buying rental properties | The Kwak Brothers

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Pay Off Your Loan Or Invest? Know What’s Better For You

Time and time again, I see people choosing to focus either a mortgage or an investment but not both at the same time. But which option is better to start with? In this article, I will show you how you can invest AND pay off your mortgage without the diminishing effects of either process. I want to show you that it’s possible to pay off your mortgage and invest simultaneously. More often than not, such a decision often depends on your financial situation. While many people believe that paying off money is best since it saves on your interest payments, others may want to invest their extra

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BREAKING! The Eviction Problem Just Got WORSE 😧

The eviction moratorium has completely expired and the US Supreme Court ruled against the CDC wanting to extend the moratorium. In addition to this, recently the Federal Unemployment Benefit also expired this week and the Biden Administration has no intention of bringing the unemployment benefit back as the economy is starting to open up.  https://www.youtube.com/watch?v=uaTUQruQjKQ In this video, I’m going to unpack what this all means and how real estate investors could potentially benefit from the eviction

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Older Posts

September 1, 2020

Buying Rental Property: How I Find the SECRET Opportunities

Buying Rental Property: How I Find the SECRET Opportunities “Daniel……..How do I find real estate deals?” This is a question that I receive the most when I am coaching, giving presentations on real estate investing, or just talking amongst my friends. Now I came up with a quick analogy and I’ll use dating as an example. Now when I say dating, I’m not talking about the “one night stand” type dating, I am talking about looking for a soul mate, someone to spend the rest of your life with. It current times, we have several dating apps available to us BUT is that the best way to find that soul mate? Option 2, you have a friend, that knows you well and has another friend that she knows well too. She sets you two up on a date and BOOM fireworks! Well, I’ve translated this idea into buying rental property. So I believe when it comes to buying rental property, deals are not FOUND…….they are CREATED. In the world of real estate investing there are so many ways to get a deal, but the majority of deals…..are NOT good deals to begin with. But let’s define what a good deal is: 1. I am alone with the seller without having to deal with any type of competition. 2. Genuine real estate problems that I want to solve for them. 3. The seller is willing to collaborate, willing to listen, and really make a good deal. When buying rental properties, many investors will use varying software, sometimes they will reach out to their real estate broker friends, or they will frequent sites like zillow, redfin, craigslist to try and find properties. And that’s A LOT like trying to find the right, life-long partner on one of these dating apps. Going this route when trying to find deals, you will spend a lot of time sifting through some of the bad apples, unfortunately, as opposed to utilizing your friend, who knows you very well. Now that we got the analogies out of the way, let’s talk about HOW I actually find Secret Investment opportunities when buying rental property. I look for local property managers and I build a relationship with them. Who better to have insight on when a property owner is looking to sell? Or better yet, who better to have the insight on how the building is performing financially, vacancy rate, maintenance issues……the list goes on. Buying rental property
September 1, 2020

Buying Rental Properties – The “NO Credit” Strategy

Buying Rental Properties – The “NO Credit” Strategy! There is this illusion of buying rental properties that you need a large sum of money, your credit needs to be high, or prove to the bank that you have a decent net worth to secure a loan. All of which are true! It would require you to get a job, work for a very long time, build up your credit, and save money up for a down payment, which would take years to do. Another way is to use other people’s money (OPM) for buying rental properties, even that would require you to have assets to prove your worth! BUT thankfully, there are ways around the bank for buying rental properties and it’s been a very powerful strategy for us buying rental properties with NO CREDIT. OWNER FINANCING also known as SELLER FINANCING, it’s where the Owner of the rental property you are buying plays the role of the bank. There are several benefits of owner financing for both buyer and seller when buying rental properties. This way, you don’t have to work a job for several years and save a ridiculous amount of money! (benefits of buying rental properties)… Also if you heard of using other people’s money (opm), you would still need to work with a bank to secure a loan, the bank will still want to see your financials to prove your worthiness of the loan since you are the managing partner making it harder when buying rental properties. A huge benefit of seller financing, as you the buyer, you don’t need that great of a credit score, you have nothing to prove to a bank (again great for buying rental properties). Now you are probably wondering if a bank puts you through underwriting to mitigate the risk of lending to you, wouldn’t a property owner do the same when buying their rental property? Yes, but it doesn’t need to involve your credit! In fact, it would be more enticing for the seller to have some type of collateral if you default. For example, if you defaulted on the loan, the seller could take the property back! Now that’s one major form of collateral when buying rental properties!
June 30, 2020

Buying First Rental Property – HIDDEN Startup Costs to Avoid!