All Forum Posts by: David Chappell

Hi Chris, I purchased both through a wholesaler that I made a connection with online. Mark byer at signal property Management is managing it for me.

Hey Pope! Have you purchased a property yet? I just closed on 2 properties (Pleasant Grove & Grayson Valley) that I will be rehabbing soon and putting up for rent. I will make sure and let you know how those go. How is your search coming along?

Hi Mark, Im in Austin, TX currently buying in Birmingham, AL. I have contacted a few local banks in the area to see what is available.

@Mark Albini hi Mark, do you have any recommendations on commercial lenders that refi without a property being in an LLC? Thanks!

@Blake Choisnet nice, congrats ! Looking forward for hearing what market in TX and now you found the deal!

Hi Melissa! I was able to get my HELOC in March through BB&T right before everything went crazy. I can send you my bankers contact information if you want to call her and see if she can work something out?

good to know, thanks Kenneth!

@Logan Turner that helps a ton thank you. As a new investor, do you recommend me maxing out my # of conventional loans/mortgages or going straight into commercial lending? Are the rates in commercial a little higher than personal?

@Logan Turner how are you refi-ing that many properties without running into limitations on # of loans? Thanks for the input!

@Kenneth Garrett when you say "Mine are usually 5 year balloons and then I refinance". What do you refinance into? Another 3/5/7yr commercial loan? Do the closing costs get to be a little crazy?