All Forum Posts by: Chase Lowry

Evict

Oh, I thought you said worst...

Best 2 hours of my life? I once watched every Sharknado...

Wowzers...Is it hot in here or is Austin heating up? 

Do not have any experience with this, but the letter threatening legal actions should do the trick. My advice make sure you THOROUGHLY vet your PM.

cashbuyers.com. In all seriousness go to your local REIA's and any other meetups in your area. If you have a deal there will be a cash buyer.

Depends. Can 53k get you in an SF with a finished basement to HH and another investment property, and leave you with ample reserves? If yes, then I say go for it. However, if you do not want to continue building a portfolio in your current market you might not want a stray property in this market. If that is the case you may want to consider selling. Selling near the "top" of the market is never a bad idea.

Not in the market, also not sure if this is morbid, but due to Ida there should be some good opportunities. Remember you are helping solve their problems, not taking advantage of them.

The S&P500, on average, will pay out around 2.5% in dividends year over year. Say you got pre-approved for the mortgage and you are able to take out the $140,000. Say you invest it into the S&P500. On average you will make $3,500 yearly... Yikes! Now let's say you chose to invest that lump sum into Vanguard High Dividend Yield ETF. Vanguard High Dividend Yield ETF on average will pay out around 4.53% in dividends year over year... Almost double... But still not the best for cash flow. In my opinion, you should refinance out depending on your market, buy a few single-family homes, if your DTI allows, and run them as STR's. You already know how to make money in real estate... Now it's time to scale.

Also, I don't know if you factored this in but getting a mortgage on your homes will significantly decrease your cash flow, not to say you shouldn't do it.

I was, I guess well see each other at BPCON 2022.