All Forum Posts by: Zachary Ware

I think mixed-use properties can be very lucrative in some areas. This might be a lot for your first property so make sure you speak with others who have experience and know what you are getting into. 

Welcome to BiggerPockets! FHA is a great way to get into the game. Please feel free to reach out anytime if you want to talk about financing, multifamily, or investing in general.

Hey Khalid, 

Congrats on the 203k Rehab. Just out of curiosity, why are you specifically looking for a business loan for properties? 

Psychology of Money - Morgan Housel

Many good books by Robert Greene.

Congratulations! Thanks for sharing

The value of a property is what someone is willing to pay for it. If you are confident in your numbers and have someone review and come to the same conclusion, it can be a worthwhile investment if you are planning for a long hold period. 

For that price point, I would recommend looking at some of the tertiary markets in the Sunbelt. I think remote managing is possible for a single-family LTR. You just have to build your team there before you need help. First you should be picking what markets you are looking at. Then you should speak with a lender to find out what your financing will look like so you can accurately underwrite deals. Your next step will be finding agents/brokers who work with investors in your target markets. Once you close on a property actively call and interview contracts/handymen/agents. You will need someone who can be boots on the ground for showing, inspections, maintenance, etc. 

For smaller properties, I think it is more appropriate to account for $100-$350 in repairs/maintenance/repairs depending on age/recent renovations/property class. For larger multifamily properties it is more common to use a % for UW these costs. 

There are some great lenders that are recommended by BP. You can find them through the Build Your Team tab. 

You can find some great agents who will do this for commission, no need for an hourly rate.