All Forum Posts by: Scott Wolf

My wife and I have been flipping one house a year in our local market here in Texas. So far we have been successful.

I am now to the point where I would like to begin looking into taking on more than one flip a year but I am running into funding problems. We have always used conventional funding but our local banks aren't fond of lending for investment properties. 

We have discussed seeking private money or possibly hard money but we have no idea where to get started. Any guidance or assistance would be greatly appreciated.

Thank you

Hi all,

I'm 23, bought my first three duplexes last fall (in a partnership, not the sole owner). I was in college at the time of investment and didn't have the bandwidth to take on a renovation, so all three properties were relatively straight forward: 20% down fixed 30-year, place a tenant, wait. 

My biggest takeaway from the experience is that we tied up a lot of capital for very little cash flow -- essentially, I don't feel that I put myself in a position to scale. I'd like for my next investment to be made with some sort of exit plan to recycle and reuse the capital put into it. I'd lean towards a BRRRR, but I certainly won't have enough capital to make a cash purchase for a while.

Where should I go next? Should I be looking at apartment complexes for better cash flow? Some sort of flip? I appreciate that it takes time to build passive income in real-estate, but I'm hoping there's a smarter way to go about it than saving up $50K to dump into a property that cash flows a few hundred a month. 

Would appreciate any advice regarding the direction I should go next. Another thing that might be an important factor is that I'm confident I could raise about $0.5mil in cash if I did want to bring on other investors who've expressed interest. 

Thank you,

Ryan

Hi everyone,

I'm looking for a DSCR lender that can help with a $115,000 loan amount. I’m putting 20% down, and the property is an investment rental.

Most lenders I’ve spoken to have higher minimum loan amounts ($100K+), so I’m hoping someone here has experience with a lender that works with smaller balances in this range.

Any recommendations or broker referrals would be appreciated!

Thanks in advance 🙏

700 - 720. 720 is more reasonable

 Right so FICO is still the hurdle lol. I have yet to find a lender who is flexible

Hello! My wife and I are current real estate investors looking to expand our portfolio into the STR market and we have identified a potential opportunity in the upstate of SC. Capital is always a major hurtle though, so I wanted to ask if anyone had any recommendations on how to build relationships with private lenders or knew anyone that would be willing to walk us through the private lending process. Any advice would be greatly appreciated! We haven't done anything outside of conventional lending so this would be a new journey for us, but we're excited to learn!

I've become a little more active here in the past few months. As I finish up my latest deal, my next step would be to maybe try a flip.  I wanted to connect with wholesalers and lenders with knowledge of pre-foreclosures. I would appreciate any input or connections you all may have. 

I am located in North Metro Atlanta.

I have a nice portfolio of my own properties and have a bunch of Airbnb and multi family homes. I have been a real estate broker for 16 years and have experience from apartment rentals to commercial leasing and sales. 

I am new to Boca Raton and starting a brokerage here. I still have a brokerage with agents in Boston MA. I will also start to advertise for business brokering as I already have 2 listings for sale.  

Right now since I am just getting going I would be a huge asset to a buyer who wants something specific. I will go out and hunt down exactly what you want off market. Many of the homes I purchased myself were specific target homes that I scooped up off market. 

If you play tennis or golf even better. Lets network over a game!