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All Forum Posts by: David Mares

David Mares has started 6 posts and replied 45 times.

Post: Why does everyone seem to despise Armando montelongo?

David MaresPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 49
  • Votes 19

@Rod Desinord, as a TV personality he was okay and even quite hilarious unknowingly. But living in San Antonio as he does, I've noticed that he has been characterized as abrasive and arrogant perhaps due to his success. I wish him well nonetheless but it's just my observation. Lately his guru workshops are under lots of scrutiny for the high admission costs and the lack of a "real" education and ROI for attending such classes. Very similar to that of Than Merrill and his team who appear to be great guys but may have other financial motives.

Post: HUD Homes

David MaresPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 49
  • Votes 19

@Account Closed that was some great feedback, I was completely unaware of the rules possibly restricting those who own other properties, so I do appreciate the heads up. I'll be sure to double check before we commit. 

Post: HUD Homes

David MaresPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 49
  • Votes 19

Hi everyone, 

I am a prospective RE investor from San Antonio and would like some feedback in regards to HUD homes and my first purchase as a homeowner. My wife is a school teacher and keeps mentioning the "discounted" mortgages that are offered to teachers, police officers and fireman as they require the homeowner to live in that home for 5 years and other requirements. I understand that. But I would much rather purchase our first home via an FHA loan that will allow us to occupy as our primary residence while making some fixes and preparing as a rental. I would then like to relocate my family to a HUD home after we fulfill our obligations and then take advantage of my wife's "discount" if you will. My main question is, have any of you ever executed this type of strategy to get started in REI?

Thanks!

Post: Dealing with tenants in the Military

David MaresPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 49
  • Votes 19

Wow thanks for the helpful information you all have provided! I greatly appreciate it, I'll be sure to use the resources mentioned :)

Post: Dealing with tenants in the Military

David MaresPosted
  • Real Estate Agent
  • San Antonio, TX
  • Posts 49
  • Votes 19

Hi everyone, 

I am an aspiring investor from the San Antonio area and am looking to rent to SFH to active military (SA is a large military city). My father is retired Air Force and I accompany him to several base facilities where I can post my information for those who are new and searching for a home. Can you share some valuable lessons that you have learned from having tenants in the military so that I may be better informed?

Thanks!