All Forum Posts by: Brian Phelt

Welcome Joshua. I'm sure many of us will have questions for you. We always can use help when it comes to lending questions.

Kristina, Joining SABOR is a good move. Reach out if you run into anything you have questions on.

Will, As others have stated there should be no issue using a 457 as reserves. I just purchased my primary residence last December and my 457 was my reserves. If you are still active in the job that provides the 457 then you are usually only able to take a loan for around 50% of your balance, so that is what they will calculate as your reserves. I can provide some lenders for you to call if you want to PM me. Thank you.

Average rents here are between $1250--$1600 on a 3/2 SFR. Our city has a very strong rental market primarily because of the military influence.

Welcome to BP Ernest. Reach out if you have any questions.

As I property manager, I will say that it has to do with communication. We interview our owners just as they interview us. We want to be sure they have realistic goals as a property owner/investor, and conversely we want to show them our processes so they understand how we operate. We have actually released owners from management agreements after finding that they may not be a good fit to be an investor (in our opinion). All that being said, take your time to do due diligence if you decide to take that road. Find a company that is willing to give references, ask about processes in place, and make your decision from there. A good property management company will make your life easier as an investor if they are doing things correctly.

Mario, Send me a message and I'll get you setup with someone who can assist you.

I would agree with Robert. We have people ask for references and do their research when they are consider using us to manage their properties, and have no issue giving them what they need to make an informed decision. Doing your due diligence can make all the difference in the world.

Welcome to BP Isaac! You've picked a great place to learn, and an even better city to start in. Don't hesitate to reach out if you have any questions.

Hello Paula, I'd be happy to meet with you or have a phone conversation if you'd like to answer any questions about the San Antonio market. Continue reading here as well to increase your knowledge as this is a great place to learn.