.

Rates are going up, but you can still find a deal out there, it might take you longer to find it, and you have to do the math properly to make sure that you can not only pay for the mortgage, tax and insurance, but also make a little profit at the end of the day. 

@Account Closed Wholesaling is easier, but flipping a property, if you have the right contact for a contractor and a lender and a insurance broker, and you are able to do your math properly, you might make more money in the long run. please, feel free to reach out to me privatly.

Five real estate investment markets to keep an eye on for 2023 according to expert and Market & Trends

1. Recovery of the Short-Term Rental Industry

2. Stronger Demand in Secondary and Tertiary Markets

3. Growing Interest in Long-Term Airbnb Rentals

4. Rise in Fractional Rental Property Investing

5. Technological Advancements

I would love to hear from investors if they agree with it.

Joe,

As a lender if you do a cash out refi on the current home, you will have a monthly payment to repay it, plus a second loan on the purchase of a new home, I am not sure that it make sense, unless you have made the calculation.

I would love to hear what are the going prices in your area.

8 Numbers For Evaluating A Real Estate Investment 

1- Your mortgage payment

2- Down Payment requirement 

3- Rental income to qualify

4- Price to income ratio

5- Price to rent ratio

6- Gross rental yield

7- Capitalization rate

8- Cash Flow.

The bottom line, 

Once you have made all of these calculations, you can make an informed decision about whether a particular property will be a valuable investment or a lemon.

Please, feel free to reach out to me for free advise.