All Forum Posts by: Nigel Guisinger

I think the much more like thing it a long term platuing of price with increased rate. The issue it that historically real estate was based on a true cost basis and later cap. But not the cost to build had raised so much it would be hard to buy the materials for what the asset values are. This is what is going to keep prices up. Because more homes must be built to solve housing issues both for the average person but especially at the lower income levels. So the result is that prices can’t drop because the parts to make the sum aren’t dropping in cost. 

You would have a better chance going after their E and O policy. 

Usually seasoning is only needed if you’re taking out cash above the current loan amount. To get around this do your purchase as a line of credit which then gets everything listed as debt including your down as a note due back to buyer. Doing this allows for a loan to be deemed a standard refi vs a cash out refi but you are getting the cash for a brrrr. 

10m cash buys 40-50m in real estate. I’d do heavy value add and buy 25m a year worth each year on a two year churn cycle with a minimum of 25% equity build and 10% cash on equity position. That gets you 500k cash flow year one 1m year two and so on as you continue and revolve that cash. After year 5 you have 2.5m cash and 31m equity on 125m in real estate. 

There are three parts to every deal. There is price, rate and duration. If you use a bank the bank will set the rate and you pick duration. The price is negotiated between you and the seller. This means the seller gets less and the buyer pays more because some money is going to the bank. The more you keep going to you or the seller the better. 

Run the first one if they pass your qualification, refund the others. Put them in order of who returned the full application with app fee in chronological order. The last thing anyone should do is to be shady and keep unnecessary fees. That gives good landlords a bad name. 

The investor lab events are always great events. Great education put on by smart investors. I highly recommend 

Long term. We are looking to relocate. 

I am in need of a lender for a single family home purchase in the Springfield, Mo area. I am self employed and my taxes are extremely complex because of multiple business entities and depreciation schedules. This means I need someone that understands and can navigate a more difficult lending path. I am very experienced in real estate and investing. I have a team in Oregon where I currently live but am moving to Springfield to be closer to my real estate investments in that area.  Thanks in advance.