All Forum Posts by: Nate Larson

Free: I have a potential subject to deal but I don't know how or the means to make it work.  Seller is 8k behind and owes 100k. 

3 bed 1 bath 

Message me if interested,  I have no idea what to do with it.

Thanks bill! Just so I can clarify what you said, I would be better off waiting 18 mos vs 1 year?

I recently closed on a pair of houses with owner financing and was wondering how long I would have to wait to do a cash out with a portfolio lender. I haven't yet identified a lender yet so I have not been able to ask them and my online search has come up empty.

Thanks

Have you tried a smaller bank for a refi?

@Joe Fairless it's hair over $200 per door/mo.

Thanks @ryanm! I see you're down in Minneapolis, I'd like to eventually buy property down there.

Hello from Duluth. I've been a member for a little while and I've been so busy learning and getting my first deal done I forgot to post an introduction.

My name is nathan larson, I work full time and have been itching to get into re. Back in January I was trying to buy a rental from a family friend with conventional finance but since I got a generous gift from my family I had to wait for it to season. Fast forward to about 2 weeks ago, I was browsing Craigslist for re and I found a retiring investor willing to do owner finance. So on the 15th I will be closing on my first and second property. It's two sfr 3/1 right next door to each other. One was recently redone on the interior and was vacant. The other has had a Tennant for the last 3 years and willing to sign a new lease with me. Thanks to bigger pockets I was able to market and find a quality Tennant to sign a lease starting may 1st.

I'm excited that I have found number 1 and 2 on the same deal. I can hardly wait until I find my next deal. I am already ahead of my goal of buying 1 rental property this year and there is a lot of year left! Thanks for reading.

Nate