All Forum Posts by: Brandon Richards

I'm an investor friendly and I live in Forney but work and source deals throughout the DFW area. Message me if you need help with anything

@Vanessa Perez They are right, either they legitimately made a calculation error, or they are trying to get a few more bucks out of the deal. I work with investors that have cash now and can close in days or we can go the MLS route. They both have their advantages. We could word the incoming buyers contract to state that the seller would need a "lease back" after closing to provide you and your family with leg room to find a new home or I know a few investors that will close in a few days with the right numbers. PM me if you would like me to take a look at your situation and advise further.

Oh man, Honestly I couldn't tell ya. Ive had it for 3 years and don't remember. Big banks like that tend to change their parameters often anyways, so I may be on a totally different platform compared to whats being offered now.

I use BofA for my Carpet Cleaning business just because they have merchant services so I can run cards and have it next day in my account. I haven't had any issues with them. No minimum balance with merchant services I believe. 

Contact u-buggin?

I can handle all of that. I work for Investable Realty here in Dallas. We cater to the investor from acquisition to end buyer. I can refer all inspectors, lawyers, title companies and property management to you as well. Some of which we handle in house. PM for more information 

I'm with Investable Realty, where we cater to the investor from acquisition to end buyer/ tenant. We also have a lender in house with hard money at 10/2 and access to conventional financing. 

With closings slowing, prices rising, new builds far behind schedule and an absorption rate under 3 months(I think its more like 6 weeks) we are going to see a shift soon. With median values rising at over 10% I think we are going to continue to see a fairly steady inflow of sellers and buyers for another 12 months tops and then a radical shift into rentals. Buying is becoming more and more unattainable for the under 30's crowd. If we take the median family income of just shy of $69k and median home values rising, our housing affordability index is dropping. We begin to see families utilizing a higher percentage of their income to buy homes which is odd considering we are lending at lower rates and P & I rising. We are going to see a plateau this time next year and by 2nd quarter 2018, we better have piles of cash ready to buy. I may be a mile off, but the air stinks and the public is getting a whiff of it.

Moral of story....FLIP....FLIP...FLIP some more(to build the bank account)and then BUY, BUY, BUY, HOLD

@Roland Brown HELOC is "Home Equity Line Of Credit". It does exactly that, bank loans you money on the positive equity in the home. For someone that has multiple properties, a versed lender will take into account your networth, your assets and the income off the properties when funding your next project

I can answer nearly all real estate related questions. PM me and ask what away