All Forum Posts by: Dan Flannery

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $20,000

I was able to get a 3.75% interest rate in a time where rates were at 8%. I had my realtor set up a search for assumable loans, and found a property in Aubrey TX with an assumable VA loan. After getting my offer was accepted the waiting game began. There was tons of extra paperwork to fill out but my Realtor and Lender made the process easy! After a 90 days I finally closed on the house. I am now living here for a year per the loan agreement but I am ready to move out and get it rented.

What made you interested in investing in this type of deal?

-The area
-The interest rate

How did you finance this deal?

-Assumable mortgage

I have came across a home with a 2.75% assumable VA loan in a great location. This Property will make for an excellent investment as a house hack then eventually a long term rental which I am pretty excited about considering the current housing market conditions. The only issue, is that I don't have enough capital to cover the difference between the asking price and the assumable loan amount. Has anyone found any way to get financing for something like this?

Thank You!

I had trouble finding a property that I could put a low down payment on that would break even every month after accounting for all expenses.

I have been finding fairly good deals around Forney lately.

I have just bought my first investment property and I am need of a great Attorney and CPA to help me as I grow my real estate portfolio. Any leads or advice on how I can go about finding great people for my team would be appreciated. Thanks

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $330,000
Cash invested: $13,000

Single family home in a great neighborhood in Oak Cliff Dallas TX with tons if gentrification going on in the area.

What made you interested in investing in this type of deal?

Location

@Elise Marquette

No, I plan on using the BRRR method

I am trying to get approved for a $250,000 loan but only make $25,000 a year, what would be the best type of lender to go through.

Hey everyone,

I am new to BiggerPockets and interested in using the BRRR method in Central Texas as well as the Dallas-Fort worth area. I plan on renting out single family homes as well as Fourplex's. Which zip codes do y'all recommend to invest in?