All Forum Posts by: Nathan Murith

@Mordy Chaimovitz congratulations!!! well done! Exciting part of the journey!

Do you have details you feel comfortable sharing?

hello @Anna Johnson,

Great idea! I have always found more success grouping together with like-minded individuals who are looking to raise the bar.

We have a portfolio of LTR out-of-state, and would be happy to share our experience and be part of your group. We try to set aside a few hours each week simply to give back to this amazing community.

Let me know and please do not hesitate to reach out, connect and DM me if interested!

@Alesha Irvin happy to help and have a look. if interested, do not hesitate to reach out, connect and DM me.

@Jungae Park welcome to biggerpockets and congratulations on doing the work.

We've done plenty of cash only deals just to secure the deal. either to get a better price or because it was a cash only deal. what we did is purchase cash, close, and then immediately thereafter cash-out finance the property to get 75% of our money back. a.k.a. delayed financing.

when that is done they do they cash-out based on purchaser price. if you wait 6 months and do a cash-out, they would do it on the appraised value (good if you think the value is going up and you do not need the cash on hand).

Your cash is locked in a bit longer but delayed financing is great. 

please do not hesitate to reach out connect and DM me if you want to chat more about this

@Alesha Irvin I would agree with Rick!

At the end of the day, the rate is just the cost of capital and is simply one variable in your equation of looking at a deal. It just means you have to find the motivated sellers to offer less.

 Hi @Karmen Wong, we’re practically neighbors:-) we’re over in Marin County right now.

We specialize in investing out of state and set aside a few hours each week helping others get started.

I’d love to connect and help out if you are interested. We have a bunch of resources we can share. If interested, please do not hesitate to reach out, connect, and DM me.

Looking forward to seeing your success!

 @Joshua Mason I’ll DM you

@Joshua Mason have you used deal analyzers or calculators? there are some pretty simple ones out there, including the biggerpockets ones that really help you capture all the necessary numbers and runs the analysis for you.

We use a couple, happy to share any of those if interested.

hey @Cross Colgrove, first I want to start with I do not know the Indi market, so that needs to be taken into consideration.

First thing that stood out looking at the report is the refinance rate you have in there at 3.5%. is that a rate that you have validated and are confident you can get at the point in time you plan on doing the refi? That seems incredibly low for today's lending environment! the average 30-year owner occ rate as of this writing is 6.504%

Second, again not knowing you market, the few things that I would validate thoroughly are:

1. rent rates and potential rental income (did you validate this with local property managers, rentometer, housing authority, apartments. com, etc)?

2. did you validate the property taxes by calling the county assessor's office? those could vary tremendously based on a number of factors (owner occ vs investment, local, vs out of state, etc)
3. maybe I missed it, but I did not see a line item for property insurance in the report, what will that be?

those would be the first few things I would validate. You could also get better vacancy estimates and repair ballpark figures if you talk to other local investors or property managers.

in any case, I hope this is helpful, sorry cannot add much more without more context or knowing the market. happy to chat more if you want, so do not hesitate to reach out, connect and DM me.

@Artur A. 

Unless you have done this in the past and have a solid team ready to execute on the BRRRR, I would consider it a full-time job. :-) I wrote this a while back:

BRRRR is such a fantastic advanced strategy, it has so much potential for growing your portfolio with minimal amounts of your own money when it goes well. It is not something I would personally recommend when getting started, even more so if it is remote where you do not have access to the property to oversee the project and learn from it. There are so many things that could go wrong in a normal BRRRR, this raising interest rate environment adds a layer of risk and complexity to the whole thing.

It sounds like you have have your hands full already :-)