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All Forum Posts by: Bhanu P.

Bhanu P. has started 16 posts and replied 66 times.

Post: Need Cash out Refinance on Investment property in state of Texas

Bhanu P.Posted
  • Investor
  • Katy, TX
  • Posts 69
  • Votes 8

I recently closed with Cash on a house that I bid on Auction.com. I am currently in the process of rehabbing it and my goal is to keep it as Rental home for years to come (unless, I face any unexpected problems I like to revisit in 5 years from now).

This house is in Harris County less than 15 miles from Downtown, Houston TX.

I am still qualified for traditional lender mortgages as I do have W2 job, great credit history, acceptable DTI that lenders like to see.

Can you recommend any Lenders who deal with Cash out Refinance on Investment property in state of Texas?

Please feel free to provide any input that you think may be useful for me even though it is directly related to the question I posted here. Thanks in advance!!!

Post: Intersted in purchasing SFR in and around Katy Area (Houston TX)

Bhanu P.Posted
  • Investor
  • Katy, TX
  • Posts 69
  • Votes 8
Originally posted by @Account Closed:

That is a growing and booming area for sure, good choice. 

Thank you!!!

Post: Intersted in purchasing SFR in and around Katy Area (Houston TX)

Bhanu P.Posted
  • Investor
  • Katy, TX
  • Posts 69
  • Votes 8
Originally posted by @Sandra Gibson:

Are you working with bank financing, cash or owner finance?

I actually do both bank financing, cash in the same order of priority.

I have not thought about owner finance so far to be honest with you. Thanks.

Post: Intersted in purchasing SFR in and around Katy Area (Houston TX)

Bhanu P.Posted
  • Investor
  • Katy, TX
  • Posts 69
  • Votes 8
Originally posted by @Alan Vieyra:

Hello @Bhanu P. 

Welcome to BiggerPockets, Katy is a great place to own rentals. You have to take the time to find a good opportunity but there are out there. 

If you have any questions about the housing market in Houston, let me know. Ill be happy to help. 

Good Luck, 

Thank you Alan and I am sending you a 'Connect' request. Please accept so that we can be in touch. Thanks again!!!

Post: Intersted in purchasing SFR in and around Katy Area (Houston TX)

Bhanu P.Posted
  • Investor
  • Katy, TX
  • Posts 69
  • Votes 8
Originally posted by @Eddie Bynum:

Welcome Bhanu to BP from a fellow Texan here in Fort Worth. 

Good luck, and good deals,

Eddie

Thanks for your wishes Eddie!!!

Post: Intersted in purchasing SFR in and around Katy Area (Houston TX)

Bhanu P.Posted
  • Investor
  • Katy, TX
  • Posts 69
  • Votes 8

Wholesalers,

This is my first post here and I try to keep it as much complete and concise as possible.

  • I should admit that I am spending too much time going through forums discussions, listening to podcasts since I came across this forum recently & I believe by doing this exercise, I gathered so much valuable information.
  • I am interested in purchasing SFR ( around $150K) in and around Katy area near Houston in Texas.
  • I am primarily looking at properties either ‘Buy&Rehab&Hold' or ‘Buy&Hold' (like to start purchasing with 1 or 2 properties with a goal to purchase 1 SFR per month in year 2015 if we get good deals).

Please let me know if you do have any that might fit my requirement and we can go from there. Thanks for your time!!!