Wyatt Wolff

Director, Investment Division at Kinfolk Home Loans. DSCR, BRRRR, portfolio, and commercial for investors. Charlotte. NMLS #2264646

[Wyatt Wolff @Wyattwlff]

A portfolio note is a convenience product. Convenience costs.
Real file: 10 rentals, same $1.95M debt, same $400K out. Ten individual notes beat the blanket by 0.49%. About $9,600 a year.

https://t.co/E4U9ST7aIS

[Wyatt Wolff @Wyattwlff]

@TheREDevGUY equity, since you can turn around and lever that into other things as well. I guess you can do that with SBLOCs too though

[Wyatt Wolff @Wyattwlff]

@TreyWheeler I am seeing more and more seller financed deals, as well as banks reaching out to experienced operators and "gauging the level of interest" they have in the property.

Dry powder will win BIG on this kinda stuff

[Wyatt Wolff @Wyattwlff]

@aglennii Have been shouting this from the rooftops. Just wrote about it last week as well. PREACH https://t.co/X4SNl0sy6O

[Wyatt Wolff @Wyattwlff]

@TheREDevGUY Throw money in it. Then use 401k loans to put dpmnts on cash flowing RE

[Wyatt Wolff @Wyattwlff]

@btgraham5 Or go non QM, get a better rate, and get up to 6%

[Wyatt Wolff @Wyattwlff]

@HomeLoanBill All in on AI + value add to clients

[Wyatt Wolff @Wyattwlff]

@ChrisRamsey60 Doing this now, on the lending side

[Wyatt Wolff @Wyattwlff]

@joshmortgages @costsegguys No PPP is actually competitive with agency rn

[Wyatt Wolff @Wyattwlff]

@RomineFranklin 1031 into bigger, easier to manage assets and consolidate maybe? Seems like that would solve it

[Wyatt Wolff @Wyattwlff]

@RomineFranklin Send em my way, I LOVE those 5-9 unit refi's

[Wyatt Wolff @Wyattwlff]

@btgraham5 You can get your rehab money out as long as it appraises. I do this all the time

[Wyatt Wolff @Wyattwlff]

@TheREDevGUY Yes! Still works. Just wrote a piece on it https://t.co/xfaJAwH48c

[Wyatt Wolff @Wyattwlff]

@TheREDevGUY when they have more cash coming in than they spend on their lifestyle, and they have time to spend it. Net worth is irrelevant if illiquid

[Chris Ramsey | SMB and R.E. @ChrisRamsey60]

There is a guy in my area that just offers 50%-60% on every multifamily
listing.

Guy consistently gets some amazing deals.

The way things are going in the RE market right now I bet he’s going to get a lot more people saying yes.

[Wyatt Wolff @Wyattwlff]

@lawyer4SMBs Open to help anyone who needs it, wether I end up doing it or not

[Wyatt Wolff @Wyattwlff]

@AdamHKlein Yeah man. The days(nights) are long but the years are short.

[Wyatt Wolff @Wyattwlff]

@TheREDevGUY Nobody gets out alive. Ask her out. Do the thing. Do it for the story

[Wyatt Wolff @Wyattwlff]

@AdvisorJohn Literally wrote a newsletter about this a few weeks back. Seeing it more and more

[Wyatt Wolff @Wyattwlff]

@omer7890malik I’d like to point out that student debt is voluntary. So… you made a choice, and that choice means you buy a house later in life…