All Forum Posts by: Celine Crestin

 What is the situation with the properties that you believe a lender won't loan on them? Perhaps try a portfolio loans or private funding? 

Yes, if you're SFH is a long term rental your lender can use that income! You can also focus on buying already leased properties or the lender can use a rental analysis to help you qualify on a new purchase as well.

Very cool! I can't wait to see more details when this launches! Great location for this type of project and I am sure you'll be successful!

 STRs in the city of Austin are extremely difficult for investors who are not owner occupants as well. You can get more info here: https://www.austintexas.gov/de...

It may be a better/easier move to buy a STR just outside city limits in other desirable areas (near wedding venues, wine tours, hill country, etc). Happy to help should you have any other questions!

 Plum Creek is the development that home is in. It is a desireable neighborhood, but you will almost certainly not cash flow as rents are lower there than in other areas. (due mainly to competition/amount of inventory for rentals in that large neighborhood). While you will appreciate there, other areas will build equity faster and rent for more. 

Either way, most properly priced homes are still receiving multiple offers and going under contract very quickly. This one has a deadline of 10am CST today, so unfortunately you've already missed this particular home. 

Hope this helps!

Condos are difficult as they typically have high monthly fees associated with them. Appreciation and rent are not always as strong as with SFR, but it is possible. Austin is huge overall boundary wise - so when referencing commute times in - are you referring to downtown? You can get a solid SFR home that you would have no problem renting out in the suburbs for your budget. Happy to chat if you have more questions or want to bounce ideas off of. :)

Robert Brinkley | (214) 718-0272 | [email protected]m

https://myloan.homespiremortgage.com/borrower/signup/[email protected]

Hope this helps!

Hi! I live and work in Kyle, TX so I have a lot of area knowledge. Growth is HUGE here. Hays County TX has been one of the fastest growing counties for several years. That being said, certain areas would serve you better than others. Would be happy to chat more and discuss your options. :)

I would consider them, but I would screen and qualify them first the same as I would any other prospective tenant. If they are well qualified, I agree, that's a slam dunk. I would certainly give them the opportunity to apply.

I have had clients procure the loan and initial purchase contract under their personal name and then place title in the LLC name at closing. That may be another option to consider for yourself.