All Forum Posts by: Brandon Smith

 Thank you! I'd love to connect. preciate you reaching out. I'll shoot you a message! 

 Yes sir! looking for residential GC. it would be for obtaining accurate rehab costs on potential flips. Thanks for the reply! I'll likely hit you up in the future for that commercial contact though! 

Hey all, 

I'm looking to link up with a GC that his recommended by ya'll, located in San Antonio, Texas. I have a property that needs to be walked and bid on for the rehab necessary. Any recommendations ? 

I did a quick search on the forums and saw this question had been asked years ago with really no good answers to it. so figured I'd throw up this new post! 

Please help! lol. Thank you. 

 this is awesome to hear! thank you. 

 Great information. Thank you so much. 

 This is pretty much what I thought. I'll be sure to get with my mortgage company and see what the taxes, thus my "new" mortgage would look like without the homestead, DV discount and with the correct insurance policy in place. Thank you. 

 Excellent, I'll shoot you a message shortly! Thank you very much.

 Great Idea, Thank you!

Thank you for the reply. I'll definitely do that and then calculate the rent with those new figures. Preciate the help. 

I currently own a 2020 construction, 4 bed, 2 bath SFR. Financed with an FHA loan and mortgage being right about $2,000 monthly, included escrow for insurance and homeowners' insurance. I also have solar panels on the property with a monthly loan payment of approximately $150 a month. I am also a disabled veteran at 70%, so I don't get 100% off of property taxes, but I do get a discount, in addition to the benefits of homestead exemption.

My family and I are moving out of the property, and I would like to attempt to rent it, before putting it on the market. My family will be staying with family until the house is rented/sold and will then be getting an apartment. 

My questions are as follows:

Since I won't be purchasing another SFR to own, It seems like I could keep the homestead and DV tax reductions in place, along with my current loan. Am I correct in this thought?

Would I want to remove the home-owners insurance and replace that with a Land Lord Insurance policy? If so, anyone happen to know what those rates look like in San Antonio? 

I would rather spend the money for a different insurance policy that would insure full rebuild cost. Last thing I want to happen is for an accident to happen and the home-owner's poicy refuse to remit payment because it was actually being rented out. I also don't know if changing the insurance policy would also require me to loose the homestead exemption and DV discount on the property taxes. 

My biggest concern is: I would like to have this property cash flow $200 monthly and I'm not sure if the market would be able to support that high amount of rent. At rough numbers, I'm thinking rent would look something like $2500 or a little more. 

I'm sure there are other things I am not accounting for, so any additional suggestions or recommendations would be great! 

Thank you.