All Forum Posts by: Nathan Murith

hey @Matthijs Pol welcome to BiggerPockets and congratulations on doing the work! Well done reaching out and introducing yourself! I still remember when we were getting started, so exciting!

Do you have any sense of what kind of real estate investing you want to do? 

We invest remotely in the Midwest and love to talk all things real estate. We set aside a few hours a week to provide help to people getting started, share our resources, tips, tricks tools, all in the spirit of giving back.

If you want to chat or want me to share these resources please do not hesitate to reach out DM and connect.

hey @Alejandro Cuevas welcome to biggerpockets and congratulations on doing the work! Well done reaching out and asking for help great way to start!

I still remember when we were getting started and I did not have the courage to just reach out like you did!

In any case, we love to talk real estate and to help people get started. We set aside a few hours a week to just to help and give back. We have nothing to sell.

Please do not hesitate to reach out, connect, and DM me. Happy to help get all those roadblocks taken care of! You're not alone, you just need to talk to the right people and it will get you sorted and on your way to financial independence and freedom.

If we can help, share our tools, tips, tricks, resources, network, etc please do not hesitate to DM, connect and reach out! 

@Quinn Hahs welcome to BiggerPockets and congratulations on doing the work. Exciting journey! I still remember when we were getting started. We invest remotely in STL, MO, happy to share any and all tips tricks tools resources we have. We love to talk about REI and happy to connect so please do not hesitate to reach out and DM me.

KC, MO is a great market too, we know a few folks that invest there and have been looking ourselves.

Hi @Andy Vasquez welcome to BiggerPockets and congratulations on doing the work!

Cash flow and cash lowing markets depend on a lot of things, not just your down payment. Rents are a major factor, obviously!

Usually when people say "the area (or market) is great for cash flow" it's when comparing cash flowing vs appreciation markets. For example "the Midwest has more cash flowing cities than the coasts", "you can't cash flow in New York or San Francisco". That is often how it is heard.

There is a lot more to say about this topic, a lot of variables and things to consider or talk about. I want to make sure I understand what you are asking. In any case, happy to hop on a call to chat if you want. In any case, please do not hesitate to reach out and connect, DM. Happy to share all the tools tips, tricks, resources we have.

Hi @Jarreau Jackson welcome to BiggerPockets and congratulations on doing the work!

Just want to make sure I understand what you are asking and answering the right question. Are you asking do these numbers work? Or how likely is it to get a seller finance deal like the one you describe? Or both?

In general, owner-financed deals can be great. One of the great things about them is the terms (rate, length of loan, down payment, etc) can be pretty much whatever you and the seller agree to. That said, they often take time and a lot relationship building.

Did you find a deal with the terms you describe above or are you saying you’d like these terms on this deal?

With owner-occupant rates today close to 6%, I am not sure why any seller would want to owner-finance at 2%, they could do a lot better. That said, maybe they are looking to offload the property.

In any case, happy to discuss more if you would like, do not hesitate to reach out, DM and connect.

@Grant Booze welcome to biggerpockets and congratulations on doing the work!

I remember when we were getting started. Super exciting times! 

Any sense of what real estate investing you would like to get into? In any case, we have compiled a list of resources, tips, tricks, info, tools that we liked when getting started and still like today.

Do not hesitate to reach out, connect and DM me! Happy to chat and share any information we have!

@Adam Pervez welcome to biggerpockets and congratulations on doing the work!

It seems like you have a solid idea of what you want to do which is great.

Please do not hesitate to reach out, connect and DM if you would like to chat more.

Cheers!

@Andy Vasquez welcome to biggerpockets and congratulations on doing the work!

There are many ways you can tackle this goal, do you have any idea of what type of real estate investing you'd like to get into?

Have you already identified a market you would like to work in?

In any case, happy to connect, chat, and provide any information we can to help you get started. I would love to learn a bit more about you and your goals. If you want to chat more, do not hesitate to reach our and DM me.

Cheers!

Hey @Blesson Biju Alexander . welcome to biggerpockets and congratulations on doing the work.

Strictly speaking, cash-out refi do not only happen because of rate drops or increased value. If you wait long enough and you have a lot of principal paid down on the property (i.e. you own less on your mortgage) you could cash-out refi even if the rates are the same and the value did not go up. It right that cash-outs are typically easier and better for you when rates go down and/or values go up.

For the exact details, you need to talk to one or several lenders. Typically on a cash out refi, most lenders (there are always exceptions) will not let you take out more than 75% of the home value. So if the house is 150,000, 75% of that is $112,500. If you still own $60,000, that means you could potentially cash out $112,500-$60,000 = $52,500 minus fees etc. But again it will depend on you, your financial situation, credit score, the lender etc.

In any case, happy to hop on a call or chat about this in more length if you would like. Always here to help people get started. Please feel free to connect, reach out, and DM me.

@Jace Timmer welcome to biggerpockets and congratulatios on doing the work! 

It will vary from market to market and really depends on what you potential tenants look for or value more. You could talk to a property manager if you haven't already to see what they think.

that said, an extra bedroom will typically bring in more rent then backyard and a garage. at least that is what we see. That is also confirmed by looking at the local housing authority rent rates. They are a good benchmark for see what miniun you would get on housing. and for most housing authorities, rent is based on the number of bedrooms, not garage backyard or bathrooms for that matter.

you could look into those things.

in any case, please feel free to reach out, connect and DM if you want to chat more, happy to help.