All Forum Posts by: Alex S.

 OK, thanks for the lecture, and your input.  

 That's an option, but it's the same money essentially, pay it all now, or over the next year.. 

Hello!  Realtor and Investor here.  I've got a rental that was a new construction in 2022, so no property tax was defined yet (based only on land value. First year was fine on property taxes, and we were cash flowing great.  2nd year the property taxes went up and not enough escrow was taken out by the lender, so now they're trying to catch that up and predict the current year, so mortgage essentially went up $1000 monthly, thus killing my $500/m cashflow and making me a $500/m loss.  

I have 2 other rentals that ideally can subsidize this, so, would I be better off holding onto it for the long haul and evening out eventually, or selling the property and getting something else?  

Rent = $1800/m (Now on month-to-month until they buy a house) - Market rent in the neighborhood is much lower now too, so if I rent again, it would be in the $1700 range.  

Mortgage all in was $1300

Mortgage for Apr 2024-Apr 2025 w/ additional escrow coverage = $2150.  

Appreciate any suggestions! 

Credit Unions will definitely work with Series LLCs here in DFW. Since the Series LLC "thing" is still new and there are ever changing rules, and no set process, the big banks aren't completely on board yet.

Hi Everyone, 

I'm a Realtor in the Dallas area, and recently got into investment properties.

#1- New Construction- closed in April 2022, rented immediately, and cash flowing.

#2- New Construction in same neighborhood- Closed in Oct 2022, listed for rent currently.  

Looking to collaborate with other investors, private lenders, etc.. to learn and grow!  Looking at getting more properties in 2023!