All Forum Posts by: Marc Rice

@Paul Primrose

@Brandon Goldsmith

@Samuel Hoston

Seller financing/land contract

@Russell Williams

Maybe search for another investment first and try to structure that acquisition without having to sell this property. If out of last resort you need to sell this one single family to get you into the new deal which should be a multi family, then you may consider. Otherwise just cash out refinance and use that money towards your next down payment.

Just my opinion, I’m younger so don’t like selling but rather just acquiring more.

@Jesse Krall

$72,500 or $7,500/mo?

You can analyze them individually and add it up or price it based upon portfolio performance with general operating expenses allocated across the board.

Usually 1% rule is a good rule of thumb in most markets, I’d recommend asking someone local.

@Gustavis Martin

Buy real estate. You can do an owner occupied loan on a 2-4 unit for as low as 3-5% down.

@Amelia Ghold

I always recommend doing an owner occupied low money down loan since you're putting 3-5% down and are seeing insane CoC returns. But in your case without an income you won't qualify.

The other option is to have a family member co-sign on a single family owner occupied loan (2-4 can’t do non owner occupied coborrower) and then house hack by the bedroom.

You could also partner with someone who has a W2/is loanable and provide 1/2 of downpayment and split responsibilities.

Other option is just buy cash, could borrow a small portion for the remainder you don’t have privately.

@Carl Dispoto

Surround yourself wit investor friendly agents who own rental property and you’ll learn a lot

@Gabriel Lopez

You’ll want to start backwards.

1. How much money do you need to be making in rental income to leave your job in 3 years?

2. What’s the average rental income you’ll earn per a rental property? How many do I need to purchase?

3. How much cash will I need to purchase those said rental units?

I recommend finding a local investor friendly agent who can help you analyze deals and bring you deals also. Especially being new to the area you’ll want a local guide

@Mike V.

Did you see their offering Airbnb hosts initial stock offerings? Was tempted to do that since we host a lot of units and would be nice to have an interest in the growth of Airbnb, but concerned on their financials and government restrictions

@Justin Franklin

I can only speak from research/videos. The biggest risk you face is the due on sale clause being triggered causing you to have to pay the entire note.

That also isn’t much cash flow, what if there’s a vacancy or any capex? YouTube has some great deep dives on how Sub2s vs Land contract vs owner financing works.