All Forum Posts by: Fernando Martínez

Eliott any recommendations on DSCR lenders or other Non QM's here in Texas that can do a cash out refinance on an investment property

 Brandon, Thank you for your reply. With certain lenders they were asking that it be my primary residence! Definitely didn't qualify there. Would that be the same for cash out refinance? Would that put another lien/loan on the property? 

Thank you again

Sheila, Thank you for your reply. Im not sure if I want to do traditional financing I guess it depends on the rates, terms and what kind of value the lenders can bring. Yes definitely would like some of your contacts and see where it goes. Thank you again!

Greetings Everyone,

Reaching out to see what strategies I could use moving forward. I have 2 investment single family homes that are completely paid off. I want to use the equity in them to purchase other investment properties. Are there certain lenders that will only let me use the equity since they are investment properties. Both are occupied. Any suggestions or recommendations would be helpful. Thank you very much.

Bruce thank you for your response. The group is called Tax Lien Code. The host Matt Reese Davis was very knowledgeable shared a tremendous amount of information. The seminar was interactive and he shared different concepts and strategies as how to analyze each deal.  He did give details in certain areas where he invested but also what type of software they use; PropStream. It is included in their package deal but only for three months. Then after that you had to pay for it, which is $99 a month. They do have a website at www.taxliencode.com.  

There system gathers all the information from each county that has tax liens and deeds for sale online or in person and breaks it down for you so you don't have to decipher the one that the county sends out or has posted. This is $39.97 a month for the basic subscription which only allows for 50 properties to analyze. 

Just reaching out to see if others have gone through the full diamond program and how their experiences where. 

I am here in Texas in the Bell County area. 

Greetings
Looking into the Tax Lien Code seminar. Is it legit and worth it?
Seems like they are sales people that are well versed in tax liens and deeds selling boot camps for classes at 10,000, 26000 and the 40000

I’m interested but don’t want to be scammed!

Greetings
Looking into the Tax Lien Code seminar. Is it legit and worth it? 
Seems like they are sales people that are well versed in tax liens and deeds selling boot camps for classes at 10,000, 26000 and the 40000

I’m interested but don’t want to be scammed!

Hey Steve, I am not trying to sell the property. Its definitely a holding property for awhile. My question was since I have a business account under my LLC, can this property that is not under the LLC and is under my personal name with a homestead can I have those funds go into? Without causing any issues with IRS/CPA

What do you mean no LLC personal residence

Greetings,

What would be the best way to go about my scenario! I have a personal property single family residence, that is a homestead. I am in the process of renting out. This property is not under my series LLC. I have a LLC business account, can I route the rental income through this LLC business account? Would that cause any issues later down the line with the CPA or IRS?

Would a quick claim deed to my LLC be beneficial? Not sure if the lending company would deny if their is a clause in place.

Any other pointers or advise would be greatly appreciated.

Thanks