All Forum Posts by: Nathan Frost

I can tell you right off the bat that this person is misrepresenting how you actually calculate cashflow. 

You simply aren't getting $500/mo net cash flow for door with S8 today in any market. 

It's likely they aren't including all expenses including property management, taxes, insurance, mortgage payment, and capex/vacancy/repairs holdback. 

I've spoken with a few people that have taken his course (I think $5,000). There's not much there that you can't learn with free online resources. Section 8 isn't a magic bullet nor is it all that complex.

I echo what @Jon K. said... if you're still interested after doing some additional due diligence, try starting with 1-3 as opposed to jumping into 10. You may not like the space so it may be better to put your foot in the water first. Also, as you're meeting this person through IG I would be sure to have all legal precautions and real estate attorney in place for transactions as you don't know this person from a hill of beans. Can they provide examples of clients they've worked with before, how do you know they're legit... all the things.

- G

@Nathan Frost

For private lending their is AAPL, NAPL and Geraci

That’s conferences most PML’s go to so be a good place to meet them.

Honestly private money is not hard to find if you have the credit and down payment amount.

The latter is the reason why most cannot get funds

 Who'd you use? And how much did you pull out?

A broker with have a 10% down program for second homes!

Who here is making 2-3x returns on their STR? I want to know what areas in the U.S. are hot. I have a full condo of furniture and have to move it somewhere to STR! Obviously I want it to be fully legal and licensed. I would love your experiences because my alternative is to spend a ton of money on airdna data! Thank you in advance!!!

@Nathan Frost

The reality is you may not be ready for real estate. Despite claims otherwise no money down deal are the rare exception. Any strategy that comes with no money down increases risk of failure. 

That said perhaps Brandon Turner's book on no or low money down investing will help. The key strategies are: partners, private lenders*, and owner financing, but there are many others. 

* when I say private lenders I mean true private lenders; people who lend to you becuas they know and trust you. I do not mean industry profesionals that have co-opted the name "Private Lender"