Today’s show features a client case study and this month’s mortgage update. After a brief hello from his latest destination, Adam talks with one of the network’s lenders about what mortgage rates people are getting this month and what’s driving the change in rates recently.
Then Jason talks with client Damon Santa Maria about how he’s accumulated his 20 properties in the past 6 years and what his investing plans are moving forward. Damon is self-managing two of his properties and gives some of his best practice tips on metrics he uses and investing in general.
[7:09] What rates can investors get today?
[9:44] Mortgage applications for investors aren’t as heavy as you’d expect with low interest rates
[11:44] Is there any movement in the refi market?
Damon Santa Maria Client Case Study
[14:51] Why Damon started investing in real estate
[17:29] If your tenants are staying for a long time, make sure your rents aren’t too low
[20:50] Damon’s experiences with buy and hold rentals
[24:07] Damon is self-managing his property in Houston and it’s working out well
[29:14] Don’t gloss over your maintenance percentages when looking at cash flow and reserves