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All Forum Posts by: Arun Mannuru

Arun Mannuru has started 6 posts and replied 11 times.

Post: USDA Loan Eligibility

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5
Can I have more than one USDA loans ? Is there any limit on it ? Can we also buy commercials using USDA loans ?


Quote from @Jason Wray:

USDA Rural Development Single Family Housing Guaranteed Loan Program (SFHGLP) announced

a 12-month waiver beginning 05-02-2022 for non-U.S. citizens with valid Social Security Numbers

(SSN) and work authorization, as evidenced by documentation such as an Employment Authorization

Document, Form I-766 (EAD), are temporarily eligible to apply for assistance. Lenders will continue

to utilize the Guaranteed Underwriting System (GUS) to verify acceptable citizenship or

immigration status through the Department of Homeland Security Citizenship and Immigration

Services Systematic Alien Verification for Entitlements (SAVE) program.

Just Apply for the loan and get your pre-approval.  Reach out if you have any questions.


Post: USDA Loan Eligibility

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

Hello Everyone,

Can someone share details of eligibility criteria for USDA loan (non-citizens) ? 

Post: Looking for rental properties with good cashflow

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

@Nathan Murith Thanks for sharing me your inputs, I'm so excited to learn more about your experience and find some resources. 

Nope I don't "Pace Morby", but definitely I'll look his videos.  

Post: Looking for rental properties with good cashflow

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

Hello Everyone,

I'm a newbie to REI, I was able to successfully execute house hacking strategy. Now, I'm more interested towards buying rental properties with creative financing strategies like "Seller Financing, DSCR Loan etc..,". The reason I would like to do with creative financing is because of current market situation and interest rates. Can anyone help me sharing their thoughts on creative financing strategies ? I'm based out of Dallas, Texas. I'm open to invest out of states like AZ, WI, MI, IA, MO.

Arun

Post: Thoughts on investing in Denison Texas

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

Hello Everyone,

I'm looking for some investment properties around Denison, Texas. Need some inputs on rental comps, and sales comps. I have got deals from new construction builders. I would need experts opinion to move ahead, currently they are offering low $300's, I told them number doesn't work in that area. They asked me whats my expectations ( it's 1500 Sqft house, brand new). Need experts opinion to negotiate, Happy to work with realtors in that area.   

Thanks,

Arun

Post: Investment property near Sherman Texas

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

@Bruce Lynn let’s connect and see how we can work together. Can you share me your contact details?

Post: Investment property near Sherman Texas

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

@Bruce Lynn Yes!! That’s my opinion as well. If you are familiar with the area. Can you help me finding any investment opportunities around that price range(200’s) in Sherman Area ?

Post: Investment property near Sherman Texas

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

Hello Guys,

I’m from Dallas, I have got some investment opportunities from builders around Sherman area, cost around low 300’s for houses between 1300-1600 sqft. I would need your thoughts, weather to perceive the opportunity.

How was the rental income looks like?

Is it good bet to invest with current market situation or hold for some more time?

Post: Contractors for BRRRR in Sherman Texas

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5

Hi BP,

I'm planning to start my first BRRRR in north Texas area. I'm looking for contractors who can help me. Any suggestions or references, please share it with me. I appreciate if you can share your experiences.

Post: Land development in North Dallas Texas

Arun MannuruPosted
  • New to Real Estate
  • Dallas, TX
  • Posts 11
  • Votes 5
Quote from @Bruce Lynn:

It's the riskiest area of real estate.   While there is money to be made, something like 80% of the developers eventually go bankrupt.

Probably not a place to start, but a place to finish when you've made a ton of money in other areas of real estate.

Best way to learn is probably go to work for a successful developer in the area....Blue Star, Craig Hall, Trammell Crow, Hillwood (Ross Perot), Centurian American, Billingsley Company, Woodbine, someone like that.

These are the people who have been doing it for years and have billions invested in North Texas.


 Actually, I would like to buy land and get permits from city and sell it to local builders. I don’t want to do or wait till the whole construction is done.