All Forum Posts by: Daniel Chavez

Got to start somewhere.

Yes, I am actually about to take my license exam. I tried looking online for different answers even for books and there isn’t much on the subject of starting your own mortgage company. But thank you for that advice. I know there is licensing I must obtain just wasn’t sure what else needed to be done.  

Hello I was wondering where someone who would want to start a mortgage company would start (Tx).

By math I mean I took my counties average property tax rate at 2% and multiplied it by the asking price of the property. Then divided that by 12 to get a monthly payment and added it into expenses for the month such as capex, vacancy, mortgage payments etc. 

Those excel calculators sound like a life saver.

I added the monthly tax payment that Zillow provides and I also looked at the average property tax rate for my county and did the math with the asking price. 

Hello, I am new to real estate investing and to the bigger pocket forums. I recently have been trying to look for multi family deals in my area and when I do the math on  to analyze a deal the property taxes are just way to expensive for any deal I’m trying to analyze. Does anyone know why that is? My property taxes for these properties are coming out like 500 dollars every month for a 300k listed property.