All Forum Posts by: Trevor Aydelott

Hey @Alexander Roeschmann honestly at 9% cash on cash return. I would rather flip houses. I don't know how many properties you have as rentals. But it can be hard getting a cash out return ( now I didn't look if you're putting 20% down) 

Bur regardless, the way I'm looking at it would you rather make $230 a month or a quick 10K. 

Lets say it was 5K you made off a flip compared to making $230. Divide 5K/230=21 months. Mind boggling I know. 

Now the only other thing to take into consideration is depreciation, which is gravy. So you need to find a happy medium of depreciation for tax purposes and stacking your money. 

My question to you @Arthur Voskanyan would be do you currently have a property you own? I'm thinking probably not as you're looking into an FHA loan ( now correct me if I'm wrong)

Now lets answer your question. Do you plan on living in it initially? 

Consequences are they can call the note due. ( Google that if you do not know what that is) 

Now I've been doing flips and buy and holds for years by myself. I now venture out of my own state. 

But I'm thinking that it could be beneficial to working with realtors in other states and co-investors. 

How do you deal with that? Have you done that? 

WF LO?

Alright so I was told from Wells Fargo that I needed 6 month reserves for my investment properties. First time I am actually hearing this from a lender. 

Now I also read somewhere there is a way around this like if your DTI is a certain percentage.

I know plenty of investors that have tons of houses. And I know they cannot have that much reserves. Especially as other lenders do not speak of this. 

So your thoughts on it? Ways around it? 

I'm going to look into it. Thanks 

Well I appreciate the feedback.  But my friend said landlord insurance is cheaper,  thats my question 

Now I have home insurance on my properties, even the investments. 

Now I was told that landlord insurance is cheaper than home insurance. 

What are your thoughts? 

I have properties in California and Colorado. 

Hello @Shaun Weekes I responded to your message. 

Yes I bought the house 117K my own money about 3 weeks ago. It is a single family residence. 

I'm not exactly sure. I'm having a lender higher than him call me tomorrow. 

It has nothing to do with me at all. I'm confused.