All Forum Posts by: Vijaianand Thirunageswaram

@Princella Carr  Are you looking for Realtor who walk the talk like who also invest himself in the real estate? Are you looking for Realtor who knows all investor niches and acronyms.  I think I know what you really looking because there are many realtors who says they can help you find the property but can they really talk investors way. not really...

As @Matthew Paul mentioned, that you need to either share your current situation and what you want to accomplish and then ask for help in areas to find the realtor to help you.   

Are you looking for developers or promoters who does turn key properties? or are you looking for turn key rental opportunities.

@Ben M. Finding deals in MLS needs lots of patience and if you are looking for discount deals it depends on the area and competition. You can buy turnkey rentals easily in MLS but not discounted properties. If you want discounted properties, you need to work with Wholesaler or investor mentors. Market is expected to slow down bit and it may be getting to buyer's side but so might have better chance later.

There are 2 different way you can refi. If you bought in all cash, you can refi within 1 month using delayed financing and get cash out. If you miss it, you need wait for 6 months to refi it. If it's not all your cash or private lender, if you need conventional loan, you need 6 month seasoning. It is always appraisal whether it's 1 month or 6 months. Whoever said it's price of the house is not right. 

@Carlos Batrez As Tony said there are plenty in BP. I do use few repeated for my rehabs. Let me know if you still need it. They are low cost and fast to get done in 21 days. 

@Brandon H. Thanks! I strongly believe if you are part of community, it your responsibility as a community member to share the experience. It has to be give and take and not just take. Community won't cherish if it's just taking info and not sharing.. 

For your question about wash, DTI is keyword Debt to Income ration when it comes to getting loans. Your overall DTI needs to be below 42% or so to get a conventional loan. If you have your home and one rental property, it's mortgage and expenses will be liability side against income. If there is no rent, your expense will go against your income. if there is rent, it will be counted as income and it will wash your rent expense and DTI will stay same. You can continue to buy another rental. That's the point.

@Donald Harrell It was interesting to see you mentioned that beginning your Real Estate Investing career. Are you really going to make career out of it investing or it is just investment strategy. Both are different. I would first determine what's the goal and direct your energy accordingly.

As per STR, there are few people in this forum who does it currently in some of the areas around Downtown houston. I heard few actually rent the places and AirBNB them as well and doing good. You won't do good if it's just one unit. It has to be multiple units and right location. Do the analysis using Airbnb data and figure it out before taking the leap.

Yes I did. I used @Sarah Montes at Texas Pride lending in Dallas.  They are great to work with. 

I know you can sell the note but didn't know that you can sell part of it to pay off and still keep the spread. That would be great.  Let me know. 

Vijai

@Sarah Montes Good to see you here. Thanks for all the help from you team to close on 2 owner financing last month. You should know someone who can do this financing for owner financing investors.. Do you know anyone? 

Hello Investors

If you are looking to get your real estate license to start investing, it's not a bad idea at all. With the recent tax changes, it helps to get 20% deduction on your rental income.

But you don't want to pay big chuck of commission on your sales transaction or any transaction for that matter.

We are Flat Rate Realty Service company and charges only FLAT TRANSACTION FEES on any transactions so you keep all the commission. We also have quite bit of other benefits. Do check out our website, 

http://omrealtygrouptx.com/join-our-om-realty-team...

Let me know if you have any questions.. 

DO NOT LEAVE MONEY UNDER THE TABLE.