All Forum Posts by: Horacio Barrera

I would be purchasing Property #2 with the funds from a cash out refinance from property #1

A silent investor owns 20% of Property 1. I am willing to do a cash out refinance in the next few months. Will the silent investor also be attached to the purchase of property #2? Before purchasing property 1, we aligned on a buy and hold strategy but didn't discuss cash out refi options.

Hi Jay - Its in the RGV area (Edinburg to be exact)

I am looking for an insurance policy on a newly built foruplex in Texas. I am having issue getting a quote. Any recommendations would be greatly appreciated.

Thanks!

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*This link comes directly from our calculators, based on information input by the member who posted.

My wife and I have finally decided to jump on my first real estate deal. The analysis attached includes $9,000 of "upfront costs" that I have earmarked for property taxes. 

Cash on Cash return seems low at ~3.4% which includes prepaids for property taxes. However, it is in a good developing area. 3 stop lights away from a major highway. 5-10 mins away from grocery stores and major shops. All 4 units are occupied and somewhat renting at high levels compared to the area. 

I do expect to hire an inspector to check if additional repairs are needed. 

Thanks for reviewing these numbers. Any feedback is greatly appreciated!