All Forum Posts by: Maxwell Jacas

thanks, I expect pain with pleasure

Or

Find any bank that will finance my first deal, try and repeat the process a few times and when I need a portfolio lender just start searching when I cross that bridge.

@Charles I will get my first property I'm a college town 2hrs from the city. I figured I would get my toes wet that way.

Thanks for the insight @Steven J.....thats a good point, figuring out what the next actionable item.

Great!!! So, no need to worry for now with this first deal, just do a conventional loan is the jist i guess. Thank you so much @Lynn McGeein

Thanks @Rod F., you gave me the answer to a question I should be asking, "What paperwork should I have in hand when I go to a bank for my first investment. You stated rehab analysis and suspected rental income.....anything else I would need to make my loan application stronger?

Ive been reading some information that says banks want you to have Property mgmt. experience before they will give you a loan for your first investment home.

is this true? If so, that would be a big deterrent.

Does 2 years as a below average Licensed RE salesperson in NYC count? (btw, no longer licensed)

Spending most of my time saving and get my credit straight for my first investment and hit a wall.....just reviewing, reviewing, reviewing my "buy and hold" plan, until I couldn't anymore and then I hit a wall, until.....

Listening to podcasts that are up my alley, even though im sure they are all very informative, I leaned something to keep the motor running, "What is the next ACTIONABLE thing I can do?" I ask myself that question all the time, but I always considered everything I do was towards my goal but in essence, it just kept me in the same cycle. So, with that question and listening to other investors, new paths were shown to me and now im a little more comfortable with my strategy.

This post was to give praise to the podcast and how much appreciate this resource.

thank you all for the great info, I definitely will have a co-signer addendum.

never considered the "school provided sample", great idea.

yishi, I definitely will incorporate some of your ideas into my leases. 

This was all very very helpful...thank you again.

does anyone have a sample lease for off-campus student housing?

I would like to use it as a template for my leases.

Thanks.

Thank you @Matthew Weiser .... Im not sure if your deal with properties outside the state but maybe I can pick your brain one day.