All Forum Posts by: Alberto Camacho

Being an investor means having to adjust to market conditions. I'd say play in the market your comfortable with.

DFW has some nice cash flow if you buy right. Just that could be said for any market. The problem in DFW is it's a seller's market. Gotta work harder to find those deals.

Welcome Jon,

Nice job with acquiring the rental first. That's one of things I overlooked when I relocated.  That won't happen again.

Best wishes with the house hunt.

Paying for training and mentors is always a charged topic. I've sat all the LU membership levels and can speak from experience. As you upgrade from their basic membership you get access to much more training content. Reach out to me if you'd like to discuss in more detail. I am not looking to sell anything so no worries there.

 Contact local lenders and establish those relationships. Those can lead to pocket deals as well.

Offer still on the table? How can I get a list for my area?

 Responses may need to qualify property class, loan to value, loan rate, management vacancy and repair costs. These numbers will change on the deal and its area ultimately impacting cash flow numbers. 

I'm in the DFW area so my numbers wont help directly but an example usually helps. 

On class C SFR, 75% LTV at current market rate and NOT including management, vacancy and repair costs I see some deals that put you in the red and at the top end I see deals flowing low $600. People I work with drop losers quickly so negatives crop up when I start working with a new contact. After proper filtering I see 300 to 600 range. Consider a portion of that cash will need to be set aside for management, vacancy and repairs.

I'm reading the thread where the tenant refused to pay the late fee and it got me thinking. 

Has anyone run a place with zero late rent policy? No fees, no excuses just a 3 day notice when rent is late. Not suggesting we should but I'm curious if anyone is operating like this. Are there any legal ramifications with taking this approach? 

While many enjoy the added revenue fees bring, late fees seem to provide rationale in accepting this behavior. I know of one tenant, not mine, that is always late and always pays the late fee.

I love how that works. Rub the lamp and the genie appears. 

Full disclosure..avid listener of the BSFF and BP podcasts. Great stuff

I just never have enough money.  Working on increasing reserves. 

 Your answer is right in the question. Home prices are derived from comps. Foreclosure prices wont help the area but a true comp is about being like in kind.

While in NY an agent give me a desktop appraisal on a property I was selling. On the the day she walked the property the value was raised another 50K. 

A Texas underwriter told me his organization use 3 tiers. Q3 is fully updated, Q2 has some updates and Q1 is a home with no updates. Seems so simple yet since learning that I've been able to do better comp on habitable property.