All Forum Posts by: River Sava

Hey Kyle - 

 It’s a big responsibility, but also a huge opportunity. Since your parents seem open to your involvement, I would start start small. Focus on optimizing the current fourplexes (improving rents, reducing expenses). Build a solid track record with these properties before proposing larger moves.

Leverage your commercial experience to identify growth opportunities, and start building out your team. Consider bringing in an experienced property manager, contractor, or mentor to guide you through the process. Also, clear communication with your parents about goals, risks, and expectations will also help avoid tension. Good luck!

Hi Richard, 

Do you currently own/operate LTRs? What specifically are you trying to get better at? 

Hi Helena - 

This can be nuanced, but for DSCR loans there are a few options for you. Are you/your partner(s) foreign nationals or non-permanent resident aliens? Also, are you planning on going through an LLC? If so, then there can more flexibility there.

Happy to connect and chat further if you'd like!

Welcome, Richard - 

What property types / strategies are you intersted in? 

Welcome to BP Max, and good luck as your jump in!

Hey Marcus, 

Congrats on getting into flipping. Have you build out your team yet? If not, I highly reccomend getting that into place / netowrking with local investors. Also, are you going to be using hard money? 

Happy to connect and chat further if you have any questions. 

Welcome Thomas!

What markets and strategies are you intersted in? 

Hey Timothy, 

What part of NJ are you looking in? Happy to connect with you. 

Welcome to BP, Sebastien - 

I'm not too far away in TPA. Happy to connect with you, and good luck as you start out!

Hi Rob - 

With a 600 credit score you'll likely be around 65% LTV. Do you have a partner / multi member LLC? If so, you could potentially use a higher credit score. Happy to connect and chat further.