All Forum Posts by: Ty Coutts

Hello @Oliver Lee,

Congrats on the upcoming move out to Georgia! What part of LA are you in currently? I spent a year in Hermosa Beach and then a year down in La Jolla area near San Diego and miss it there!

I have helped a ton of clients make sense of the financing side of house hacks and investment property deals and can most likely introduce you to some Rockstar agents in the area as well.

Feel free to connect and message me directly so we can jump into some more specifics of what you are looking for! 

Hello Bigger Pockets Community!

Let me know if you or anyone you know has a good experience with a lender that is able to do non-recourse loans. 

I am a mortgage broker myself, but do not have any contacts in this realm yet and would love to learn more about it!

 This would be completely by the book and legal. She would be moving in as our primary occupant and you would simply be a non-occupying co-borrower. Let's dig into the details on this deeper and find out exactly what paths we could take. I will message you directly on here

Hello @Ken Nieves!

I am thrilled to hear that you are in the beginning phases for your first RE investing moves. Obviously there is A TON that goes into decisions like these. 

I basically live my entire life through excel spreadsheets and calculators, and personally believe that fully understanding the numbers behind decisions like these (at least as best as possible) is key. 

First step in my mind would be knowing how much you could actually be approved for and what the monthly payments and total costs on certain priced properties may be. That way you have some base information to compare rents and cash flow opportunities against. Have you already gotten this far, or would you like some help with figuring this out?

I have multiple clients that are under contract in both of those areas and happy to help share any insights and thoughts of what I have personally seen work for them! Feel free to reach out to me directly any time!

Where is this located at?

 Hello Madeline,

With your sister planning on living there you could potentially buy the house as a primary residence with her and avoid the massive down payment that comes with buying the property as an "investment property". This means you could get a much nicer place with as low as 3% down and better rates than investment financing can offer as well. Just a thought! 

Let me know if you would like to connect to discuss these ideas further!

Hello @Mason Sligar!

While I myself do not own property in Nashville (yet), I do have several clients that are putting offers in there as we speak. I think it is very clearly growing in the eyes of investors with the type, size and value of homes around the area as well as being a "well-known travel destination".

Very curious to learn more from the viewpoint of you as a local. Are you currently doing any house hacking/flipping/investing in the area?

Personally I have not had any experience with selling Sub To and I will let other experts in that area touch on that.

I do know that there are multiple other ways to get that mortgage off of your DTI in order to purchase your next primary. Of course I would need a few more details to give a direct path.

How long ago did you purchase this STR? Did you close the previous loan under the LLC or quit claim deed after? How many months of STR income do you have so far? How many other properties do you have?

I will reach out to you directly to see if there is a possible answer that may not have been thought about yet!

Love it! Congrats on working hard and busting out a fantastic deal @Brandon Kraus!

How many homes have you done with this sort of buy and hold strategy?

Looks like you have a ton of great options already, but remember it doesn't hurt to get multiple quotes and compare costs. Hopefully you are taking that cash and getting some other great deals with it!