All Forum Posts by: Ty Coutts

Hi Michael,

With property prices appreciating, a 10% down payment can make it a bit more challenging, but there are still options. One potential route is using a FHA 203k loan for the purchase and rehab if you're okay with living in one of the units for a period of time. Another option is a hard money loan to cover both the purchase and rehab, which can then be refinanced with a DSCR loan once the rehab is complete. Many hard money lenders offer loans that include rehab costs, which could be beneficial for your BRRRR strategy.

Alternatively, if you find a lender that offers a DSCR loan with a lower down payment requirement, that could be another route to explore, especially if you already have positive rental income history. Be sure to shop around for the best terms and understand the refinancing process post-rehab to ensure your numbers work. If you had any more questions, I'd be happy to go through them, so feel free to DM me.

Hey Devon,

It sounds like you're at a crossroads with your current duplex situation. Given that your current place is fully covered by rent, moving to a new property where you would have to cover $400-450 more per month could be tough, especially in today's high-rate environment. If you plan to use the remaining HELOC for a DSCR or BRRR strategy, that could help you build more equity, but consider if the current market conditions will lead to higher rates and lower cash flow in the near term.

If your goal is to scale, you might consider holding onto your current duplex for the cash flow and focusing on the BRRR/DSCR strategy, which can allow for more control and potentially better long-term returns. Alternatively, waiting for rates to drop and then moving might give you better purchasing power.

Ultimately, it depends on your cash flow goals, risk tolerance, and long-term strategy. It might make sense to stay where you are and keep building with the BRRR/DSCR opportunities until the market conditions improve for house hacking.

Hi Brian,

It sounds like you’re weighing some great options! Both Raleigh and Greensboro have their advantages, but with your experience in Greensboro and proximity to Cone Hospital, MTR (mid-term rentals) could be a strong option, especially for traveling nurses or medical professionals. This strategy could give you steady cash flow while avoiding some of the volatility that can come with Airbnb. As for Raleigh, if you’ve already seen the success of Airbnb-ing rooms there, it’s worth exploring further, as it’s a growing market with plenty of demand.

For alternative strategies in Greensboro, look into renting by the room, especially for professionals or students. If you decide to go the Airbnb route in either city, be sure to check local regulations around short-term rentals to avoid any surprises. If you have any questions, feel free to DM me.

Hi Tre,

Great to hear you're getting valuable feedback! For affordable and upcoming markets in Massachusetts, look at cities like Worcester, Springfield, and Fitchburg. These areas have more affordable properties compared to Boston and are showing signs of growth, especially with infrastructure and job opportunities increasing. Research local economic trends, rental demand, and any recent or upcoming developments in the area. For a 203k loan, you’ll want to target areas that have properties needing work but also a strong potential for appreciation after rehab. Consider working with local agents familiar with these markets to identify the best opportunities. If you have any more questions, I'd be happy to go through more so feel free to DM me.

Hey Carlos,

Both Spokane and Tucson have their pros and cons for house hacking. Spokane’s tenant-friendly laws could present challenges, but its lower home prices compared to other markets might provide more affordable entry points. On the other hand, Tucson’s landlord-friendly environment could make property management easier, especially with your familiarity with the area. Ultimately, it depends on your comfort level with the local regulations and market dynamics. Consider the property prices, potential for appreciation, and long-term rental demand in both areas. Since you’re pre-approved, weigh the costs, risks, and rewards of each market before making a decision. I'd be happy to walk through any more questions so feel free to DM me.

It's great that you're starting young and thinking about creative financing—that's key when capital is limited. To find a multi-family in Kansas City, start by networking with local wholesalers, real estate agents, and investors who understand the market. Look for off-market deals, seller financing opportunities, or even house hacking a small multi-family with an FHA loan (3.5% down) if you plan to live in one unit.

For creative financing, explore seller financing, subject-to deals, and lease options. Keep learning, build relationships, and take action—this can absolutely change your family’s trajectory!

Hi Henry,

I'm a licensed loan officer in Georgia, if you need help with anything up that alley, let me know! 

Hi Joesph,

It's awesome that you took the leap into fix-and-flips and already have your first deal hitting the market soon—huge milestone! Plus, becoming an agent gives you a big edge in finding deals and networking. Since you're in West Palm Beach, you're in a strong market for both flips and rentals. Definitely look into local meetups, REI groups, and BP networking events to connect with like-minded investors. If anyone in South Florida wants to link up, hit Joe up! Wishing you success on your first flip and beyond!

Hi Kevin,

I'm a licensed loan officer in the state of Florida, if you'd like to schedule a quick call, DM or email me!

Hi Alev,

It’s awesome that you jumped into a 4-plex in Carson City as your first deal, especially out of state. That takes courage! It sounds like you’re on the right track, refining your strategy and preparing for your next move. Since you’re focused on buy & hold multiplexes, consider networking with local investors, refining your underwriting skills, and researching markets with strong cash flow and appreciation potential. With one deal under your belt, financing may also be easier this time. Keep learning, stay patient, and take calculated action—your mini empire is in the making!