All Forum Posts by: Mark Albini

Have you worked with a commercial lender/broker? I'd contact one to see what they can do. Some banks lend out privately and don't have to follow Fannie Mae regulations, because I cash out as soon as I can. Sometimes within a month of purchase. 

@Patrick Froehlich better late than never. Listen don't let age get in the way of making a good investment. I helped a lot of OOS investors that are just starting in their mid 50s expand here.

Most of them from California where it's too expensive for a 20% down payment on a home.

I have specifically helped one gentleman who is 57(either 56 or 57) get 3 rentals this year for only 30k invested. Producing a cashflow of little over 600 a month profit. (after expenses).

I'd love to discuss with you more your goals and how to work towards those goals.

@Andrew DeWeerd your local credit unions are more likely to lend out like that. Have you tried them?

@Dominique Mickles you might be able to do it those other ways. Square is just a credit card processor though. Like if I was to charge a client for services and they wanted to use a card.

@Scott Tangney if I was to do it all over again. I would've moved to Evansville Indiana sooner to pursue my investment career. I am a licensed agent here and have been getting rentals at great deals. Some as low as 14k! No joke. This is even a awesome market for flip homes. I'd love to talk to you more about it if interested. :)

@Dominique Mickles here's a really easy way to do that but it'll cost some money.

Go to square.com. Setup an account that'll deposit into your bank account and charge yourself. You'll get the money in your account. It'll cost you 3% of the amount + your credit card interest.

Idk any legal implications or how the credit card company feels. But I have done this for basically a "cash advance"

Not to change your plans but have you ever looked at evansville Indiana? SFR I'm the 40-75k range cashflow between $150-300. The down payment on 50k homes is obviously substantially lower. The rental market is extremely hot as well. I'd love to discuss more if that's something that interests you.

I would really work with one agent and not others. Some may make you sign an agency agreement. Meaning even if you buy with someone else they are due a commission. Using multiple agents just muddys up the water to be honest. 

@Dan Thomas don't negative cashflow. Change your market to suit your needs.

Whats the price range of homes are you looking at?

@Victor Tejada what's your overall goal? To generate passive income or the fix n flip?