All Forum Posts by: Chris Munoz
Chris Munoz has started 3 posts and replied 5 times.
Post: Help creating a wrap loan in San Antonio?

- New to Real Estate
- San Antonio, Tx
- Posts 5
- Votes 1
Thank you Ryan. The loan is a cash out refinance. I’ll post an update in a couple of weeks to see how it all goes.
Post: Help creating a wrap loan in San Antonio?

- New to Real Estate
- San Antonio, Tx
- Posts 5
- Votes 1
I have a property I will by from a wholesaler for $67500. It needs minimum repairs estimate less than $10,000. I will be paying cash. ARV is 95k - 100K.
I then have a mortgage lender who will cash out refinance at 4% 30 yrs.
I want to owner finance resell the property. I’m thinking $95k, $9000 down 8-9% 30 yrs.
Here's my problem. I e never done this before! Help! Do I need a lawyer? Can I get the necessary paperwork off one of the do-it-yourself documents online? What do I need to file with the state? How do I assure they pay the property taxes and HOA fees?
Post: 1st Property; HELOC? Roth IRA return of principle? 401k Loan?

- New to Real Estate
- San Antonio, Tx
- Posts 5
- Votes 1
Jake, thanks for the reply and encouragement!
another question.
I can take up to $160,000 on the HELOC. Do I take the full amount necessary to buy and rehab the first home? Or, take enough for the down payment and get a conventional loan for the rest. Then, refinance the whole thing when I have renters in the home?
Post: 1st Property; HELOC? Roth IRA return of principle? 401k Loan?

- New to Real Estate
- San Antonio, Tx
- Posts 5
- Votes 1
I want to get started in real estate investment. My home is paid off and can easily get a HELOC. I also have a 401K at work I can get up to $50,000 loan. Lastly I have a large Roth IRA from a previous employer I can get liquidity by getting contributions as return of principle. What is your opinion on the best option to get started? If I use one of the loan options then I would refinance as soon as possible and pay off the loans. I'm looking for long term holding of the properties BRRRR.
I was originally looking into moving some IRA money into a self-directed IRA and using that, but it seems so complicated and every transaction has to be carefully made.
I'm going to have to factor in the cost of the extra expenses of a professional tax strategist (CPA) and a property manager (I'm not getting all the late night calls, I'm too busy). I want this to be a form of retirement income but also want to take every tax advantage I can.
1) What is your opinion on the best option to get started? HELOC, 401k Loan, Roth Principle distribution?
2) There is SO MUCH INFORMATION, where do you suggest I start?
Post: New from San Antonio, TX first investment home, maybe using IRA

- New to Real Estate
- San Antonio, Tx
- Posts 5
- Votes 1
I should have done this a long time ago but there's no time like the present. I'm interested in getting into investment property and getting the best tax shelter out of it that I can. I've heard of using IRA money to hold investments. I have plenty I can move from a IRA already funded. Looking to educate myself on that more. I'm not closed to doing it outside of those confines though. My primary residence is paid off and I have a IRA and 401k I can borrow from to start this endeavor. Looking forward to getting to buying a property once a year eventually.