All Forum Posts by: Nathan Murith

@Vivian Sung, since we do not have the complete picture here, it's hard to do a more in-depth analysis.

From what you are describing, it sounds like an approximately $285k purchase price?

What are you expected monthly income and expenses? Based on your description, I guestimated $5k monthly income and 50% of going to expenses.

It is totally possible that COC is better in one scenario with the other producing more cashflow. This simply means your money is working harder for you in the 10% down scenario than in the 25% down scenario. Your are putting down less of your money to get a return.

When you put more of your money, that money produces more cashflow but doesn't work as hard.

This is where you need to know what is more important to you: high cash on cash return or higher monthly cashflow.

Hi @Vivian Sung, this may be a dumb and obvious question but is there a rate difference for the loan at 10% vs 25%?

There typically is and should be…

What is the rate difference and how does that change your monthly payment?

@Greg Cook happy to refer who I work with. Don’t hesitate to DM me if interested.

Hi @Janelle Sandoval,

It really depends on your goals and comfort levels.

As Sarah Weaver likes to say: "Live where you want, invest where the numbers make sense". We very much subscribe to this.

As Luis mentions above, if you have the opportunity to house hack (buy a condo and rent out rooms, buy a duplex and rent out one unit), that would be a great way to get started landlording, getting on the property ladder, and not having to go out of state.

If it helps, we have done both local and long distance. Today, we focus mostly on long distance and our rentals are spread across the Midwest and Europe.

Happy to share our learnings, mistakes, experiences, tools, tips, tricks, and anything else that may help. Do not hesitate to reach out, connect, and DM me.

@Anna Kate Kingston, welcome to BiggerPockets and congratulations on doing the work!

If you have not thought about and set your goals yet, I would start with that. Once you understand that, as Jeremy said above, I would pick a strategy/lane and stick with it. Real estate takes time and it will take time and transactions before you become proficient in any one strategy. If you look at all the options and chase the shiny object, you will likely get nowhere.

In either case, I would be happy to look at, walk and talk you through any and all deal analyses you want. We spend a few hours each week giving back to the community and I love to analyze deals 😀

If you want to chat more, do not hesitate to reach out, connect, and DM me. Happy to help! 

Welcome @Jonah Reynolds and congratulations on doing the work.

As Dion Talk Financial Freedom says: “it’s always a great day for a good deal”.

Basically, it’s always a good time to get into real estate if you are getting a great deal. What would you wait for?

We are actively buying today, we were “yesterday”, and will be tomorrow.

Happy to share more my thoughts is you want to chat more, do not hesitate to reach out, connect, and DM me.

@Nicholis Campbell welcome to BiggerPockets!

I would start with this read: https://store.biggerpockets.co...

Then start hanging out with other investors, meetups, facebook groups, etc.

Pick a real estate investing lane (there are so many ways to be successful in rea estate) and stick with it.

We have a bunch of other resources, tools, tips, tricks that I am happy to share if you are interested. Please reach out, connect, and DM me.

@Luisa Trigo welcome to biggerpockets!

Happy to share the people we work with and love.

Do not hesitate to reach out, connect, and DM me.

@Scott Goulet

What kind of property is this? Small multi? Single fam? 

Did you validate the $2503 rental income?

For a $171k purchase price, is there no make-ready costs?

Also did you get confirmation on that 6% interest rate? For investors, they are likely closer to 7% these days.

I guess more information is needed but if all your numbers or correct and validated, great deal!

@Jerry L., as Luis said, short answer is yes.

Each individual has up to 10 conventional loans they can take in their own name.

When we got started, we made the mistake to take the first couple rental property loans in both my wife's and my name. That ate into our 10 conventional loans we each get. You live and you learn :-)

Subsequently, we took each rental loan in one of our names so we could maximize and get up to 20 conventional loans.

I realize that is not what you are asking but figured I would share so others don't make the same mistake.

PS: yes, you can have the loan in one name and the property title in both names, if you so choose.