All Forum Posts by: Antoine Martel

 You're absolutely right. You know your stuff. Some of the rehabs that I do only have $5-10k rehab. So I can pull our 100% of my PP + Closing costs and then I leave about 5-10k in the deal. It only works for specific deals and for projects with major rehabs you're right it doesn't make sense. 

Charles.

Are you looking to flip these homes, buy and hold, or BRRR?

Mark.

I think you need to find a lender who can do it before 6 months. There is a rule in Fannie Mae which says that if you are doing the BRRR strategy you are allowed to pull out a certain amount of cash before the 6 month market.

I invest in cities across the USA and have teams there who handle everything on the ground. Ways that we have been able to do 10 BRRR projects this year is that we have sold some of our rental properties to other investors. Then with this profit we have been able to either do it again or do the traditional BRRR.

Candace.

I have not invested in Albuquerque and have not heard much about it. I live in LA as well and invest only out of state. I invest in St. Louis, Memphis, and Cleveland. Ill connect with you so that we can chat some more about how we can work together. 

Tasha. 

Great question. Austin is a great city but you're right, its too damn expensive and hard to find good CF. 

I would start somewhere in Ohio or TN.

Shal.

I have a tool that I use to analyze these types of situations. Personally, I would take all the cash flow that you are currently generating and pay off the rental that you own which has the lowest mortgage on it. This will help generate some more cash flow and then you can use that extra cash flow to pay off your home. Finally you can use that cash flow to pay off the rental of your fathers. 

I have a portfolio out of state and do that with my portfolio to speed up the process. 

Rigo.

Great question.

Ill DM you. 

Trina.

Great question. What is your mortgage % on the condo? and how much cash do you have available? What are your goals? These are the questions that you should be asking which will help you weigh what the right decision for you is. Having a mortgage at a 5% interest rate and then investing cash into a rental property for 20% is a great decision and there would be no need to pay off the mortgage. We do these all the time with investors. 

Craig. 

This is very interesting and I have not heard of this before. If you are looking to lend your money overseas for just 10%, why don't you just lend your money in the USA to another real estate investor who can pay you 12%. You can even find a REI locally who you can go and meet!

What was the interest rate on the FHA. If you can do a conventional, and have the cash for the downpayment, I would do conventional.