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]

@jasonc_nc shhhhh dont tell them. traffic already sucks

[Wyatt Wolff @Wyattwlff]

@TheJSantiago "MOST people suck at their jobs" - Churchill, probably

[Wyatt Wolff @Wyattwlff]

@TheREDevGUY At 8%, ask the seller to pay for the rate. A $15,076 seller credit covered every dollar of one client's financing costs on a real closing. https://t.co/X4SNl0sy6O

[Wyatt Wolff @Wyattwlff]

@zaneccampbell love it. Just wrote a newsletter about this actually. Good piece

[Wyatt Wolff @Wyattwlff]

@UntoldBass @ThinkAppraiser the entire city lol

[Wyatt Wolff @Wyattwlff]

@ChrisSimpson @bot https://t.co/ej9hq3Dw5l

[Wyatt Wolff @Wyattwlff]

@realEstateTrent time to make some disrespectful offers. YEEEHAAAW

[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