All Forum Posts by: Nathan Grabau

What metrics are you trying to hit? With high interest rates, I know that I have to look at buy and hold properties differently than when the rates were low. 

Because there are not interior pictures, it is hard to guess the condition of the property too, so that could be throwing your numbers off. 

There are some people that are just priced too high and a deal cannot be made. This is why cash flow markets (vs appreciation markets) are so hard. Your numbers are so much tighter because appreciation hardly helps you. I can put 3% appreciation per year in on a 500k house over the next 5 years and I am probably low. On my low numbers, the house will be worth 580k 5 years from now with no renovations. That 80k over 5 years is an extra 1300 a month of wiggle room I can pad my numbers with. 

That is at 3 too, our long term appreciation is closer to 4.5 and that is before rates drop and give us another overnight 20%. 

Thank you!  You do have to scrub the DNC list for text campaigns. I would also want to make sure you have a text engine that forwards calls to your phone so if people call you you can take the call. Be funny too, sometime simpler is better. 

I do not think that either of these deals are bad. For house hacking, I like the dilution effect, where more other people helping pay the mortgage(via rent) as a percent of the total property space, leaves you with a lower amount to cover yourself.

That being said, appreciation is where wealth is built, and my investment strategy is now focused on maximizing appreciation potential. I also like the new construction over the renovation. With the renovation there could be things you are inheriting that are not new, like bad sewer stacks, old roofs/ hvac etc. 

Your inspector is going to find similar things to what the first 2 people found. Low dollar properties like this are really hard. It is kind of like buying a $1,500 car, if the transmition goes you might as well sell it for parts. If you have a roof that needs to be replaced or a hot water heater/ a/c/ furnace that all goes out at the same time, you might as well just dump the property. The owner likely does not have the cash to handle upcoming or already necessary mainantence. 

Are you opposed to making a second FB profile? 

 Just pushed it out a few weeks ago and am expanding it. 1500 leads that are on an 8x8 and have had 2 listing appointments. Original list was just MF owners, and I am now going to do one targeting 8k regular home owners. 

Hi Zach, I am a REALTOR in Colorado and I am happy to get you connected with my go to GC. He actually has an Architecture firm here in CO with its flagship office about 45 min North of Denver but is working on expanding his Denver office. 

This certainly sounds possible. Personally I would recommend buying with a 5% down convention loan, then while you are living in that house use the FHA program to build the 3 or 4 plex that becomes your primary. We have some pretty restrictive STR laws in many cities, but I could help you find a property that you would be able to use as an STR after you moved into your new construction MF property to maximize cashflow. If you would like me to get you in touch with my friend send me a DM and I will share his contact privately.

You should be fine with the ask for forgiveness strategy here. I would just make sure that you maintain a liquidity position where you can pay the amount you should have paid if the state requests/ demands it.  

I generate lists of owners/ homes through batch leads, skip trace through fiverr, then run through the do not call list with fiverr too. I am a KW agent so I then upload the DNC scrubbed list into Command(that is our CRM) and use Twilio which we have connected to Command to send an auto text campaign to the leads. 

If you have the capacity to invest in your local market you are going to be better off, especially in the Bay Area. It is going to be really hard to beat the long term prospects of Silicon Valley, especially as we go into another start up super cycle powered by AI.