All Forum Posts by: Drago Stanimirovic

Ofir, you're on point, Port Charlotte's seasonality makes a mixed strategy smart. Rent-by-room in peak season and full-home STR in the off-season can balance cash flow and occupancy. Just be sure local zoning allows it and factor in rising insurance costs. If your friend holds, DSCR refi based on rental income could be a strong exit later.

Ofir, you've got hard-won experience, and that matters. In your current situation, focus on rental arbitrage with landlord permission while rebuilding credit. For ownership later, seller financing or JV partnerships can work, especially in TX, TN, and even here in FL. Once you're 2 years past bankruptcy and have stable income, DSCR loans could be your path back in, as they're asset-based and don't rely on personal income.

Chris, you're thinking like a pro already. You're right, the Bay Area rarely cash flows and carries high risk for a first deal. Out-of-state can work well if you vet markets, property managers, and contractors carefully. Many investors build strong portfolios that way. Spend your next 100 hours on deal analysis, DSCR loan education, and how to vet out-of-state teams. Happy to support you on your journey!

Frank, you're in the right place and mindset. Real estate can absolutely be that next stage you're looking for, especially if you're focused and ready to learn. Start with one solid deal, whether it's a wholesale, flip, or rental, and build from there. The key is education, action, and surrounding yourself with people already doing it.
Happy to support you on your REI journey!

Robel, great initiative, nothing beats real-world exposure.

Start by offering value to active investors: help with lead generation, data entry, or property research. Local meetups, REI Facebook groups, and BiggerPockets are solid places to connect. Be upfront, you're looking to learn and support, not just shadow. Good luck!

Kaci, you’re on the right track.

You don't need a $9K course, wholesaling is all about consistent action and learning as you go. Form your LLC in the state where you'll operate most (Texas is solid). Just get a clear operating agreement since you're partnering across states.

Good luck on your REI journey!

Sean, welcome.

For contractors, tap into local REI meetups and referrals, reliability and investor experience matter most. If you're seeking funding partners or capital, be clear on whether you're looking for equity, debt, or financing.

Reese, buying on-market isn’t bad at all, it’s just more competitive. Off-market deals are preferred because they often come with less competition and more negotiation room, which can lead to deeper discounts. That said, if the numbers work, a deal is a deal—on or off market. Let me know if you need any help on your journey!

You're in a strong position owning it free and clear. Since the bank denied you, consider a private bridge or rehab loan based on the after-repair value.

Hi Max,

1. No, starting an LLC doesn’t disqualify you from FHA, but the loan must be in your personal name , FHA is for primary residences only.

2. DSCR loans are for investment properties only, not owner-occupied. You can’t use them for a primary residence.

3. If you're house hacking, go FHA , low down payment, up to 4 units, and rental income helps you qualify. Conventional with more down gives equity upfront but ties up cash and may not be ideal early on.