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All Forum Posts by: Account Closed

Account Closed has started 16 posts and replied 39 times.

Post: New to Houston, New to REI

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

@Lance Harris welcome to BP! What part of Houston did you decide on moving to?

Post: Anyone used a Hard money for purchase price only???

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

Hi BP fam,

I would like to use hard money to buy but use my own money to fund the renovations. Has everyone used this method?

It may be a terrible idea but I had to ask.

Post: Hard money for Acquisition cost only

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

Hi BP fam,

I would like to use hard money to buy but use my own money to fund the renovations. It may be a terrible idea but I still want to bring the idea to the community seeking advice from experienced investors.

Post: 203K loan or Similar loan process

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

@Matthew Porcaro wow thank you for this. Very thorough explanation.

Post: 203K loan or Similar loan process

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

Hey everyone,

We are planning to use the 203K or Homestyle Renovation loan on our next primary property purchase. My question is when does the contractor come into play when determining cost of renovation and mortgage loan amount?

Post: Officially a Landlord!

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

@Amanda Jarrett congratulations!! Reading this really gave me a boost of confidence to buy my first investment property. You have provided an exciteroad map for newbies like me. Thank you Amanda!

Post: Email or Phone? Contacting Ctrs or Repar Svcs

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

Hello everyone,

I'm interested in learning how many of you go about making first contact with a prospective contractor or repair service.

Do you use a emails templates tailored to your needs or do you wing it?

Post: Share your Partnership Deal stories

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

Hello,

I really like the strategy of partnerships, would anyone like to share some details of their first partnership?

If I took the path, I would be funding in exchange for my partners deeper knowledge and experience. I would likely focus on buy and hold.

Post: Investor VS. Home buyer, which hat to wear?

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

@Greg Scott thanks! Would you buy a new build as your primary, knowing that equity growth would be slower than if you bought a ugly house in a nice neighborhood and rehab to increase equity?

Post: Investor VS. Home buyer, which hat to wear?

Account ClosedPosted
  • Houston, TX
  • Posts 39
  • Votes 13

Hey everyone,

I have a question for those of you how are homeowners as well as successful investors.

QUESTION: Did you use the same strategies as you would as an investor when searching for your primary home? Wholesale deal, foreclosure, auction, etc