How To Analyze a Market for PadSplit

[@scottrichmond9795]

thats great!!

[@Itsfernandocorona]

thank you!!

[@jannysmith2938]

very informative!!

[@Itsfernandocorona]

thank you! happy it helped!

[@franallison9521]

Ah, thanks man! I really love your channel! Very informative!

[@Itsfernandocorona]

🙌🙌🙏🙏 of course man! Thx for checking it out!

[@PadSplit]

Awesome breakdown Fernando!

[@Itsfernandocorona]

🥳🥳🕺🏽💯 appreciate that! Shout out directly from Padsplit. 😁🙏🙏 thank you

[@Hustledadd]

Need more info. Going to look at a 5/3 in Nashville right now for padsplit near the military base

[@Itsfernandocorona]

Yeah definitely. Shoot me a text 626.714.2440 or DM me on IG: @itsfernandocorona

[@kukuna2012]

I was searching pad split today and stumbled upon your channel. I like it how you walk through each market and explained pro and cons of each. thank you so much! btw, Can you recommend a lender who can do 15% down loan? also, do you have to pay prop management fee on top of the padsplit fee? thank you so much!

[@Itsfernandocorona]

appreciate the comment. and yeah, now things are really picking up in new markets so definitely explore by talking to the padsplit reps. and as far as lender goes, I became a lender after helping people get so many loans as a coach so happy to guide you through the padsplit or investing process as your lender as well. I am able to provide both 10% and 15% down loans as well as DSCR loans where there's no income required (although these are 20% down so we'll reserve these for when you want to scale). feel free to email me [e-mail] or DM me on IG: @itsfernandocorona and we can talk about what you're looking to accomplish in more detail.

[@theenergyhero9612]

@@Itsfernandocorona Hi Fernando I'm also interested in building a portfolio of padsplit properties and would like to connect with you on your PS business. How many do you currently have in your market?

[@Itsfernandocorona]

@@theenergyhero9612 I have 4 currently. One fully owned and 3 with investors. I’m actually a lender myself and would be happy to help you out. Feel free to email me at [e-mail] or DM on IG: @itsfernandocorona to talk about my padsplits and the process.

[@dtaylor16]

Hello Fernando, just coming to your page. Don't really have large funds right now but would like to invest in padsplit overtime as i think this will be a big deal in coming years, plus the fact it makes living affordable for people these days. What do you think?

[@Itsfernandocorona]

id suggest developing a skill to offer to investors who have capital to invest in padsplit so they have an incentive to partner with you. project management, property management, eviction management, staging, photos, handy man, deal sourcing, etc. I think its a great space as well and just capital intensive. good luck

[@beautyandplay]

I own a rental in North Virginia and one New Build rental in Dallas< Texas. Both properties worth the exact same amount of money but in virginia the property tax is under $6000 and in Texas is Over $12200 because Texas has no cap to rise property taxes on landlords, Last year my tax hike was 50 percent going from $8400 to $12200 in just one year. At this pace my escrow for tax and insurance will quickly surpass principal and interest combined.. Due to escrow my Mortgage payment went from $2500 a month to $3350 a month in one year. Think of this when you consider Texas to buy rentals.

[@Itsfernandocorona]

Oh wow! That’s gnarly!! Yeah thx for pointing that out. Definitely would be a deterrent.

[@Falcons2222]

Who are you financing your padsplits through? We have a few purchased hard money and now rented and now looking for refi on the padsplits to 30 year mortgages

[@Itsfernandocorona]

whats up craig, ping me on IG: @itsfernandocorona. I'm finishing two refinances this week actually with a lender and its been a great process with them

[@susanseniceros1818]

Fernando, thank you for sharing your knowledge. Who’s doing cleaning & repairs on property using padsplit strategy? I’m in Newnan, GA & would love to connect to get financing from you

[@Itsfernandocorona]

So we have a very solid property manager that I’d be super open to connecting you with. They’re super awesome and I’ve already failed my way with another property manager to get to this one. We’ll talk about it when we connect later. For anyone else looking to connect, send me an email [e-mail] and we can coordinate a time to chat

[@jon-xt6mo]

200k with 10 bed room. in atl. Im thinking about buying it it will be my first home. idk if i should do it. i stay in a padsplit right now.

[@Itsfernandocorona]

nice, so it'll be a little difficult to get regular financing as if you were going like 3.5-5% down on a 10bed because appraisers on conventional loans and lenders for conventional loans won't like the property so it'll most likely get denied. to buy converted padsplits, you'll need to work with a lender who understands the model and willing to lend based on the padsplit floorplan. usually you're putting 20-25% as a downpayment.

[@apostlemarvinomede3961]

Hi Fernando my name is Marvin. I am glad I found your video. I was actually looking for an exit strategy like PadSplit because of a competent company to help manage a property. I will send you an email, I have some other questions I will need your help with. Thank you for such amazing video.

[@Itsfernandocorona]

sure thing. shoot it over [e-mail] - also keep in mind that padsplit is like airbnb, they only provide the platform to manage, but you will need to hire an actual on-site property manager or self manage.