All Forum Posts by: Kerry Baird

No, I try to stay in the warmer parts of the country, and have had property in Arizona, Texas and Florida.  

Nice project~ Good thing the market turned for your benefit! :D 

There are still deals to be found, as people need to sell for many reasons. I like seller financing where I can find it. At some points this year, the DSCR rates were similar to conventional. We just need to find the right financial tool for the right property.

What are you doing for financing?

Sounds like you have learned and grown during this process.  Friends and family have a place, but I like them at the dinner table rather than mandating they help me with rehabs.  Oh, I see that your DH will be leaving work to focus on rehabs.  I prefer that mine keep his W-2 which helps with conventional financing.  

How did the HML part go? Was the house bad enough that you needed to use hard money? Or you knew that this was a flip and HML made sense for that reason?

What kind of property and situation are you trying to buy? Do you fix and flip or is this owner occupied? I haven't used that source of financing, but there are a lot of options out there. I have used seller financing, conventional, and hard money lenders, and then DSCR mortgages.

Hello!  A warm welcome to someone who isn’t solely a lurker.  :D 

What is your best method to find deals in your favorite market?  Do you do direct mail? 

Will watch that unfold.  Thanks for pointing it out.

I haven’t had anyone tell me there was damage and also offer to pay to replace the door.  Guest owned it and is paying for it.  I would review favorably.

You are welcome.  I look forward to reading about your success!

Welcome to BP~

Be sure to find the STR section of the forums so that others can learn from your experience. Where is this one located?