All Forum Posts by: Fabian Marrufo

Why is it so hard to get Hard money on small towns, what recommendations do you guys have to find one that will work with you and does anyone know of a hard money lender in Texas that will do loans on rural areas I'm in the Texas panhandle area. thanks in advance.

Jeannette, I know right, and I'm getting my numbers from other investors who have properties in Dalhart and also love there as well. Which I had them look at it and they both estimated it between 900 and 1000. And btw is not on the north side 

Jeannette, I know right, and I'm getting my numbers from other investors who have properties in Dalhart and also love there as well. Which I had them look at it and they both estimated it between 900 and 1000. And btw is not on the north side 

Hi Greg, thanks for the feed back, and yes you are right, now I'm  not a professional landlord, but I've had 2 other properties there one of which I still own one and I also didn't have any problems placing tenants, the principal of the high school there has been living in the one I currently own there for 2 years now, the work being done is pretty much a total remodel kitchen cabinets, bathrooms remodels,replace the sheetroock in one of the bedrooms re-texture the walls, get rid of a gas fireplace, new flooring, painting interior and exterior light fixtures and add a central heat and air and is a 1300 sf 3/2.The people who lived there were just not clean at all and they just didn't care for the property. 

I recently bought a property at discount to fix and keep as a rental, a week later the realtor calls me and tells me she has a buyer and I can double my money
I paid $20k for it I had 1 contractor give me a $30k bid and I’m having another one looking at it and it would rent for $950 when is fixed. Location is Dalhart Tx

what would you do?