All Forum Posts by: Dylan Patel

@Andrew Postell Got it, hopefully soon things will get back to some normalcy. I appreciate the help!

Hi, 

I would like to use the delayed financing route for investing to speed up the BRRRR process. From my understanding, conventional mortgages that go through Fannie/Freddie utilizing delayed financing have specific terms (all cash upfront to purchase the property...no form of loan to do so or else you can't get the refinance asap and you'd have to wait ~6 months). My question is if I utilize some form of a portfolio loan to refinance, in general, do they care if I used a short term loan to buy the property and then refinance it or would I still need to use all cash?

I'm asking this because I am a new business owner with variable income that won't typically qualify for a traditional mortgage for my refinance. Any help would be greatly appreciated! 

Thank you!

@Michael Ablan Perfect, I feel like getting access to the houses earlier and getting the extra commission would save a lot of money. I appreciate the advice!

I appreciate all the advice! I think I'm going to start by investing in a few rental properties and then accessing if getting the license in the future would benefit me. Appreciate all the help!

Hi Sean, 

Perfect, I was thinking the same thing but wanted to make sure others haven't regretted not getting the license...which you can always get in the future I guess. I appreciate the response! @Sean McDonnell

Hi everyone, 

I am debating on whether or not I should obtain my real estate license. I started my own business in February of 2020 and would like to expand that in the future as my main priority. Secondly, I want to start investing in real estate whether that be residential to small multifamily properties as I have a strong desire to start to build a real estate portfolio. If I got my license I would like to be a part-time real estate agent. Before spending money and time to obtain a license I would like to understand the different pros and cons others have seen of being a real estate agent with a main focus of being an investor. Any help would be much appreciated, thank you!

Hi everyone, my name is Dylan and I'm looking into buying my first rental property in the DFW area. I want to specifically use the BRRRR strategy and have attended a few local REIAs. I'm currently contacting/looking for lenders, real estate agents, and contractors to have everything settled for when I find a deal worth pursuing. I want to invest in Arlington/Grand Prairie, Fort Worth, or near Bishop Arts District and am looking for a single-family or duplex/triplex property. My price range is anywhere between $80k to 150k.

Any advice on which areas to zone in on and if you have any recommendations for lenders, agents, and contractors would be greatly appreciated!!