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All Forum Posts by: David Woz

David Woz has started 7 posts and replied 43 times.

Post: Can someone explain Seasoning?

David WozPosted
  • Rental Property Investor
  • SF Bay Area, CA
  • Posts 45
  • Votes 112

I'm looking to pay cash for 3-4 properties in the next year.  My primary reason for paying cash is to be strong in my offers.

My goal is to pull out money but still maintain a 30% or so equity position in each property shortly after the purchase.

I have heard the term "seasoning" before and always see it used when refinancing property.   Will I have issues pulling money out of properties after paying cash for them assuming appraisals and everything are in line?

My wife and I have credit scores in the 800's and significant cash reserves in place.   

Post: looking for Property Manager

David WozPosted
  • Rental Property Investor
  • SF Bay Area, CA
  • Posts 45
  • Votes 112

Hello:

Looking to purchase something in the Dallas area but living out of state.   I found several turnkey providers that appear to have great property management, but will only manage properties they sell you and  found their prices to be a bit unrealistic for the neighborhoods they were proposing.  

I would like to be a bit more hands on in the acquisition part of the transaction and looking for quality people to hand it off to.

Can anyone recommend some quality property managers in the Dallas/ North Dallas area? 

Post: Immediate, Expensive City Violations on Turnkey Property

David WozPosted
  • Rental Property Investor
  • SF Bay Area, CA
  • Posts 45
  • Votes 112

Ouch.   What company is this and where did you purchase?  In the market myself, looking at several turnkey properties and curious to see how they handle this.