All Forum Posts by: William Lokar

I use AirDNA for a quick snapshot of a market but use PriceLabs as my dynamic pricing platform.  I also use a variety of other sources for a more detailed analysis. 

Quickline Capital partners will fund 90%LTV purchases and full rehab provided the final loan is 70-75%LTV.
https://quicklinecapital.com/

Welcome to the BiggerPockets community.  Depending on your market, you have options.  The idea of renting the mobile home and buying a new residence is a good one, then after year you could rent it too and buy another primary residence.  Many people have built strong portfolios with this method.  You also have the option of getting better deals as a cash buyer.  While I’m usually not a fan of leaving too much equity in a property, it may make sense with the higher interest rates.  You could then refinance when rates drop and role the cash into another property.  There are plenty of options.  I recommend checking out the BiggerPockets podcast, where you will learn about a variety of options people are using. 

Good luck on your journey!

@Aaron Breckenridge I agree on the notifications.  I think that and intermember communication.  I would love to not have my inbox filled with notifications but rather have them through an app.

For many of us investors, we spend a large amount of time on the move and using our mobile devices.   While a do appreciate the relative ease of navigating the BiggerPockets website on a mobile device, I wonder how many of you feel a mobile app would greatly enhance your user experience.   Feel free to chime in.   Does anyone know if one is in the works?

@William Coet

I echo @Lyndsay Zwirlein and @Charles Carillo. The DSCR loan may be your best option. I have used them several times for purchases and refinances. They are particularly helpful for those that are self-employed or do not have a traditional W2 job. In most cases these are for investment only loans and do not permit owner occupancy so if you are thinking about a house-hack you may not be able to use this option. Talk to the lender or Mortgage broker about this. Check out Visio Lending or the One Brokerage. I have used these two.

@Michael Lonsdale My first investment was a home that we bought, renovated, and lived in for a year.  It can be a great way to get started!!

Is C really an option? If you are willing to move I would not sell (of course I'm not familiar with your current market), hold your current house as the investment with your favorable loan terms. Buy a new primary residence that will allow you much more favorable loan terms (i.e. FHA loan). You can even seek owners that may be willing to finance the down payment (conventional loan) or ask for seller concessions that will allow you to buy down your rate.

The Tri-Cities is continuing to grow. STR performance here has been particularly strong for both myself and colleagues. Price points are inviting while short-term cash flow and long term appreciation potential remain strong.

Ryan,

I have used HELOCs on investment properties previously.  They have been a great way to access equity, but many of the ones i have found have variable rates.  Given the current rate environment I might not advise these.   I recently refinanced my HELOCs into 30 year fixed rates to rate increases.   I have found smaller local banks and credit unions to be a great source for investment HELOCs if you still want to go that route.