All Forum Posts by: Gregorio Martinez

Good morning Everyone,

My wife and I are currently in the process of acquiring our first Rental Investment property. If all goes well, we will need to select an Home Insurance Company. Are there any recommendations of any insurance companies or insurance agents to use for rental properties? Also, we are based out of San Antonio, TX.

Thanks,

Greg

@ Keith Borie, I'm also interested in knowing if you found any good portfolio lenders. Also, does anyone know of any good banks that offer good conventional loans? Currently undecided on what bank to go with. 

Hello, My wife and I want to starting making business moves and start flipping homes. We've been listening to the podcast and have learned so much. When something seems confusing we do the research to learn. Now we want to start producing, and build a team! The following is what we can offer: Over $110,000 cash $17,000 in credit line at a home improvement store (thinking about opening another credit card which will probably offer the same line of credit) Our home has around $80,000 in equity. We both have great credit scores. I have a friend who’s a Realtor and has flipped three homes and is now in wholesaling. He doesn't have a vast amount of knowledge but definitely more than us. We know a few things have gone wrong in his flips, therefore he can teach us the basic of Do's and Don'ts. My wife and I would like for him to team up with us by providing knowledge. He would not have to do the hands on but just guide us through the process step by step, we are willing to put in the work. What percent should I offer from my ROI? Also, what advice can be shared with us?

Has anyone here flipped a condo before? If so how much different is it from flipping a House?

@Frank Palomino, thanks for your feedback. I appreciate you going into detail on why Capital Gains isn’t mentioned as much and how the process works.

@Steven Hamilton II, thank you Sir for the correction. Also thank you for taking the time and sharing this information.

@Jon Holdman, thank you for your feedback. I like how you broke it down, definitely making sense to me now. I appreciate you.

@Curtis Moe, thanks for your response.

Thanks @Omar Kahn this is definitely helpful information. I appreciate you for taking the time out your day for your professional feedback.

Thanks, Andrew Kerr! I am looking to purchasing my first investment property in the State of Texas and I notice capital gains tax aren't really discussed when flipping a property.