All Forum Posts by: Darren Gillespie

 Got it. How do I get trained on how to do this? Do you offer training?

 I just went through the housing authority here in Fort Worth TX and they actually asked for the deed. Maybe because it was my first property. I rented in Memphis TN as well and if I recall they asked. Are you saying that you rented your Sub to property to the housing authority or just in general

Does anyone know if you can legally rent a subject to property? Specifically to HUD via the Housing Choice Voucher Program (AKA Section 8)

To all and everyone! First thank you for the honest feedback! I agree with your comments and thoughts on planning. I didn't have the execution down on this and I am still learning!

The refinance is to pull cash out of the deal so that I can handle a couple other financial obligations while I am still paying off the private lender. And full transparency, the LO knows that I am looking at selling the property. I'm also been made aware of the prepayment penalty.  We've had this conversation. But the LO also wasn't giving me a lot of options and giving me advice like a bridge loan. They were also aware that the property was listed for sale to begin with. Will I lose 6-10K in refinancing i think depends on what I am actually paying now in holding and extending. Currently I am holding at 12% along with a monthly $875 fee bringing my monthly to roughly $3100 when I factor in my insurance. The refi gets my loan back down to 21-2200 month plus around 23K to me. Again, I agree and appreciate the thoughts and blunt feedback.

Any other thoughts and or recommendations?

Seeking some advise here. I am in the middle of refinancing my home into a conventional loan so that I can pay my private lender. While I wait for the refinance to complete (the next 3-4 weeks) I want to put my house back on the market for Sale and/or rent. I am being told that I have to wait. Is there any truth to that? Is this a law or policy or any kind of rule that I am not aware of?

Thank you sir!

Hey guys. I am an investor based out of Dallas, TX. I have lead that reached out to me directly in Calumet City. I don't have a team/core 4 in that market to help analyze and work the deal. I am open to JV or wholesaling the deal if someone can help me analyze the property and give me an ARV. Is this feasible or what are your thoughts?

Hey Team. I have a property in Fort Worth that I am looking to obtain insurance on. It is listed on the market for sale currently but I am about to take it off market to rent it out. Do you have any feasible insurance providers where I can start a policy? Like today or tomorrow?

Hey BPrs! I have a rental home with a tennant that has a 2 year lease. Recently the neighbors have been complaining to me that the tennant is not a good person and has been rude and causing problems in the neighborhood. There have been dog complaints, noise complaints, etc.

The last reported incident has turned into a physical altercation that I am still trying to get the detail on as the neighbors have sent me pictures of them both bruised from the physical fighting.

So here’s my question. What am I suppose to do this case or better yet what am I obligated to do. This home used to be occupied by my family and I and the neighbors have always been nice people who have been more than helpful neighbors to everyone but they also help look after the home as I am currently out of state.

Any advice would be greatly appreciated.