JD Modrak

Lender with VA, FHA, Conv. Loans for MultiFamily focus. Use a Lender who is also an investor, and can mentor you beyond simply the paperwork and rate. Beat Army

[JD Modrak @JDModrak]

My first Real Estate deal:

Left the Navy in 2014, a B School student, met my Landlord in a bar, had a couple cocktails, he mentioned a 3BR for rent, and he ran a "shitty Airbnb in the basement"

Being cheap, my future wife and I offered to manage it, for a break on rent 👇

[JD Modrak @JDModrak]

@JulieChangRE @StudentRentPro Chlamydia?

[JD Modrak @JDModrak]

@JulieChangRE @StudentRentPro C?

[JD Modrak @JDModrak]

@DonovanBuilds Shoot me a text, have some thoughts

[JD Modrak @JDModrak]

@patrickdichter Proactive accounting firm is an oxymoron

[JD Modrak @JDModrak]

@Larspeter12 @alison_eichhorn I’ve not heard that, but haven’t specifically discussed this topic with anyone I knew in CTU

[JD Modrak @JDModrak]

@shawngorham For investors!? Can she do my house? lol

[JD Modrak @JDModrak]

@Larspeter12 @alison_eichhorn The fact that probably 70%++ of teachers are both powerless/ unaware of the machinations of CTU and great people, is often loss in this convo

However, they also have more influence and responsibility than I think they suspect

[JD Modrak @JDModrak]

@yfreemark Red line ridership is low, the costs of this project spread out per rider over 30 years even, are INSANE

Could build 50k units of housing for this, or provide tax abatements for 500k new units for south side for same cost

That would be ROI

[JD Modrak @JDModrak]

@shawngorham lol we are approaching the lowest common denominator: muck

[JD Modrak @JDModrak]

@girdley Having someone manually sign millions of documents on your behalf every day, requires serious manpower

[JD Modrak @JDModrak]

@JulieChangRE VA reserve levels are kindof pitifully low, I believe like 10% of a given years Op Budget

[JD Modrak @JDModrak]

@FranWalsh73 I actually agree, especially in lower cap markets which many SFH mkts are, rent vs buy equation is an issue right now

However, very odd to not “add back” to the homeowner benefit, their savings on rent

To have “lost $73k” have to know against what.. silly argument lacking comp

[JD Modrak @JDModrak]

@LA_Multi_Fam I would remove box, cap wires, outlet for decoration only :-)

[JD Modrak @JDModrak]

@LA_Multi_Fam @ErikYesayan Paul if you don’t mind, I’d love to take a look too, happy to trade notes if there’s anything we’re doing that might be useful too :-)

[JD Modrak @JDModrak]

@StudentRentPro How do you typically access your equity to crystallize some liquidity these days? Good local bank who gets your model, or DSCR? Just not a lot of great options for your specific asset type ( that I’m aware of)

[JD Modrak @JDModrak]

@ChrisVannini Should have started planning for Navy earlier it seems…

[JD Modrak @JDModrak]

@FSUmollz My army friends will be wearing these shirts, I took bets with no points, prettttty sure we’d take this one