All Forum Posts by: Cynthia Ortiz

Thanks for the response! I didn't mention that we both have W2 incomes.

My husband and I have been trying to qualify to purchase a primary home in So Cal (Jumbo Loan). We are also passive investors in several apartment syndications. All of our sponsors performed cost segregation studies in 2019, therefore creating a "paper loss" reflected on our K1's. Because of this, banks see this as a negative and are counting it against our DTI ratio. I have explained that this is simply a paper loss and not a loss of equity or underperformance from the property itself. Our CPA even wrote an explanation of this to which the bank's underwriters still counted against us. We are looking for a bank/lender who understands this scenario and can assist us. Any recommendations? Thank you!

Yeah that would be great! Thanks!! One more question....do you have difficulty finding tenants for your rentals? The rental market in El Paso seems a little saturated right now.

Thanks Jaime Barragan! Does anyone happen to know a decent realtor that deals with foreclosure listings in the area?

Good info! Thanks for the advice Addiel!

Thanks for the tips Roy! I will definitely not bank on appreciation, and I plan on traveling to the area before buying. 

It's true though, as much as I'd hate to admit it, a lot of Californians do leave for Texas! 

Hi everyone! 

I am not new to BiggerPockets, but this is my first time ever posting a question.  I have been buy and hold investing in distressed properties in Southern California since 2009. I am now ready to branch out into other markets and am looking on advice on investing in El Paso, Texas for under $125K. Is there anyone on the forum that has experience investing in Texas that can give me an idea as to which areas to stay away from? What are the pros and cons to investing in Texas?

Thanks a lot for your help!